Host Hotels & Resorts (HST)
Market Price (5/8/2026): $21.67 | Market Cap: $14.9 BilSector: Real Estate | Industry: Hotel & Resort REITs
Host Hotels & Resorts (HST)
Market Price (5/8/2026): $21.67Market Cap: $14.9 BilSector: Real EstateIndustry: Hotel & Resort REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.3%, Dividend Yield is 4.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.5%, FCF Yield is 5.8% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% Low stock price volatilityVol 12M is 25% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include Travel & Leisure Tech, Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -19% | Key risksHST key risks include [1] significant exposure to rising interest rates and reliance on external capital due to its REIT structure and floating-rate debt, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.3%, Dividend Yield is 4.2%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 5.5%, FCF Yield is 5.8% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 25%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include Travel & Leisure Tech, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Weak multi-year price returns2Y Excs Rtn is -14%, 3Y Excs Rtn is -19% |
| Key risksHST key risks include [1] significant exposure to rising interest rates and reliance on external capital due to its REIT structure and floating-rate debt, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Strong First Quarter 2026 Financial Results and Upgraded Full-Year Guidance: Host Hotels & Resorts reported robust Q1 2026 results on May 6, 2026, with adjusted Funds From Operations (FFO) per diluted share of $0.67, significantly exceeding analyst estimates ranging from $0.59 to $0.63. The company's revenue also surpassed expectations, reaching $1.645 billion. Following these strong results, Host Hotels & Resorts raised its full-year 2026 guidance, now projecting comparable hotel Revenue Per Available Room (RevPAR) growth of 3.0%–4.5% over 2025 and increasing its Adjusted EBITDAre outlook to between $1.785 billion and $1.835 billion.
2. Strategic Asset Dispositions and Substantial Capital Return to Shareholders: In early 2026, Host Hotels & Resorts executed the sale of three luxury hotels, including two Four Seasons resorts and the St. Regis Houston, for approximately $1.15 billion. These strategic dispositions are expected to save an estimated $137 million in future capital expenditures over five years. The gains from these sales were a primary driver of the nearly 99.6% year-over-year increase in Q1 2026 net income. Furthermore, the company plans to return capital to shareholders through a second-quarter cash dividend of $0.92 per share, which includes a $0.72 special dividend stemming from approximately $500 million of taxable gains from these asset sales. Additionally, Host Hotels & Resorts repurchased 4.0 million shares of its common stock for $75 million during Q1 2026.
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Stock Movement Drivers
Fundamental Drivers
The 18.2% change in HST stock from 1/31/2026 to 5/7/2026 was primarily driven by a 14.1% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5072026 | Change |
|---|---|---|---|
| Stock Price ($) | 18.33 | 21.67 | 18.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,939 | 6,114 | 2.9% |
| Net Income Margin (%) | 12.4% | 12.5% | 0.7% |
| P/E Multiple | 17.1 | 19.5 | 14.1% |
| Shares Outstanding (Mil) | 688 | 688 | 0.0% |
| Cumulative Contribution | 18.2% |
Market Drivers
1/31/2026 to 5/7/2026| Return | Correlation | |
|---|---|---|
| HST | 18.2% | |
| Market (SPY) | 3.6% | 55.1% |
| Sector (XLRE) | 7.9% | 52.5% |
Fundamental Drivers
The 39.4% change in HST stock from 10/31/2025 to 5/7/2026 was primarily driven by a 19.2% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5072026 | Change |
|---|---|---|---|
| Stock Price ($) | 15.55 | 21.67 | 39.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,927 | 6,114 | 3.2% |
| Net Income Margin (%) | 11.1% | 12.5% | 12.5% |
| P/E Multiple | 16.3 | 19.5 | 19.2% |
| Shares Outstanding (Mil) | 692 | 688 | 0.7% |
| Cumulative Contribution | 39.4% |
Market Drivers
10/31/2025 to 5/7/2026| Return | Correlation | |
|---|---|---|
| HST | 39.4% | |
| Market (SPY) | 5.5% | 42.2% |
| Sector (XLRE) | 10.5% | 46.1% |
Fundamental Drivers
The 62.0% change in HST stock from 4/30/2025 to 5/7/2026 was primarily driven by a 45.2% change in the company's P/E Multiple.| (LTM values as of) | 4302025 | 5072026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.38 | 21.67 | 62.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 5,684 | 6,114 | 7.6% |
| Net Income Margin (%) | 12.3% | 12.5% | 2.0% |
