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Host Hotels & Resorts (HST)
NASDAQ:HST
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Host Hotels & Resorts
(NASDAQ:HST)
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Rating:77Outperform
Price Target:
$20.00
â–²(8.28% Upside)
Host Hotels & Resorts demonstrates strong financial performance and attractive valuation, supported by positive technical indicators. The company's strategic capital allocation and reinvestment strategies are driving growth, despite challenges in specific revenue segments. The stock is well-positioned for continued stability and growth in the REIT - Hotel & Motel industry.
Positive Factors
Revenue Growth
The company's robust revenue growth highlights its effective market positioning and ability to capitalize on demand in the hospitality sector, supporting long-term financial stability.
Capital Allocation
Strategic capital allocation through asset disposals at favorable multiples enhances portfolio quality and financial flexibility, supporting sustainable growth.
Portfolio Reinvestment
Effective reinvestment in the portfolio through transformational programs enhances property value and competitive positioning, driving future revenue growth.
Negative Factors
Free Cash Flow Decline
A decline in free cash flow growth may impact the company's ability to fund operations and investments, posing a risk to financial flexibility and growth initiatives.
EBITDA Margin Decline
Decreased EBITDA margins due to rising expenses can pressure profitability, potentially affecting the company's ability to maintain competitive pricing and service quality.
Group Room Revenue Decline
A decline in group room revenue, affected by renovation disruptions and calendar shifts, may indicate challenges in maintaining occupancy and revenue in key segments.
Host Hotels & Resorts (HST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.53B
Dividend Yield4.9%
Average Volume (3M)6.49M
Price to Earnings (P/E)17.2
Beta (1Y)0.89
Revenue Growth6.45%
EPS Growth3.79%
CountryUS
Employees165
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)0.23
Shares Outstanding687,689,450
10 Day Avg. Volume6,018,929
30 Day Avg. Volume6,494,884
Financial Highlights & Ratios
PEG Ratio-3.67
Price to Book (P/B)1.86
Price to Sales (P/S)2.16
P/FCF Ratio12.95
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue2.86
Enterprise Value/Gross Profit5.36
Enterprise Value/Ebitda9.47
Forecast
1Y Price Target
$20.16Price Target Upside9.15% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering11
EPS Forecast (FY)0.89
Revenue Forecast (FY)$6.11B
Host Hotels & Resorts Business Overview & Revenue Model
Company DescriptionHost 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. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms. The Company also holds non-controlling interests in six domestic and one international joint ventures. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Swissôtel®, ibis® and Novotel®, as well as independent brands. For additional information, please visit the Company's website at www.hosthotels.com.
How the Company Makes MoneyHost Hotels & Resorts generates revenue primarily through the leasing of its hotel properties to various hotel operators under long-term management agreements. The company earns rental income based on fixed fees and a percentage of the hotel revenues, which are tied to the performance of the properties. Additionally, Host Hotels & Resorts may receive income from ancillary services, such as food and beverage sales, parking, and other hotel-related amenities. Key revenue streams are further supported by their strategic partnerships with major hotel brands, which help attract a steady flow of guests and enhance occupancy rates. Market dynamics, tourism trends, and economic conditions also play a crucial role in influencing the company's earnings.
Host Hotels & Resorts Key Performance Indicators (KPIs)
Any
Number of Properties
Indicates the scale of the company's real estate portfolio, reflecting its market presence and potential for revenue generation.
Indicates the scale of the company's real estate portfolio, reflecting its market presence and potential for revenue generation.
Data provided by:
The Fly
The FlyHost Hotels & Resorts Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 18, 2026
Earnings Call Sentiment Positive
The earnings call reflects a generally positive performance with strong revenue and growth metrics, particularly in Maui, despite some declines in adjusted EBITDAre and FFO. Effective capital allocation and reinvestment strategies have led to improved guidance and significant RevPAR gains. However, there are challenges in specific revenue segments due to external factors.Q3-2025 Updates
Positive Updates
Strong Revenue Performance
Comparable hotel total RevPAR improved by 80 basis points compared to Q3 2024, driven by better-than-expected transient demand and higher rates.
Maui RevPAR Growth
Maui experienced a 20% RevPAR growth, driven by increased occupancy and strong out-of-room spending on F&B, golf, and spa services.
Increased EBITDAre Guidance
Adjusted EBITDAre guidance increased to $1.730 billion, a $25 million or 1.5% improvement from previous estimates.
Capital Allocation Success
Since 2018, Host Hotels & Resorts disposed of $5.2 billion of hotels at favorable EBITDA multiples, enhancing portfolio value.
Portfolio Reinvestment Success
The Hyatt Transformational Capital program is 65% complete, tracking on time and under budget, with significant RevPAR index share gains.
Negative Updates
Decrease in Adjusted EBITDAre and FFO
Adjusted EBITDAre decreased by 3.3% and adjusted FFO per share fell 2.8% compared to Q3 2024.
Decline in Business Transient Revenue
Business transient revenue was down by 2% due to a reduction in government room nights.
Group Room Revenue Decline
Group room revenue decreased by approximately 5% year-over-year, primarily due to planned renovation disruptions and the Jewish holiday calendar shift.
Comparable Hotel EBITDA Margin Decline
Comparable hotel EBITDA margin declined by 50 basis points year-over-year to 23.9%, driven by increasing expenses in wages and benefits.
