Professional
Added to YB: 2024-09-30
Pitch date: 2024-09-27
HST [bullish]
Host Hotels & Resorts, Inc.
+36.28%
current return
Author Info
No bio for this author
Company Info
Host Hotels & Resorts, Inc., herein referred to as we, Host Inc., or the Company, is a self-managed and self-administered real estate investment trust that owns hotel property.
Market Cap
$14.8B
Pitch Price
$16.44
Price Target
24.00 (+7%)
Dividend
4.41%
EV/EBITDA
10.82
P/E
14.69
EV/Sales
3.06
Sector
Hotel and Resort REITs
Category
turnaround
Host Hotels & Resorts, Inc.: US REIT Sector Offers Relatively Stable Internal Growth
HST: Largest US lodging REIT, recovering from pandemic. Solid growth expected as business travel returns by 2027. Trades at 8.5x cap rate, 11x FFO. 3.4% 10yr revPAR CAGR, 4.6% NOI growth. Risks: high Marriott exposure, Airbnb competition. Low leverage (2.3x net debt/EBITDA). $24 price target.