Professional
Added to YB: 2024-09-30
Pitch date: 2024-09-27
HST [bullish]
Host Hotels & Resorts, Inc.
+16.94%
current return
Author Info
No bio for this author
Company Info
Host Hotels & Resorts, Inc., herein referred to as we, Host Inc., or the Company, is a self-managed and self-administered real estate investment trust that owns hotel property.
Market Cap
$13.1B
Pitch Price
$16.44
Price Target
24.00 (+25%)
Dividend
4.97%
EV/EBITDA
10.56
P/E
17.36
EV/Sales
2.97
Sector
Hotel and Resort REITs
Category
turnaround
Host Hotels & Resorts, Inc.: US REIT Sector Offers Relatively Stable Internal Growth
HST: Largest US lodging REIT, recovering from pandemic. Solid growth expected as business travel returns by 2027. Trades at 8.5x cap rate, 11x FFO. 3.4% 10yr revPAR CAGR, 4.6% NOI growth. Risks: high Marriott exposure, Airbnb competition. Low leverage (2.3x net debt/EBITDA). $24 price target.