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Host Hotels & Resorts (HST) Jumps: Stock Rises 6.3%

Zacks Equity Research

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.

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