| P/E Multiple | 13.4 | 19.5 | 45.2% |
| Shares Outstanding (Mil) | 699 | 688 | 1.6% |
| Cumulative Contribution | 62.0% |
Market Drivers
4/30/2025 to 5/7/2026| Return | Correlation | |
|---|---|---|
| HST | 62.0% | |
| Market (SPY) | 30.4% | 51.5% |
| Sector (XLRE) | 11.2% | 44.9% |
Fundamental Drivers
The 57.3% change in HST stock from 4/30/2023 to 5/7/2026 was primarily driven by a 25.3% change in the company's P/E Multiple.| (LTM values as of) | 4302023 | 5072026 | Change |
|---|---|---|---|
| Stock Price ($) | 13.78 | 21.67 | 57.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 4,907 | 6,114 | 24.6% |
| Net Income Margin (%) | 12.9% | 12.5% | -3.0% |
| P/E Multiple | 15.6 | 19.5 | 25.3% |
| Shares Outstanding (Mil) | 715 | 688 | 3.9% |
| Cumulative Contribution | 57.3% |
Market Drivers
4/30/2023 to 5/7/2026| Return | Correlation | |
|---|---|---|
| HST | 57.3% | |
| Market (SPY) | 78.7% | 58.9% |
| Sector (XLRE) | 30.4% | 52.5% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HST Return | 19% | -5% | 28% | -5% | 7% | 24% | 81% |
| Peers Return | 17% | -23% | 28% | -0% | -11% | 19% | 20% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 8% | 96% |
Monthly Win Rates [3] | |||||||
| HST Win Rate | 50% | 50% | 58% | 50% | 58% | 80% | |
| Peers Win Rate | 52% | 42% | 53% | 40% | 43% | 72% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| HST Max Drawdown | -8% | -11% | -7% | -16% | -26% | 0% | |
| Peers Max Drawdown | -6% | -30% | -9% | -15% | -33% | -2% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PK, RHP, PEB, SHO, DRH. See HST Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/7/2026 (YTD)
How Low Can It Go
| Event | HST | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.6% | -18.8% |
| % Gain to Breakeven | 32.6% | 23.1% |
| Time to Breakeven | 136 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -11.0% | -7.8% |
| % Gain to Breakeven | 12.3% | 8.5% |
| Time to Breakeven | 44 days | 18 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -12.9% | -9.5% |
| % Gain to Breakeven | 14.8% | 10.5% |
| Time to Breakeven | 24 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -19.5% | -6.7% |
| % Gain to Breakeven | 24.2% | 7.1% |
| Time to Breakeven | 127 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -12.7% | -24.5% |
| % Gain to Breakeven | 14.5% | 32.4% |
| Time to Breakeven | 34 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.8% | -33.7% |
| % Gain to Breakeven | 81.2% | 50.9% |
| Time to Breakeven | 322 days | 140 days |
In The Past
Host Hotels & Resorts's stock fell -24.6% during the 2025 US Tariff Shock. Such a loss loss requires a 32.6% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | HST | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -24.6% | -18.8% |
| % Gain to Breakeven | 32.6% | 23.1% |
| Time to Breakeven | 136 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.8% | -33.7% |
| % Gain to Breakeven | 81.2% | 50.9% |
| Time to Breakeven | 322 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.3% | -19.2% |
| % Gain to Breakeven | 30.4% | 23.7% |
| Time to Breakeven | 1150 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -32.9% | -12.2% |
| % Gain to Breakeven | 49.1% | 13.9% |
| Time to Breakeven | 322 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -40.0% | -6.8% |
| % Gain to Breakeven | 66.8% | 7.3% |
| Time to Breakeven | 638 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -39.9% | -17.9% |
| % Gain to Breakeven | 66.3% | 21.8% |
| Time to Breakeven | 123 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -23.5% | -15.4% |
| % Gain to Breakeven | 30.7% | 18.2% |
| Time to Breakeven | 121 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -79.6% | -53.4% |
| % Gain to Breakeven | 389.6% | 114.4% |
| Time to Breakeven | 413 days | 1085 days |
In The Past
Host Hotels & Resorts's stock fell -24.6% during the 2025 US Tariff Shock. Such a loss loss requires a 32.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Host Hotels & Resorts (HST)
AI Analysis | Feedback
Here are 1-3 brief analogies for Host Hotels & Resorts (HST):
- Host Hotels & Resorts is like Simon Property Group (SPG) for luxury hotels – they own a vast portfolio of prime hotel real estate and partner with top brands like Marriott and Hyatt to operate them.
- Think of Host Hotels & Resorts as American Tower (AMT) for high-end hotel real estate – they own the valuable buildings and land, while famous hotel brands lease and run the day-to-day operations.
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- Luxury & Upper-Upscale Hotel Properties: Host Hotels & Resorts owns a vast portfolio of premium hotel properties, operated by leading global brands, that offer lodging, dining, and event facilities.
