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Host Hotels & Resorts
(NASDAQ:HST)
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Rating:78Outperform
Price Target:
$28.00
â–²(14.29% Upside)
Action:Reiterated
Date:06/01/26
The score is driven primarily by solid underlying financial performance (strong margins and cash generation) and a bullish technical setup (price above key moving averages with positive MACD). The raised 2026 guidance and shareholder returns support the outlook, while volatility in margins/free cash flow, higher capex needs, and leverage increasing after dividends temper the rating. Valuation is supportive with a mid-teens P/E and a ~4.1% yield.
Positive Factors
Cash generation
Host's multi-hundred-million-dollar trailing twelve-month operating and free cash flow provides durable ability to fund dividends, redevelopment and share repurchases without constant external financing. This recurring cash generation underpins capital allocation flexibility across cycles.
Negative Factors
Rising leverage
While still within investment-grade parameters, higher leverage versus earlier years and a post-dividend adjusted leverage near 2.5x reduces financial flexibility. In softer lodging cycles this higher leverage limits the company's ability to absorb revenue shocks or pursue opportunistic investments.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Host's multi-hundred-million-dollar trailing twelve-month operating and free cash flow provides durable ability to fund dividends, redevelopment and share repurchases without constant external financing. This recurring cash generation underpins capital allocation flexibility across cycles.
Read all positive factors
Host Hotels & Resorts Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue by different business segments, highlighting which areas are driving growth and which may need strategic adjustments.
Breaks down revenue by different business segments, highlighting which areas are driving growth and which may need strategic adjustments.
Data provided by:
The Fly
The FlyHost Hotels & Resorts (HST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$17.21B
Dividend Yield3.64%
Average Volume (3M)9.12M
Price to Earnings (P/E)17.3
Beta (1Y)0.78
Revenue Growth6.16%
EPS Growth51.96%
CountryUS
Employees162
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)1.45
Shares Outstanding684,879,300
10 Day Avg. Volume8,581,211
30 Day Avg. Volume9,117,806
Financial Highlights & Ratios
PEG Ratio1.45
Price to Book (P/B)1.87
Price to Sales (P/S)2.01
P/FCF Ratio14.31
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$24.98Price Target Upside1.97% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering15
EPS Forecast (FY)1.36
Revenue Forecast (FY)$6.14B
Host Hotels & Resorts Business Overview & Revenue Model
Company Description
Host Hotels & Resorts, Inc., a distinguished member of the S&P 500 index, stands as the world's foremost lodging real estate investment trust (REIT) and a leading proprietor of luxury and upper-upscale hotel properties. The company boasts an exten...
How the Company Makes Money
Host Hotels & Resorts makes money primarily by earning property-level cash flows from the hotels and resorts it owns. Its core revenue model is based on (1) hotel operating revenue generated at each property—most importantly room revenue from nigh...
Host Hotels & Resorts Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Nov 04, 2026
Earnings Call Sentiment Positive
The call conveyed strong operational and financial momentum: solid Q1 results with mid-single-digit RevPAR growth, margin expansion, raised full-year guidance, active capital returns (share buybacks and a special dividend), and disciplined, value-creating portfolio reinvestment. Key risks noted include weather-related disruption (notably in Hawaii), concentrated and late-booking benefits from the World Cup, only modest improvement in business transient and group demand, meaningful ongoing capex, and limited acquisition opportunities due to high pricing. Overall, positives (outperformance, guidance raise, capital returns, strong balance sheet) outweigh the highlighted challenges.Positive Updates
Adjusted EBITDAre and FFO Growth
Adjusted EBITDAre of $543 million, up 5.6% year-over-year; adjusted FFO per share of $0.67, up 4.7% year-over-year.
Negative Updates
Weather-Related Disruption to Q1 Results
Estimated weather impacts of ~120 basis points to RevPAR in Q1 (including Kona Low in Hawaii and Winter Storm Fern); Maui RevPAR growth limited to +1.5% (total RevPAR +1.6%) with estimated Q1 EBITDA impact of ~ $5M in Maui and ~$1M in Oahu.
Read all updates
Q1-2026 Updates
Positive
Negative
Adjusted EBITDAre and FFO Growth
Adjusted EBITDAre of $543 million, up 5.6% year-over-year; adjusted FFO per share of $0.67, up 4.7% year-over-year.
