Host Hotels & Resorts (HST) has seen a number of noteworthy developments, indicating positive momentum for the Real Estate Investment Trust (REIT). Performance expectations are high ahead of the company's earnings release, with an upgrade to 'Buy' by Compass Point. The company has posted a Q2 2024 EPS of $0.34M. Several acquisitions amplify HST's portfolio, including 1 Hotel Central Park, the Ritz-Carlton O'ahu, Turtle Bay, and a plan to acquire a 4550-room Turtle Bay Resort in Hawaii. HST's stock has seen significant options trading and its strategic resilience to economic cycles is being acknowledged.
SG Americas Securities is bullish as evidenced by the purchase of 32,074 shares and
MBB Public Markets I LLC's acquisition of 51,840 shares. However, Mackenzie Financial Corp, Duff & Phelps Investment Management Co., and Millennium Management LLC have reduced their stakes. HST's stock has had strong trading days, outperforming competitors despite some underperformance. In addition, the company has made a green bond offering of $600 million. HST has also divested of the Sheraton New York Times Square Hotel, keeping in line with its property management strategy. Interestingly, the CEO of the company is set to step down while a new partnership with Kokua Hospitality has also been announced for the Axiom Hotel in San Francisco.
Host Hotels Resorts HST News Analytics from Thu, 14 Jan 2010 02:46:56 GMT to Thu, 24 Oct 2024 16:31:00 GMT -
Rating 7
- Innovation 7
- Information 8
- Rumor 6