- Hotel Real Estate Asset Management: The company provides strategic oversight and aggressive asset management services to optimize the value and financial performance of its hotel property portfolio.
- Hospitality Joint Venture Investments: Host Hotels & Resorts invests in and manages non-controlling interests in various domestic and international joint ventures within the hospitality sector.
AI Analysis | Feedback
Host Hotels & Resorts (HST) operates as a lodging real estate investment trust (REIT). Its business model involves owning hotel properties and partnering with major hotel brands to manage and operate these properties. Therefore, its major "customers" are the hotel management companies and brands that lease or operate its properties, from which Host derives its revenue through various agreements (e.g., base rent, percentage rent, or profit-sharing).
The major customer companies for Host Hotels & Resorts, based on the brands they partner with, include:
- Marriott International, Inc. (symbol: MAR)
- Hyatt Hotels Corporation (symbol: H)
- Hilton Worldwide Holdings Inc. (symbol: HLT)
- Accor SA (operates brands like Fairmont, Swissôtel, ibis, Novotel)
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- Marriott International, Inc. (MAR)
- Hyatt Hotels Corporation (H)
- Hilton Worldwide Holdings Inc. (HLT)
- Accor S.A. (ACCYY)
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James F. Risoleo, President, Chief Executive Officer and Director
Mr. Risoleo joined Host Hotels & Resorts in 1996 and has served as its President and Chief Executive Officer since January 2017. His previous roles at Host include Executive Vice President and Managing Director of European business activities, leader of West Coast investment activities, Executive Vice President and Chief Investment Officer, and Senior Vice President for acquisitions. Before joining Host, Mr. Risoleo was Vice President, Development at Interstate Hotels Corporation and a Senior Vice President, Commercial Real Estate at Westinghouse Electric Corporation. He earned a business degree and a Juris Doctor from Duquesne University and is a member of the Pennsylvania Bar. Mr. Risoleo also previously served as a director of Cole Office & Industrial REIT, a public non-listed REIT.
Sourav Ghosh, Executive Vice President, Chief Financial Officer
Mr. Ghosh joined Host Hotels & Resorts in 2009 and has served as Chief Financial Officer since 2020. Prior to his CFO role, he was Executive Vice President, Strategy & Analytics and Vice President, Global Business Intelligence & Portfolio Strategy at Host. Before joining Host, Mr. Ghosh held various positions at Starwood Hotels & Resorts, including Senior Director of Real Estate Investments and Director of Acquisitions & Development, where he was responsible for sourcing, structuring, and negotiating acquisitions and development deals. He is an alumnus of Widener University. Mr. Ghosh serves on the board of directors for the U.S. Travel Association, Uniform System of Accounts for the Lodging Industry, and a.k.a. Brands Holding Corp.
Julie P. Aslaksen, Executive Vice President, General Counsel and Secretary
Ms. Aslaksen joined Host Hotels & Resorts in 2019 and serves as Executive Vice President, General Counsel and Secretary. Her previous experience includes serving as Vice President and General Counsel at General Dynamics Information Technology, and Staff Vice President, Deputy General Counsel and Assistant Secretary at General Dynamics Corporation.
Nathan S. Tyrrell, Executive Vice President, Chief Investment Officer
Mr. Tyrrell joined Host Hotels & Resorts in 2005 and has served as Executive Vice President and Chief Investment Officer since 2017. During his tenure at Host, he held leadership positions including Executive Vice President, Investments; Managing Director, Investments; and Senior Vice President, Treasurer. Before joining Host, Mr. Tyrrell worked in finance and development at The Rouse Company and in investment banking for Alex. Brown Realty, Inc., focusing on real estate and mergers and acquisitions.
Michael E. Lentz, Executive Vice President, Development, Design & Construction
Mr. Lentz joined Host Hotels & Resorts in 2016 and has served as Executive Vice President, Development, Design & Construction since 2019. Prior to Host, Mr. Lentz was Senior Vice President and Head of Global Development for Las Vegas Sands Corp., a global gaming company, and Vice President of Project Development at Walt Disney Imagineering, where he oversaw the development, design, and construction of theme parks, timeshare, and resort hotels.
AI Analysis | Feedback
The key risks to Host Hotels & Resorts (symbol: HST) are:- Cyclicality of the Lodging Industry and Sensitivity to Economic Downturns: As the largest lodging real estate investment trust, Host Hotels & Resorts is highly susceptible to the cyclical nature of the hotel industry. Its focus on luxury and upper-upscale properties makes it particularly vulnerable to economic slowdowns, as both high-end leisure and business travelers tend to curtail spending during such periods. This can lead to significant volatility in the company's financial performance, affecting occupancy levels and room rates.