Read all positive updates
Company Guidance
Host raised 2026 guidance: comparable hotel RevPAR growth to 3.0%–4.5% and comparable hotel total RevPAR to 3.5%–5.0% (midpoint 3.75%, a 100‑bp improvement), expects a ~40‑bp net benefit from special events (≈60‑bp World Cup lift less a 20‑bp 2025 inauguration headwind) plus ~35 bps from Maui, expects Q2 RevPAR similar to Q1 with April ≈+4.4% and H2 in the low single digits, projects comparable hotel EBITDA margins up 20–50 bps (midpoint comparable EBITDA margin 29.5%; Q1 comparable hotel EBITDA margin was 32.7%, +70 bps YoY), full‑year adjusted EBITDAre midpoint $1.810 billion (includes ~$28M from Don CeSar, ~$7M of business‑interruption proceeds and ~$20–25M net EBITDA from Four Seasons condo sales), Q1 adjusted EBITDAre was $543M (+5.6% YoY) and Q1 adjusted FFO/share $0.67 (+4.7%), 2026 capex guidance $545M–$655M (including ~$250M–$300M for redevelopment/repositioning, $20M–$30M for storm reconstruction, ~$5M remediation and ~$15M to complete Four Seasons condos), expect ~5% wage rate increases (≈50% of comparable hotel operating expenses), ~$19M of operating profit guarantees tied to transformational programs, available liquidity $3.4B (including $151M FF&E reserves and $1.5B revolver), paying the declared $0.20 quarterly and $0.72 special dividend will reduce liquidity by ~$770M and result in adjusted leverage of ~2.5x, and weighted‑average debt maturity is 4.9 years at a 4.8% rate.Host Hotels & Resorts Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.17B | 6.11B | 5.68B | 5.31B | 4.91B | 2.89B |
| Gross Profit | 1.71B | 160.00M | 3.03B | 2.85B | 2.71B | 1.49B |
| EBITDA | 2.11B | 1.85B | 1.70B | 1.67B | 1.49B | 851.00M |
| Net Income | 1.01B | 765.00M | 697.00M | 740.00M | 633.00M | -11.00M |
Balance Sheet | ||||||
| Total Assets | 13.15B | 13.05B | 13.05B | 12.24B | 12.27B | 12.35B |
| Cash, Cash Equivalents and Short-Term Investments | 1.70B | 768.00M | 554.00M | 1.14B | 667.00M | 807.00M |
| Total Debt | 5.64B | 5.64B | 5.64B | 4.77B | 4.78B | 5.46B |
| Total Liabilities | 6.14B | 6.32B | 6.27B | 5.42B | 5.39B | 5.78B |
| Stockholders Equity | 6.83B | 6.56B | 6.61B | 6.63B | 6.71B | 6.44B |
Cash Flow | ||||||
| Free Cash Flow | 923.00M | 858.00M | 950.00M | 795.00M | 912.00M | -135.00M |
| Operating Cash Flow | 1.54B | 1.50B | 1.50B | 1.44B | 1.42B | 292.00M |
| Investing Cash Flow | 490.00M | -507.00M | -2.04B | -183.00M | -618.00M | -1.16B |
| Financing Cash Flow | -874.00M | -860.00M | -13.00M | -771.00M | -874.00M | -657.00M |
Host Hotels & Resorts Technical Analysis
Positive
24.50
Price Trends
23.70
Positive
21.65
Positive
19.42
Positive
Market Momentum
0.50
Negative
61.18
Neutral
65.06
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 24.5 is above the 20-day moving average (MA) of 24.23, above the 50-day MA of 23.70, and above the 200-day MA of 19.42, indicating a bullish trend. The MACD of 0.50 indicates Negative momentum. The RSI at 61.18 is Neutral, neither overbought nor oversold. The STOCH value of 65.06 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | $17.21B | 17.33 | 15.16% | 3.73% | 6.16% | 51.96% | |
73 Outperform | $2.72B | 18.12 | 10.27% | 3.27% | 1.03% | 159.56% | |
72 Outperform | $8.43B | 33.25 | 33.00% | 3.57% | 10.68% | -17.54% | |
71 Outperform | $3.90B | 22.62 | 5.43% | 5.72% | -0.51% | -8.63% | |
66 Neutral | $3.03B | -13.88 | -6.59% | 6.78% | -2.20% | -280.33% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $2.19B | 83.36 | 1.94% | 3.07% | 6.83% | 23.48% |
* Real Estate Sector Average
HST
Host Hotels & Resorts
24.98
10.84
76.71%
DRH
Diamondrock
13.30
6.02
82.64%
SHO
Sunstone Hotel
11.61
3.17
37.56%
RHP
Ryman
128.20
38.16
42.38%
APLE
Apple Hospitality REIT
16.55
5.80
53.95%
PK
Park Hotels & Resorts
15.00
5.50
57.89%
Host Hotels & Resorts Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Host Hotels Extends At-The-Market Equity Program Agreement
Neutral
May 28, 2026
On May 31, 2023, Host Hotels Resorts, Inc. entered into a distribution agreement with a syndicate of major banks and broker-dealers, allowing the company or designated forward sellers to offer and sell up to $600 million of its common stock from ...
Executive/Board ChangesShareholder Meetings
Host Hotels Shareholders Back Board, Auditor and Pay
Positive
May 22, 2026
Host Hotels Resorts, Inc. held its annual meeting of stockholders on May 20, 2026, where shareholders voted on director elections, auditor ratification, and executive pay. Stockholders elected nine directors, including CEO James F. Risoleo and Ch...
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.