Host Hotels and Resorts (HST)
NASDAQ:HST
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Host Hotels & Resorts
(NASDAQ:HST)
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Rating:72Outperform
Price Target:
$22.00
â–²(8.53% Upside)
Action:ReiteratedDate:02/26/26
Overall score reflects solid fundamentals (strong profitability and cash flow, tempered by cyclical risk and higher leverage), supportive technical trend (price above key moving averages with positive MACD), and a reasonable valuation supported by a ~4.8% dividend yield. Earnings-call guidance and sentiment add a modest positive tilt, though wage inflation and disposition-related EBITDA headwinds cap upside.
Positive Factors
Strong cash generation
Host generates durable, high-quality cash flow: operating cash flow and free cash flow both ~ $1.5B in 2025, with FCF matching net income. This capacity supports ongoing capex, dividends, buybacks and strategic reinvestment, providing financial flexibility across the lodging cycle.
Negative Factors
Rising leverage
Leverage has increased materially to ~0.95 debt/equity, reducing balance-sheet flexibility. In a downturn, higher gearing limits the company’s ability to invest, pursue acquisitions or withstand weaker RevPAR, increasing refinancing and covenant risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Host generates durable, high-quality cash flow: operating cash flow and free cash flow both ~ $1.5B in 2025, with FCF matching net income. This capacity supports ongoing capex, dividends, buybacks and strategic reinvestment, providing financial flexibility across the lodging cycle.
Read all positive factors
Host Hotels & Resorts (HST) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$13.85B
Dividend Yield4.9%
Average Volume (3M)9.14M
Price to Earnings (P/E)16.0
Beta (1Y)0.86
Revenue Growth6.45%
EPS Growth3.79%
CountryUS
Employees165
SectorReal Estate
Sector Strength53
IndustryREIT - Hotel & Motel
Share Statistics
EPS (TTM)0.20
Shares Outstanding687,802,200
10 Day Avg. Volume8,762,287
30 Day Avg. Volume9,139,326
Financial Highlights & Ratios
PEG Ratio1.44
Price to Book (P/B)1.87
Price to Sales (P/S)2.01
P/FCF Ratio14.31
Enterprise Value/Market Cap1.36
Enterprise Value/Revenue3.08
Enterprise Value/Gross Profit7.74
Enterprise Value/Ebitda10.18
Forecast
1Y Price Target
$21.71Price Target Upside7.10% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)1.01
Revenue Forecast (FY)$6.09B
Host Hotels & Resorts Business Overview & Revenue Model
Company Description
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. The Company currently owns 74 properties in the United States and five prop...
How the Company Makes Money
Host 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 reven...
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 Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Positive
The call emphasized multiple operational and financial wins: mid-single-digit RevPAR growth, EBITDA and FFO improvements, strong resort performance (notably Maui), successful high-multiple asset dispositions, substantial shareholder returns and a solid balance sheet. Offsetting items included margin pressure from prior-year one-offs, near-term EBITDA headwinds from recent dispositions and higher wage inflation, plus uneven group pacing in certain citywide markets. On balance, the positive operational momentum, strong capital allocation results and healthy liquidity materially outweigh the challenges.Positive Updates
Full-Year Financial Performance
Adjusted EBITDAre of $1,757 million, up 4.6% vs. 2024; adjusted FFO per share of $2.07, up 3.5% YoY.
Negative Updates
EBITDA Margin Pressure from One-Time Items
Full-year comparable hotel EBITDA margin 28.9% was down 40 basis points YoY, primarily driven by $21 million of business interruption proceeds received in 2024 for the Maui wildfires (a 2024 one-time benefit); Q4 margin down 30 basis points to 28%.
Read all updates
Q4-2025 Updates
Positive
Negative
Full-Year Financial Performance
Adjusted EBITDAre of $1,757 million, up 4.6% vs. 2024; adjusted FFO per share of $2.07, up 3.5% YoY.
