Professional
Added to YB: 2024-09-30
Pitch date: 2024-09-27
HST [bullish]
Host Hotels & Resorts, Inc.
+20.76%
current return
Author Info
No bio for this author
Company Info
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.
Market Cap
$13.9B
Pitch Price
$16.62
Price Target
24.00 (+20%)
Dividend
4.69%
EV/EBITDA
11.22
P/E
18.42
EV/Sales
3.10
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.