In a report released today, Ari Klein from BMO Capital reiterated a Buy rating on Host Hotels & Resorts, with a price target of $20.00.
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Ari Klein has given his Buy rating due to a combination of factors that highlight Host Hotels & Resorts’ strong performance and promising outlook. The company reported better-than-expected third-quarter EBITDA and FFO, showcasing the resilience of its high-end portfolio amidst challenging economic conditions. Notably, the average daily rate (ADR) saw a healthy increase, and while group bookings were weaker, the demand from leisure travelers helped balance this out.
Moreover, Host Hotels & Resorts raised its 2025 guidance, indicating confidence in its future performance. The company’s EBITDA guidance for 2025 was increased, despite a slight reduction in expected contributions from condo sales, and its RevPAR growth expectations were also revised upward. These positive financial indicators, along with the company’s ability to outperform market expectations, underpin Klein’s Buy rating for the stock.