Latest news with #HST
Yahoo
a day ago
- Business
- Yahoo
Watch This REIT With Technical Support in Place
Real estate investment trust (REIT) Host Hostels and Resorts Inc (NASDAQ:HST) is up 4.4% at $16.03 at last glance, after Wells Fargo lifted its price target to $18 from $16, maintaining its "overweight" rating. Plus, the 50-day moving average just moved in as support, which has preceded bullish activity in the past. Per Schaeffer's Senior Quantitative Analyst Rocky White, the REIT is within 0.75 of its 50-day moving average's 20-day average true range (ATR) after spending at least 8 of the last 10 days and 80% of the last two months above it. Within these parameters, six other signals occurred in the past three years. HST was higher one month later 100% of the time after those instances, averaging a 3.7% gain. The security is also nearing "oversold" territory, per its 14-day relative strength index (RSI) of 34.4. This could be indicative of a short-term bounce. Though short interest has been unwinding while the firm bounces off its early-April lows, it still represents 5.3% of the equity's available float. It would take shorts over three days to cover their bets, at HST's average pace of trading. When weighing in, options look like a good way to go. HST's Schaeffer's Volatility Index (SVI) of 25% ranks in the 14th percentile of its annual range, meaning options traders are pricing in low volatility expectations. Sign in to access your portfolio
Hamilton Spectator
4 days ago
- Business
- Hamilton Spectator
Mattawa applies for fitness centre upgrades
Mattawa is applying for provincial funds to upgrade the municipality's Fitness Centre. Specifically, the application asks for funding from the Northern Ontario Heritage Fund Corporation. The town is asking for $554,363. If received, the municipality would be responsible for contributing $138,591 towards the project and for covering any overages, if any occurred during work on the building at 1216 John Street. Municipal council passed a motion detailing these responsibilities, which is part of the application process. Mattawa's Chief Administrative Officer, Paul Laperriere, outlined the work to be done if funding is provided. 'There is some structural foundation work required. The foundation of the building is deteriorating.' 'That is a significant part of the cost,' Laperriere said. Washrooms would be upgraded to be fully accessible as well, Laperriere continued, and the entrance doors would also be made accessible. A ramp will also be installed to the front door. Once completed, 'The building will be 100 per cent compliant with the Accessibility for Ontarians with Disabilities Act.' Laperriere mentioned the $138,591 the town must contribute, 'Will be reduced by $55,140, which is the HST rebate, bringing our share down to around $83,000. There's another $11,000 in contingency, and if we don't require that, it will bring the cost down to $72,000.' Further, the Fitness Centre is within the same building as the Voyageur Curling Club. If the project gets funding and the upgrades are made, 'We intend to look for a contribution from them.' 'I'm expecting our costs will be in the order of $50,000 for this half-million-dollar project,' Lapierre said. If the project is approved, Lapierre expects work to begin in mid-2026. David Briggs is a Local Journalism Initiative reporter who works out of BayToday, a publication of Village Media. The Local Journalism Initiative is funded by the Government of Canada. Error! Sorry, there was an error processing your request. There was a problem with the recaptcha. Please try again. You may unsubscribe at any time. By signing up, you agree to our terms of use and privacy policy . This site is protected by reCAPTCHA and the Google privacy policy and terms of service apply. Want more of the latest from us? Sign up for more at our newsletter page .
Yahoo
24-06-2025
- Business
- Yahoo
How Is Host Hotels & Resorts' Stock Performance Compared to Other REIT Stocks?
Bethesda, Maryland-based Host Hotels & Resorts, Inc. (HST) is the world's largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. With a market cap of $10.9 billion, Host Hotels & Resorts owns and operates several properties in the United States and internationally. Companies worth $10 billion or more are generally described as "large-cap stocks." Host Hotels & Resorts fits right into that category, with its market cap exceeding this threshold, reflecting its substantial size, influence, and dominance in the hotel & motel REIT industry. The Next Trillion-Dollar Boom? 3 Stocks to Buy with 300 Million Humanoid Robots on the Horizon. Warren Buffett's Berkshire Hathaway Now Pays 5% of All Corporate Income Taxes in America Meta's Mark Zuckerberg Says the Technology They're Developing Will 'See What You See and Hear What You Hear' Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. HST touched its 52-week high of $19.36 on Dec. 11, 2024, and is currently trading 18.5% below that peak. Over the past three months, HST stock has gained 7.4%, outperforming the Nuveen Short-Term REIT ETF's (NURE) 2.3% decline during the same time frame. However, Host's performance has remained grim over the longer term. HST stock has plunged 10% on a YTD basis and 14% over the past 52 weeks, underperforming NURE's 4.7% decline in 2025 and 2.4% dip over the past year. HST stock has traded consistently below its 200-day moving average since mid-December 2024, but climbed above its 50-day moving average in May, underscoring its overall bearish trend and recent upturn. Host Hotels & Resorts' stock prices gained 2.9% in the trading session after the release of its impressive Q1 results on Apr. 30. The company's comparable hotel revenue par room surged by 7% compared to the year-ago quarter, this led to a 8.4% year-over-year growth in overall revenues to $1.6 billion, exceeding the Street's expectations by a notable 3%. Meanwhile, its adjusted funds from operations (AFFO) increased by a modest 3.2% year-over-year to $446 million, but its AFFO per share of $0.64 surpassed the consensus estimates by 14.3%, boosting investor confidence. Host Hotels & Resorts has also outperformed its peer Park Hotels & Resorts Inc.'s (PK) 27% drop on a YTD basis and 30.7% plunge over the past 52 weeks. Among the 16 analysts covering the HST stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $17.79 suggests a 12.8% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-06-2025
- Business
- Yahoo
Host Hotels Stock Rises 10.3% Quarter to Date: Will the Trend Last?