Company Guidance
During Host Hotels & Resorts' third-quarter 2025 earnings call, the company provided an update on several key financial metrics and announced guidance adjustments. Adjusted EBITDAre was reported at $319 million, a 3.3% decrease from the previous year, while adjusted FFO per share was $0.35, down 2.8% from the third quarter of 2024. Despite these declines, year-to-date adjusted EBITDAre and adjusted FFO per share rose by 2.2% and 60 basis points, respectively, compared to 2024. The company improved its full-year guidance, increasing the comparable hotel RevPAR and total RevPAR estimates to approximately 3% and 3.4%, respectively. Adjusted EBITDAre guidance was raised to $1.730 billion, marking a $25 million or 1.5% improvement, driven by strong performance in the third quarter and improved expectations for the fourth quarter. Host Hotels & Resorts reported a comparable hotel RevPAR growth of 20 basis points and total RevPAR growth of 80 basis points year-over-year, with noteworthy transient revenue growth of 2%. The company also highlighted strong performance in key markets such as Maui, San Francisco, New York, and Miami and discussed ongoing and planned transformational renovations under agreements with Hyatt and Marriott.Host Hotels & Resorts Financial Statement Overview
Summary
Host Hotels & Resorts shows strong financial performance with robust revenue growth and healthy profit margins. The balance sheet is well-managed with moderate leverage and solid returns on equity. However, a decline in free cash flow growth requires attention, though cash generation remains strong.Income Statement
Host Hotels & Resorts has demonstrated strong revenue growth with a 20.2% increase in the TTM period. The company maintains healthy margins, with a gross profit margin of 53.3% and a net profit margin of 12.4%. The EBIT and EBITDA margins are also solid at 17.0% and 30.2%, respectively, indicating efficient operations and profitability. The consistent revenue growth and robust margins highlight the company's strong financial performance in the hospitality sector.85
Very Positive
Balance Sheet
The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.85, indicating moderate leverage. The return on equity stands at 11.1%, showcasing effective utilization of shareholder funds. The equity ratio of 51.1% suggests a balanced capital structure, providing a cushion against potential financial risks. Overall, the balance sheet portrays a well-managed financial strategy with controlled leverage and solid returns.78
Positive
Cash Flow
The cash flow statement reveals a decline in free cash flow growth by 16.9% in the TTM period, which could be a concern. However, the operating cash flow to net income ratio is strong at 0.99, indicating efficient cash generation relative to earnings. The free cash flow to net income ratio of 0.52 suggests that a significant portion of earnings is converted into free cash flow, although the recent decline in growth warrants attention. Overall, the cash flow position is stable but requires monitoring for potential improvements.70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.94B | 5.68B | 5.31B | 4.91B | 2.89B | 1.62B |
| Gross Profit | 3.17B | 3.03B | 2.85B | 2.71B | 1.49B | 487.00M |
| EBITDA | 1.79B | 1.70B | 1.67B | 1.49B | 851.00M | -138.00M |
| Net Income | 738.00M | 697.00M | 740.00M | 633.00M | -11.00M | -732.00M |
Balance Sheet | ||||||
| Total Assets | 13.04B | 13.05B | 12.24B | 12.27B | 12.35B | 12.89B |
| Cash, Cash Equivalents and Short-Term Investments | 539.00M | 554.00M | 1.14B | 667.00M | 807.00M | 2.33B |
| Total Debt | 5.64B | 5.64B | 4.77B | 4.78B | 5.46B | 6.15B |
| Total Liabilities | 6.23B | 6.27B | 5.42B | 5.39B | 5.78B | 6.46B |
| Stockholders Equity | 6.66B | 6.61B | 6.63B | 6.71B | 6.44B | 6.32B |
Cash Flow | ||||||
| Free Cash Flow | 671.00M | 950.00M | 795.00M | 912.00M | -135.00M | -806.00M |
| Operating Cash Flow | 1.30B | 1.50B | 1.44B | 1.42B | 292.00M | -307.00M |
| Investing Cash Flow | -489.00M | -2.04B | -183.00M | -618.00M | -1.16B | -195.00M |
| Financing Cash Flow | -865.00M | -13.00M | -771.00M | -874.00M | -657.00M | 1.23B |
Host Hotels & Resorts Technical Analysis
Positive
18.47
Price Trends
17.85
Positive
17.34
Positive
16.17
Positive
Market Momentum
0.14
Positive
55.49
Neutral
72.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HST, the sentiment is Positive. The current price of 18.47 is above the 20-day moving average (MA) of 18.32, above the 50-day MA of 17.85, and above the 200-day MA of 16.17, indicating a bullish trend. The MACD of 0.14 indicates Positive momentum. The RSI at 55.49 is Neutral, neither overbought nor oversold. The STOCH value of 72.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HST.
Host Hotels & Resorts Risk Analysis
Host Hotels & Resorts disclosed 33 risk factors in its most recent earnings report. Host Hotels & Resorts reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Host Hotels & Resorts Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $12.53B | 17.17 | 11.04% | 4.90% | 6.45% | 3.79% | |
66 Neutral | $2.92B | 16.75 | 5.41% | 8.30% | 0.57% | -13.58% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | $1.89B | 35.33 | 3.98% | 5.13% | 0.95% | -8.40% | |
64 Neutral | $5.90B | 25.24 | 36.38% | 5.01% | 6.98% | -32.02% | |
57 Neutral | $1.71B | 981.52 | 0.88% | 3.98% | 3.04% | -98.77% | |
56 Neutral | $2.24B | -153.00 | -0.36% | 13.10% | -3.57% | -104.55% |
* Real Estate Sector Average
HST
Host Hotels & Resorts
18.47
2.04
12.42%
DRH
Diamondrock
9.30
0.58
6.65%
SHO
Sunstone Hotel
9.17
-2.19
-19.28%
RHP
Ryman
94.70
-4.66
-4.69%
APLE
Apple Hospitality REIT
12.43
-1.63
-11.59%
PK
Park Hotels & Resorts
11.49
-1.20
-9.46%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.