Host Hotels & Resorts, Inc.
- Open
- 23.09
- Day high
- 23.32
- Day low
- 23.00
- Prev close
- 23.16
- Volume
- 7.8M
- Mkt cap
- $16.0B
- P/E (TTM)
- 16.0
- EPS (TTM)
- $1.45
- P/B
- 2.3
- P/S
- 2.6
- Yield
- 7.21%
- Per share
- $1.67
- ▼Insiders net selling -$1.7M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions accumulating (13F)
Host Hotels & Resorts, Inc. (HST) is a Real Estate company listed on NASDAQ. The stock is up 41% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4).
Host Hotels & Resorts, Inc. (HST) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 10 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
HST earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.36 | $0.67 | +87.4% | $1.6B | +3.2% |
| Feb 18, 2026 | $0.47 | $0.51 | +8.5% | $1.6B | +7.7% |
| Nov 5, 2025 | $0.33 | $0.35 | +6.1% | $1.3B | -10.5% |
| Jul 30, 2025 | $0.51 | $0.58 | +13.7% | $1.6B | +20.4% |
| Apr 30, 2025 | $0.56 | $0.64 | +14.3% | $1.6B | +3.1% |
| Feb 19, 2025 | $0.15 | $0.44 | +193.3% | $1.4B | -5.9% |
| Jul 31, 2024 | $0.56 | $0.57 | +1.8% | $1.5B | -0.1% |
| May 1, 2024 | $0.54 | $0.60 | +11.1% | $1.5B | +3.1% |
| Feb 21, 2024 | $0.44 | $0.44 | +0.0% | $1.3B | +2.4% |
| Nov 1, 2023 | $0.35 | $0.41 | +17.1% | $1.2B | +0.6% |
| Aug 2, 2023 | $0.56 | $0.53 | -5.4% | $1.4B | -25.8% |
| May 3, 2023 | $0.24 | $0.40 | +66.7% | $1.4B | +5.2% |
HST insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 27, 2026 | TYRRELL NATHAN Sofficer: EVP, Ch. Investment Officer | Sell | 15,569 | $23.00 |
| May 27, 2026 | RAKOWICH WALTER Cdirector | Sell | 3,408 | $22.90 |
| May 22, 2026 | LAING DIANAdirector | Grant | 8,520 | — |
| May 22, 2026 | BULLS HERMAN Edirector | Grant | 8,520 | — |
| May 22, 2026 | Stein A Williamdirector | Grant | 8,520 | — |
| May 22, 2026 | RAKOWICH WALTER Cdirector | Grant | 8,520 | — |
| May 22, 2026 | Preusse Mary Hogandirector | Grant | 8,520 | — |
| May 22, 2026 | BAGLIVO MARYdirector | Grant | 8,520 | — |
| May 22, 2026 | Smith Gordon Hdirector | Grant | 8,520 | — |
| May 15, 2026 | OTTINGER JOSEPHofficer: SVP & Corp. Controller | Tax | 46 | $21.54 |
| May 11, 2026 | TYRRELL NATHAN Sofficer: EVP, Ch. Investment Officer | Sell | 58,579 | $22.00 |
| Apr 16, 2026 | Smith Gordon Hdirector | Grant | 1,566 | — |
| Apr 16, 2026 | LAING DIANAdirector | Grant | 389 | — |
| Apr 16, 2026 | Preusse Mary Hogandirector | Grant | 942 | — |
| Apr 16, 2026 | Stein A Williamdirector | Grant | 930 | — |
Source: HST SEC Form 4 filings, latest May 27, 2026. For informational purposes only — not investment advice.
See the full HST insider & 13F page →Host Hotels & Resorts, Inc. company profile
Overview
Host Hotels & Resorts, Inc. (NYSE:HST) is a publicly traded real estate investment trust (REIT) that has been operating since 1980. The company is the largest lodging REIT in the United States and ranks among the world's largest owners of luxury and upper-upscale hotels. Host Hotels operates as an S&P 500 company, owning a portfolio of 74 properties in the United States and five international properties, totaling approximately 46,100 rooms. The company also maintains non-controlling interests in seven joint ventures. Rather than operating hotels directly, Host Hotels owns premium hotel real estate and partners with established hotel management companies and brands to operate its properties.
Business
Host Hotels & Resorts operates in the hotel real estate investment trust (REIT) sector, which involves owning hotel properties and earning income from their operations without directly managing day-to-day hotel services. A REIT is a company that owns, operates, or finances income-generating real estate, allowing individual investors to earn dividends from real estate investments without having to buy, manage, or finance properties themselves. The company's core business revolves around owning premium hotel real estate assets and partnering with renowned hospitality brands for property management. Host Hotels' portfolio consists exclusively of luxury and upper-upscale hotels, which represent the highest tier of the hospitality market. These properties typically command premium room rates and attract affluent business and leisure travelers. Host Hotels partners with prestigious hotel brands including Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Swissôtel®, ibis®, and Novotel®, as well as independent luxury brands. These management companies handle the operational aspects of running the hotels, including staffing, marketing, reservations, and guest services, while Host Hotels retains ownership of the underlying real estate. The company's revenue streams include room revenue (the largest component), food and beverage operations, spa services, golf operations, and other ancillary services. Based on recent financial data, room revenue represents the majority of total revenue, with food and beverage operations contributing a significant secondary portion.
