Host Hotels & Resorts Inc. Stock Outperforms Market On Strong Trading Day

BlackRock Corporate High Yield Fund, Inc

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Company profile

BlackRock Corporate High Yield Fund, Inc. (the Trust) is a diversified closed-end management investment company. Its investment objective is to provide shareholders with current income. Its secondary investment objective is to provide shareholders with capital appreciation. It seeks to achieve its objectives by investing primarily in a diversified portfolio of fixed income securities, which are rated at the time of investment to be below investment grade or, if unrated, are considered by the investment adviser to be of comparable quality. It may invest directly in fixed income securities or synthetically through the use of derivatives. It invests approximately 80% of its net assets (including assets acquired from the sale of preferred stock), plus the amount of any borrowings for investment purposes, in high yield securities, including high yield bonds, corporate loans, convertible debt securities and preferred securities. BlackRock Advisors, LLC is the investment advisor of the Trust.

Host Hotels & Resorts Inc. Stock Outperforms Market On Strong Trading Day

4:58 pm ET June 24, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Host Hotels & Resorts Inc. HST advanced 4.48% to $16.09 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX rising 3.06% to 3,911.74 and the Dow Jones Industrial Average DJIA rising 2.68% to 31,500.68. The stock's rise snapped a two-day losing streak. Host Hotels & Resorts Inc. closed $5.54 below its 52-week high ($21.63), which the company reached on May 5th.

The stock underperformed when compared to some of its competitors Friday, as Pebblebrook Hotel Trust PEB rose 5.13% to $17.61, RLJ Lodging Trust RLJ rose 6.97% to $11.21, and Diamondrock Hospitality Co. DRH rose 6.21% to $8.38. Trading volume (12.8 M) eclipsed its 50-day average volume of 10.0 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 24, 2022.

(END) Dow Jones Newswires

June 24, 2022 16:58 ET (20:58 GMT)