Professional
Added to YB: 2024-05-16
Pitch date: 2024-05-14
HST [bullish]
Host Hotels & Resorts, Inc.
+14.46%
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
$16.80
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
growth
Host Hotels & Resorts, Inc.: Acquires two hotels
HST: Solid RevPAR growth & 9% higher FFO in Q1. Acquired 2 Nashville hotels for $530M. Maui wildfire impact -$22M but insurance proceeds coming. Raised 2024 FFO guidance by $0.03 to $2.01 midpoint on strong group bookings. 4.4% dividend yield tops peers. $24 price target on leisure/business travel recovery and growth.
Read full article (9 min)