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Host Hotels and Resorts (HST)
:HST
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Host Hotels & Resorts
(NASDAQ:HST)
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Select Model
Rating:75Outperform
Price Target:
$19.50
â–²(12.59% Upside)
Host Hotels & Resorts receives a strong overall score due to solid financial performance and positive technical indicators. The company's strategic capital allocation and attractive dividend yield further enhance its appeal. However, challenges such as declining free cash flow and margin pressures from wage growth should be monitored.
Positive Factors
Revenue Growth
Consistent revenue growth indicates a strong market position and effective management strategies, contributing to long-term business stability.
Strategic Partnerships
Partnerships with leading hotel brands strengthen market presence and attract a steady stream of guests, supporting sustained revenue.
Capital Allocation
Strategic capital allocation, including share repurchases, reflects management's confidence in the company's future and enhances shareholder value.
Negative Factors
Free Cash Flow Decline
Declining free cash flow may limit the company's ability to reinvest in growth opportunities, potentially affecting long-term competitiveness.
Margin Pressures
Margin pressures, including wage growth, could erode profitability, challenging the company's ability to maintain operational efficiency.
Group Revenue Decline
A decline in group revenue highlights potential vulnerabilities in the business model, which may affect overall revenue stability.
Host Hotels & Resorts (HST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.94B
Dividend Yield5.2%
Average Volume (3M)9.37M
Price to Earnings (P/E)18.3
Beta (1Y)1.04
Revenue Growth8.28%
EPS Growth-11.07%
CountryUS
Employees165
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)0.32
Shares Outstanding687,542,900
10 Day Avg. Volume10,917,360
30 Day Avg. Volume9,373,252
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 Cap1.34
Enterprise Value/Revenue2.69
Enterprise Value/Gross Profit4.79
Enterprise Value/Ebitda9.27
Forecast
1Y Price Target
$18.45Price Target Upside6.52% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering10
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 leasing its hotel properties to hotel operators under long-term management agreements. The company earns a significant portion of its income from rental payments made by these operators, which are structured to include base rents and performance-based incentives. Additionally, Host Hotels & Resorts benefits from real estate appreciation and capitalizing on asset sales when market conditions are favorable. The company's strategic partnerships with reputable hotel brands, such as Marriott and Hyatt, enhance its revenue-generating potential by attracting a steady stream of guests. Furthermore, the company's focus on operational efficiencies and capital expenditures aimed at property improvements contributes to revenue growth by enhancing guest experiences and increasing occupancy rates.
Host Hotels & Resorts Key Performance Indicators (KPIs)
Host Hotels & Resorts Earnings Call Summary
Earnings Call Date:Jul 30, 2025
(Q2-2025)
| % Change Since: |
Next Earnings Date:Nov 05, 2025
Earnings Call Sentiment Neutral
The earnings call reflects a mix of solid financial performance and strategic capital allocation, while facing challenges in specific revenue segments and operating costs. The recovery in Maui and RevPAR growth are notable positives, but are balanced by group revenue declines and margin pressures due to wage growth.Q2-2025 Updates
Positive Updates
Strong Quarterly Performance
Adjusted EBITDAre of $496 million, up 3.1% year-over-year, and adjusted FFO per share of $0.58, up 1.8% year-over-year.
RevPAR Growth
Comparable hotel total RevPAR improved by 4.2% compared to Q2 2024, driven by stronger transient demand and higher ADR.
Maui Recovery
Maui resorts showed 19% RevPAR growth, contributing significantly to portfolio performance.
Capital Allocation and Share Repurchase
Repurchased 6.7 million shares for $105 million in Q2, bringing total repurchases to $205 million year-to-date.
Portfolio Reinvestment Progress
Hyatt Transformational Capital Program is 50% complete and tracking under budget, with significant renovations underway at key properties.
Negative Updates
Decline in Business Transient Revenue
Business transient revenue was relatively flat as demand decreases were nearly offset by rate increases.
Group Revenue Decrease
Group room revenue decreased by 5% year-over-year due to the Easter calendar shift and renovation disruptions.
Comparable Hotel EBITDA Margin Decline
EBITDA margin declined by 120 basis points year-over-year, partially impacted by previous year's business interruption proceeds.
Wage Growth Pressure
Continued pressure from elevated wage growth, impacting margin performance.
International Demand Imbalance
Continuation of international demand imbalance, impacting certain market segments.