Read all positive updates
Company Guidance
Host's 2026 guidance calls for comparable hotel total RevPAR growth of 2.5%–4.0% and comparable hotel RevPAR growth of 2.0%–3.5% (midpoint 2.75%), with Q1 the weakest (low‑single digits), Q2 the strongest (mid‑single digits, World Cup/earlier Easter) and H2 between Q1 and Q2 (January down only 40 bps); management estimates a ~40 bps net benefit from special events (60 bps World Cup, -20 bps from last year's inauguration) and ~35 bps from Maui. At the midpoint they expect a comparable hotel EBITDA margin of 29.2% (flat YoY; range -20 bps to +20 bps) and adjusted EBITDAre of $1,770 million (up ~1% YoY despite an $87M EBITDA decline from dispositions, a $17M net decline in business‑interruption proceeds and a $7M decline in renovation guarantees); the EBITDA guide includes ~ $28M from The Don CeSar, ~$7M of BI proceeds already received, and $20–25M of Four Seasons condo EBITDA, while Maui is expected to contribute about $120M of EBITDA in 2026. Capital guidance is $525M–$625M (including $250M–$300M for redevelopment/repositioning/ROI projects and ~$15M to finish Four Seasons condos); expected operating‑profit guarantees total ~ $19M in 2026 (≈$7M Hyatt, ≈$12M Marriott), wages are forecast to rise ~5% (wages & benefits ≈50% of comp hotel opex), and modeled revenue and expense growth are each ~3.3%.Host Hotels & Resorts Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
69
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.11B | 5.68B | 5.31B | 4.91B | 2.89B |
| Gross Profit | 160.00M | 3.03B | 2.85B | 2.71B | 1.49B |
| EBITDA | 1.85B | 1.70B | 1.67B | 1.49B | 851.00M |
| Net Income | 765.00M | 697.00M | 740.00M | 633.00M | -11.00M |
Balance Sheet | |||||
| Total Assets | 13.05B | 13.05B | 12.24B | 12.27B | 12.35B |
| Cash, Cash Equivalents and Short-Term Investments | 768.00M | 554.00M | 1.14B | 667.00M | 807.00M |
| Total Debt | 5.64B | 5.64B | 4.77B | 4.78B | 5.46B |
| Total Liabilities | 6.32B | 6.27B | 5.42B | 5.39B | 5.78B |
| Stockholders Equity | 6.56B | 6.61B | 6.63B | 6.71B | 6.44B |
Cash Flow | |||||
| Free Cash Flow | 858.00M | 950.00M | 795.00M | 912.00M | -135.00M |
| Operating Cash Flow | 1.50B | 1.50B | 1.44B | 1.42B | 292.00M |
| Investing Cash Flow | -507.00M | -2.04B | -183.00M | -618.00M | -1.16B |
| Financing Cash Flow | -860.00M | -13.00M | -771.00M | -874.00M | -657.00M |
Host Hotels & Resorts Technical Analysis
Positive
20.27
Price Trends
19.21
Positive
18.42
Positive
17.19
Positive
Market Momentum
0.18
Negative
63.99
Neutral
84.70
Negative
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 20.27 is above the 20-day moving average (MA) of 19.03, above the 50-day MA of 19.21, and above the 200-day MA of 17.19, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 63.99 is Neutral, neither overbought nor oversold. The STOCH value of 84.70 is Negative, 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 |
|---|---|---|---|---|---|---|---|
72 Outperform | $13.85B | 16.05 | 11.54% | 4.90% | 6.45% | 3.79% | |
67 Neutral | $2.08B | 18.22 | 6.59% | 5.13% | 0.95% | -8.40% | |
67 Neutral | $2.94B | 23.79 | 5.50% | 8.30% | 0.57% | -13.58% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $1.81B | 70.45 | 1.23% | 3.98% | 3.04% | -98.77% | |
63 Neutral | $2.26B | -2.54 | -8.42% | 13.10% | -3.57% | -104.55% | |
60 Neutral | $6.37B | 24.03 | 34.28% | 5.01% | 6.98% | -32.02% |
* Real Estate Sector Average
HST
Host Hotels & Resorts
20.27
7.22
55.30%
DRH
Diamondrock
10.21
3.51
52.27%
SHO
Sunstone Hotel
9.57
1.59
19.97%
RHP
Ryman
101.70
20.56
25.33%
APLE
Apple Hospitality REIT
12.51
1.90
17.91%
PK
Park Hotels & Resorts
11.19
2.41
27.43%
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.