Host Hotels & Resorts, Inc. HST was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $17.05 to $18.64 in the past one-month time frame.
The move came after the company reported solid fourth-quarter 2018 results. It also announced the buyout of 1 Hotel South Beach for $610 million.
The company has seen a mixed track record when it comes to estimate revision of no increase and two decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Host Hotels & Resorts currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Host Hotels & Resorts, Inc. Price
Host Hotels & Resorts, Inc. Price | Host Hotels & Resorts, Inc. Quote
Investors interested in the REIT and Equity Trust - Other industry may consider Arbor Realty Trust ABR, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is HST going up? Or down? Predict to see what others think:Up or Down
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Arbor Realty Trust (ABR) : Free Stock Analysis Report
Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research