Company Guidance
In the second quarter of 2025, Host Hotels & Resorts reported strong financial results, with adjusted EBITDAre reaching $496 million, a 3.1% increase from the previous year, and adjusted FFO per share rising by 1.8% to $0.58. The company also noted a 4.2% improvement in comparable hotel total RevPAR and a 3% increase in comparable hotel RevPAR, driven by stronger transient demand, higher ADR, and more ancillary spending. Maui's recovery was highlighted, with a 19% RevPAR growth contributing significantly to the portfolio's overall performance. Despite a 120 basis point decline in comparable hotel EBITDA margin to 31%, primarily due to previous business interruption proceeds, Host Hotels & Resorts demonstrated resilience with a diversified business mix and strategic capital allocation, including $205 million in stock repurchases and ongoing reinvestment in its properties. The company's 2025 outlook reflects a cautious yet optimistic stance, with expectations of continued RevPAR growth and a stable macroeconomic environment contributing to potential EBITDAre adjustments between $32 million and $37 million for every 100 basis point change in RevPAR.Host Hotels & Resorts Financial Statement Overview
Summary
Host Hotels & Resorts shows strong revenue growth and efficient cost management with a stable balance sheet. However, slight declines in net profit margin and free cash flow efficiency suggest areas for improvement.Income Statement
Host Hotels & Resorts has demonstrated strong performance with a consistent increase in total revenue from $4.91 billion in 2022 to $5.81 billion in TTM (Trailing-Twelve-Months) 2025. Gross profit margin improved to 59.54% in TTM 2025, highlighting efficient cost management. However, net profit margin slightly decreased from 12.27% in 2024 to 11.66% in TTM 2025, indicating a minor decline in net income efficiency despite revenue growth. EBIT and EBITDA margins remained stable, reflecting solid operational performance.75
Positive
Balance Sheet
The company's balance sheet is stable with a debt-to-equity ratio of 0.76 in TTM 2025, indicating a balanced leverage position. Return on equity slightly decreased to 10.18% in TTM 2025, suggesting modest profitability on equity. The equity ratio stood at 51.38%, showcasing a healthy equity base supporting total assets. Overall, the balance sheet presents a sound financial structure with manageable debt levels.70
Positive
Cash Flow
Operating cash flow to net income ratio is strong at 2.11 in TTM 2025, showing robust cash generation relative to net income. Free cash flow grew by 3.89% from 2024 to TTM 2025, contributing positively to liquidity. However, the free cash flow to net income ratio declined slightly, indicating the need for cautious cash management. Overall, cash flow generation is solid, but attention to free cash flow efficiency is advisable.68
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.93B | 5.68B | 5.31B | 4.91B | 2.89B | 5.47B |
| Gross Profit | 3.33B | 3.03B | 1.57B | 2.93B | 1.59B | 3.11B |
| EBITDA | 1.72B | 1.53B | 1.67B | 1.42B | 843.00M | 1.47B |
| Net Income | 659.00M | 697.00M | 740.00M | 633.00M | -11.00M | 920.00M |
Balance Sheet | ||||||
| Total Assets | 12.96B | 13.05B | 12.24B | 12.27B | 12.35B | 12.30B |
| Cash, Cash Equivalents and Short-Term Investments | 490.00M | 554.00M | 1.14B | 667.00M | 807.00M | 1.57B |
| Total Debt | 5.64B | 5.64B | 4.77B | 4.78B | 5.46B | 4.40B |
| Total Liabilities | 6.18B | 6.27B | 5.42B | 5.39B | 5.78B | 4.84B |
| Stockholders Equity | 6.64B | 6.61B | 6.63B | 6.71B | 6.44B | 7.32B |
Cash Flow | ||||||
| Free Cash Flow | 807.00M | 950.00M | 795.00M | 912.00M | -135.00M | 692.00M |
| Operating Cash Flow | 1.43B | 1.50B | 1.44B | 1.42B | 292.00M | 1.25B |
| Investing Cash Flow | -1.46B | -2.04B | -183.00M | -618.00M | -1.16B | 58.00M |
| Financing Cash Flow | -243.00M | -13.00M | -771.00M | -874.00M | -657.00M | -1.31B |
Host Hotels & Resorts Technical Analysis
Neutral
17.32
Price Trends
16.62
Positive
16.03
Positive
15.82
Positive
Market Momentum
0.22
Positive
54.53
Neutral
28.05
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HST, the sentiment is Neutral. The current price of 17.32 is below the 20-day moving average (MA) of 17.43, above the 50-day MA of 16.62, and above the 200-day MA of 15.82, indicating a neutral trend. The MACD of 0.22 indicates Positive momentum. The RSI at 54.53 is Neutral, neither overbought nor oversold. The STOCH value of 28.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $11.94B | 18.34 | 9.80% | 5.20% | 8.28% | -11.07% | |
71 Outperform | 2.88B | 16.10 | 5.66% | 8.42% | 2.42% | -13.51% | |
66 Neutral | 5.87B | 22.66 | 32.79% | 4.94% | 6.13% | -20.48% | |
63 Neutral | 1.67B | 29.16 | 4.15% | 5.22% | 1.72% | -3.49% | |
62 Neutral | 1.83B | 452.58 | 1.02% | 3.81% | 0.37% | -97.38% | |
52 Neutral | 2.31B | 43.64 | 1.68% | 12.40% | -3.19% | -81.33% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
Performance Comparison
HST
Host Hotels & Resorts
17.32
0.16
0.93%
DRH
Diamondrock
8.04
-0.48
-5.63%
SHO
Sunstone Hotel
9.46
-0.77
-7.53%
RHP
Ryman
92.03
-12.51
-11.97%
APLE
Apple Hospitality REIT
12.00
-2.06
-14.65%
PK
Park Hotels & Resorts
11.29
-1.98
-14.92%
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.