Professional
Added to YB: 2024-05-16
Pitch date: 2024-05-14
HST [bullish]
Host Hotels & Resorts, Inc.
+18.2%
current return
Author Info
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Company Info
Host Hotels & Resorts, Inc. is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels.
Market Cap
$13.9B
Pitch Price
$16.98
Price Target
24.00 (+20%)
Dividend
4.69%
EV/EBITDA
11.22
P/E
18.42
EV/Sales
3.10
Sector
Hotel and Resort REITs
Category
growth
Host Hotels & Resorts, Inc.: Acquires two hotels
HST: Solid RevPAR growth & 9% higher FFO in Q1. Acquired 2 Nashville hotels for $530M. Maui wildfire impact -$22M but insurance proceeds coming. Raised 2024 FFO guidance by $0.03 to $2.01 midpoint on strong group bookings. 4.4% dividend yield tops peers. $24 price target on leisure/business travel recovery and growth.
Read full article (9 min)