Revenue model
Host Hotels generates revenue primarily through hotel property ownership, earning income from room rentals, food and beverage operations, and ancillary services at its luxury and upper-upscale properties. The company operates under a asset-light model where it owns the real estate but partners with established hotel management companies to operate the properties. This arrangement allows Host Hotels to benefit from professional hotel management expertise while focusing on real estate ownership and capital allocation. The company's paying customers are ultimately hotel guests - both leisure and business travelers who stay at Host Hotels' properties. However, the revenue flows through the hotel management companies that operate the properties under management agreements. Revenue is generated through several channels: room revenue (the largest component), food and beverage sales, spa services, golf operations, meeting and event spaces, and parking fees. Host Hotels' profitability is influenced by several key factors that can increase or decrease margins. Positive margin drivers include strong travel demand, particularly from affluent consumers who frequent luxury hotels, successful property renovations that command premium rates, effective revenue management strategies, and low levels of new hotel supply in key markets. The company benefits from its focus on luxury and upper-upscale properties, which typically maintain higher margins than mid-scale hotels. Negative margin pressures include rising labor costs (wage and benefit expenses are expected to increase over 6% according to recent guidance), increased operating expenses, economic downturns that reduce travel demand, natural disasters (as evidenced by the Maui wildfires impact), and competitive pressure from new hotel supply. The company is also sensitive to macroeconomic factors such as corporate travel policies, international travel restrictions, and consumer confidence levels that affect both business and leisure travel patterns.
Competitive moat
Host Hotels & Resorts possesses a moderate but sustainable competitive moat built primarily around its premium real estate portfolio and strategic market positioning. The company's primary moat derives from owning irreplaceable luxury hotel real estate in prime locations, which creates significant barriers to entry due to land scarcity, zoning restrictions, and the substantial capital requirements needed to develop competing properties. The company's portfolio of luxury and upper-upscale hotels in desirable markets provides location-based competitive advantages that are difficult to replicate. Properties in markets like New York, Washington D.C., Los Angeles, and resort destinations like Maui benefit from limited developable land and restrictive zoning laws that prevent new competition. Additionally, Host Hotels' scale as the largest lodging REIT provides advantages in capital allocation, acquisition opportunities, and relationships with premium hotel brands. However, the moat faces several challenges. The hotel industry is inherently cyclical and sensitive to economic conditions, which can significantly impact occupancy rates and room rates during downturns. Competitive threats include new luxury hotel developments, alternative accommodation platforms like Airbnb that offer high-end properties, and potential shifts in business travel patterns due to remote work trends. The company also faces ongoing pressure from rising labor costs and operational expenses that can erode margins. The strength of Host Hotels' moat is further supported by its partnerships with established hotel brands that provide operational expertise, reservation systems, and loyalty programs. These relationships create switching costs and operational efficiencies that would be difficult for new entrants to replicate. However, the company's dependence on third-party management companies also creates some vulnerability, as it has limited direct control over day-to-day operations and customer experience.
Risks & safety
Host Hotels & Resorts demonstrates a strong margin of safety with solid financial fundamentals and conservative debt management, though the company faces typical REIT capital intensity requirements. **Cash and Liquidity Position:** - Strong liquidity with $428 million in cash and short-term investments as of Q1 2025 - Total available liquidity of $2.2 billion including credit facilities - Positive free cash flow of $159 million in Q1 2025 and $950 million for full year 2024 - Operating cash flow of $305 million in Q1 2025 **Debt and Solvency:** - Moderate leverage ratio of 2.8x EBITDA - Debt-to-equity ratio of 0.85, which is reasonable for a REIT - Investment-grade balance sheet maintained consistently - Total liabilities of $6.2 billion against total assets of $12.9 billion **Valuation Metrics:** - P/E ratio of 10.0x based on recent earnings - EV/EBITDA of 7.5x, reasonable for a quality REIT - Price-to-book ratio of 1.49x - Dividend yield supported by strong cash flow generation **Other Considerations:** - Cyclical industry exposure creates earnings volatility risk - Capital-intensive business model requires ongoing property investments - Geographic concentration in certain markets creates regional economic exposure
Recent development
Over the past few years, Host Hotels has executed several strategic initiatives focused on portfolio optimization and capital allocation. The company completed a significant acquisition program in 2024, investing $1.5 billion in four premium properties including the 1 Hotel Central Park for $265 million and the Ritz-Carlton O'ahu Turtle Bay for $630 million. These acquisitions expanded Host Hotels' presence in key markets and added high-quality assets to its luxury portfolio. The company has maintained an aggressive capital investment program, spending nearly $550 million in capital expenditures during 2024 and completing renovations of 2,100 guest rooms and 213,000 square feet of meeting space. A significant development was the agreement with Hyatt for transformational renovations at six properties, representing a total investment of $550-$600 million with targeted low double-digit cash-on-cash returns. Host Hotels has also focused on shareholder capital returns, repurchasing $57 million of stock in Q3 2024 and returning $844 million to stockholders through dividends and share repurchases during 2024. The company repurchased 6.3 million shares at $15.79 per share in Q1 2025, demonstrating ongoing commitment to capital allocation flexibility. The company has faced and managed through significant challenges, particularly the Maui wildfire recovery following the August 2023 wildfires that significantly impacted its Hawaiian properties. Host Hotels launched the "Ho'okipa" marketing campaign to promote Maui tourism recovery and has seen encouraging signs of leisure travel returning, though group recovery is expected to extend into 2026. Recent strategic positioning includes maintaining a cautious outlook due to macroeconomic uncertainty while focusing on portfolio optimization, with management indicating readiness to be opportunistic in acquisitions and potential selective asset sales as market conditions evolve.
HST company profile · for informational purposes only — not investment advice.
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