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Downgrade Alert for Host Hotels & Resorts (HST)

By Nick Russo

Host Hotels & Resorts (NYSE:HST) was downgraded from Outperform to Sector Perform at RBC Capital today. The stock closed yesterday at $17.89 on volume of 9.0 million shares, below average daily volume of 9.9 million.

Over the past year, Host Hotels & Resorts has traded in a range of $12.17 to $21.40 and closed yesterday at $17.89, 47% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.6%.

Host Hotels & Resorts Inc. is a real estate trust. The trust which owns or holds controlling interests in upscale and luxury full-service hotel lodging properties in areas that include Washington, D.C., Toronto and Calgary, Canada, Mexico City, Mexico and Santiago, Chile, as well as Italy, Spain, Poland, Belgium, The Netherlands and the United Kingdom.

Host Hotels & Resorts (NYSE:HST) has potential upside of 9.0% based on a current price of $17.89 and analysts' consensus price target of $19.50. Host Hotels & Resorts shares have support at the 200-day moving average (MA) of $16.41 and additional support at the 50-day MA of $16.05.

SmarTrend recommended that subscribers consider buying shares of Host Hotels & Resorts on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.68. Since that recommendation, shares of Host Hotels & Resorts have risen 6.4%. We continue to monitor HST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Host Hotels & Resorts

Ticker(s): HST