Shares of Host Hotels & Resorts Inc. HST have gained 10.3% in the quarter-to-date period against the industry's decline of 0.6%. The Bethesda, MD-based lodging real estate investment trust (REIT) owns a portfolio of luxury and upper-upscale hotels in the top U.S. markets and the Sunbelt region. The recovery in demand for the company's well-located properties in markets with strong demand drivers has benefited the company lately. Image Source: Zacks Investment Research Let us decipher the possible factors behind the surge in the stock price. This Zacks Rank #3 (Hold) company has a strong Sunbelt exposure and presence in the top 21 U.S. markets. Its properties are advantageously located in central business districts of major cities, thus driving demand. The improvement in group travel demand and business transient demand has aided occupancy and revenue per available room growth over the past few quarters. In 2025, the company expects comparable hotel RevPAR growth between 0.5% and 2.5%. Host Hotels undertakes strategic capital allocations to improve its portfolio quality and strengthen its position in the United States, where it has a greater scale and competitive advantage. In the first quarter of 2025, the company incurred $146 million in capital expenditure. For 2025, management expects total capital expenditures to be within $580-$670 million. The company disposes of non-strategic assets with lower growth potential or properties with significant capital expenditure requirements through its capital-recycling program. It has redeployed the proceeds to acquire or invest in premium properties in markets expected to recover faster. Per the company's May 2025 Investor Presentation, from 2021 through the end of the fourth quarter of 2024, total dispositions amounted to $1.5 billion, which is 17.5 times the EBITDA multiple. Its acquisitions during this period amounted to $3.3 billion, which is 13.3 times the EBITDA multiple. Such efforts highlight its prudent capital-management practices, preserve balance sheet strength and pave the way to capitalize on long-term growth opportunities. Host Hotels has a healthy balance sheet and has been undertaking steps to fortify its balance sheet. As of March 31, 2025, the company had $2.2 billion in total available liquidity. Moreover, it is the only company with an investment-grade rating among the lodging REITs, having ratings of Baa3/Positive from Moody's, BBB-/Stable from S&P Global and BBB/Stable from Fitch. This renders access to the debt market at favorable costs. Therefore, Host Hotels has ample financial flexibility for deploying capital for long-term growth opportunities while carrying out redevelopment initiatives. Solid dividend payouts are a massive enticement for REIT investors, and Host Hotels has remained committed to that. HST has increased its dividend eight times in the last five years and has a 40% payout ratio. Such efforts boost investors' confidence in the stock. Check out Host Hotels & Resorts' dividend history here. With the above-mentioned factors, we believe the rising trend in the stock is expected to continue in the near term. On the macroeconomic front, recent heightened uncertainty surrounding trade policy and government spending is expected to weigh on the company's growth through the remainder of 2025. Historically, economic uncertainty has hindered business investment, which is strongly correlated to business transient and group demand. Moreover, challenges in the supply chain have led to project delays across the United States, and a restrictive lending environment has made it difficult to obtain construction financing for future projects. Some better-ranked stocks from the broader REIT sector are VICI Properties VICI and Medical Properties Trust MPW, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for VICI's 2025 FFO per share has moved one cent northward to $2.35 over the past week. The Zacks Consensus Estimate for MPW's 2025 FFO per share has moved one cent northward to 57 cents over the past month. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. 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 Host Hotels & Resorts, Inc. (HST) : Free Stock Analysis Report Medical Properties Trust, Inc. (MPW) : Free Stock Analysis Report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Time of India
23-06-2025
- Business
- Time of India
Accessing federal benefits in Canada just got easier for newcomers
The Canada Revenue Agency (CRA) has introduced a new online application process to make it easier for newcomers to access federal benefits and credit payments. Previously, eligible temporary and permanent residents had to submit paper forms to claim these benefits. With the new system in place, newcomers can now apply online through the CRA's website. For many forms, the process takes less than 20 minutes, CIC News reports. The CRA has also introduced a simplified form for newcomers without children who want to apply for the GST/HST credit and the Canada Carbon Rebate . Newcomers may be eligible for various benefit programs even before they file their first tax return. These include: GST/HST Credit: A quarterly, tax-free payment to help low-income individuals and families offset the cost of sales tax. Canada Carbon Rebate: A quarterly payment to help offset the cost of carbon pricing. The last payment was issued on April 22, 2025, but newcomers can apply for retroactive payments if eligible. Canada Child Benefit : A monthly tax-free payment for families with children under 18. Temporary residents must have lived in Canada for 18 months to qualify. To access these benefits, newcomers must have a Social Insurance Number (SIN), which they can obtain from Service Canada. The SIN application process has also recently been simplified. (Join our ETNRI WhatsApp channel for all the latest updates) For tax purposes, the CRA classifies someone as a newcomer during their first year of residency in Canada. This applies to both temporary and permanent residents, starting from the day they arrive with sufficient residential ties such as a home, family, or other legal ties. Live Events RECOMMENDED STORIES FOR YOU New Canada strong pass opens doors to citizens and immigrants, providing free access to national parks and discounts on travel Canada's population growth slows as immigration rules tighten The CRA is the federal agency responsible for tax collection and benefit distribution. It also manages certain provincial and territorial programs inclusive of fulfilling tax obligations, excluding that of Quebec.
