HST News

The First Trust S&P REIT Index Fund ETF is seeing unusually high volume in afternoon trading Thursday, with over 179,000 shares traded versus three month average volume of about 159,000. Shares of FRI were off about 0.7% on the day.

Shares of Host Hotels & Resorts traded down 1.39% during mid-day trading on Wednesday, hitting $14.95. Host Hotels & Resorts has a 52 week low of $9.78 and a 52 week high of $17.81. The company has a market cap of $10.751 billion and a P/E ratio of 248.52. Host Hotels & Resorts last announced its earnings results on Wednesday, April 25th.

The firm set a "buy" rating and a $18.00 price target on the stock. A number of other analysts have also recently weighed in on HST.

Starwood Hotels and Resorts Worldwide has announced the signing of an operating agreement for a conversion of Citigate Perth into Four Points by Sheraton Perth.

Country-music history could be up for sale as the owner of the Grand Ole Opry, the showcase that's hosted everyone from Johnny Cash to Dolly Parton and Carrie Underwood, is pushed to weigh its options.

The owner of the Mountain Shadows resort in Paradise Valley has defaulted on his loan but says the long-shuttered property's redevelopment will move forward.

The First Trust S&P REIT Index Fund ETF is seeing unusually high volume in afternoon trading Thursday, with over 292,000 shares traded versus three month average volume of about 153,000. Shares of FRI were up about 0.4% on the day.

Overview -- We expect U.S.-based Host Hotels & Resorts Inc. to benefit from good growth trends in U.S. revenue per available room and improving credit measures.

Analyst firm UBS AG , which hosted Wyndham management at a recent lodging conference, said Orlando-based Wyndham's time-share sales grew 20 percent in the first quarter but that the company wants to limit its growth to high single-digit percentages.

The four-star Cathedral Square hotel was just a year old at the time of the February 2011 earthquake and has been closed since.