- Exposure to External Economic, Political, and Environmental Factors: Host Hotels & Resorts' operations are influenced by a broad range of external factors. These include shifts in travel patterns, geopolitical tensions, and the continuing threat of pandemics, all of which can disrupt travel and negatively impact revenue streams. Furthermore, climate change poses increasing risks, such as more frequent and intense severe weather events in coastal markets, potential limitations on water usage in other areas, rising property insurance costs, and increased operating expenses to protect and repair hotels.
- Intense Competition and Market Saturation: The lodging industry is highly competitive, with Host Hotels & Resorts facing rivals from other luxury and upper-upscale hotels, as well as alternative lodging options like short-term rentals. Market saturation in key urban and resort destinations can limit growth opportunities and exert downward pressure on room rates and occupancy levels, impacting the company's profitability and market share.
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The addressable markets for Host Hotels & Resorts' main products and services, which are luxury and upper-upscale hotel accommodations, are as follows:The U.S. luxury and upscale hotel market was estimated at approximately $160.56 billion in 2024.
The global luxury hotel market size was valued at $170.77 billion in 2025, with projections to grow to $189.68 billion in 2026.
AI Analysis | Feedback
Host Hotels & Resorts (symbol: HST) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:
- Growth in Group and Business Transient Demand: The company has observed significant growth in group room nights and an increased pace in total group revenue. For instance, in Q1 2024, group revenue per available room (RevPAR) grew 4% driven by room nights, with definite group room nights on the books for 2024 totaling 3.6 million, and total group revenue pace up 7% compared to the prior year. Business transient RevPAR also grew 5% in Q1 2024, driven by both rate and room nights. The company maintained an optimistic outlook for 2024 due to reasons including business transient's gradual improvement.
- Strong Leisure Segment Performance and Pricing Power: Host Hotels & Resorts anticipates continued robust performance from its leisure segment, particularly at its luxury and upper-upscale resorts. Transient rates at comparable resorts were up 52% in Q1 2024 compared to 2019, reflecting strong leisure demand and pricing power. This trend is supported by affluent consumers prioritizing spending on experiences, as highlighted in the company's outlook.
- Revenue Generation from Strategic Renovations and Asset Management: The company's disciplined approach to capital allocation includes transformational renovations aimed at enhancing property value and market share. Since 2018, Host has completed 24 such renovations. The 12 hotels that have stabilized post-renovation operations have shown an average RevPAR index share gain of 8.5 points, exceeding the targeted gain of 3 to 5 points, indicating meaningful tailwinds for the portfolio. These strategic investments are designed to improve both the top line and EBITDA.
- Growth in Ancillary Spending (Out-of-Room Revenue): Host Hotels & Resorts is benefiting from elevated levels of out-of-room spending by guests. This includes strong growth in food and beverage, golf, and spa revenues. In Q4 2025, comparable hotel food and beverage revenue grew approximately 6%, and other revenue, including golf and spa, saw a 10% increase. This increased ancillary spending contributes to overall total RevPAR growth.
- Strategic Portfolio Expansion through Acquisitions: The company actively pursues opportunistic acquisitions to enhance its portfolio quality and expand its footprint. Host seeks larger, more complex transactions in hotels with diverse demand generators (group, business transient, and leisure) and multiple revenue outlets. An example is the recently announced acquisition of a two-hotel complex in Nashville for approximately $530 million, which is expected to further improve the quality of its portfolio and rank among its top assets based on estimated 2024 results.
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Share Repurchases
- Host Hotels & Resorts repurchased $100 million of common stock in Q1 2025, buying 6.3 million shares at an average price of $15.79 per share.
- Since 2022, the company has repurchased $415 million of stock at an average price of $16.16 per share.
- As of February 2026, the company had a remaining capacity of $585 million under its Board-authorized share repurchase program.
Share Issuance
- No significant dollar amount of share issuances as a capital allocation decision was found for Host Hotels & Resorts within the last 3-5 years.
Inbound Investments
- No information regarding large inbound investments made in Host Hotels & Resorts by third-parties was found within the last 3-5 years.
Outbound Investments
- No instances where Host Hotels & Resorts made a strategic investment in another company were found within the last 3-5 years. The company's capital allocation in this area has focused on portfolio recycling through dispositions.
Capital Expenditures
- Host Hotels & Resorts reported total capital expenditures of $644 million for the full year 2025.
- The company forecasts total capital expenditures for 2026 to be between $525 million and $625 million.
- Primary focus of capital expenditures includes multi-year, comprehensive Marriott and Hyatt Transformational Capital Programs aimed at increasing RevPAR index share and elevating EBITDA growth.
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| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 03272026 | SBAC | SBA Communications | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 32.4% | 32.4% | 0.0% |
| 03132026 | HIW | Highwoods Properties | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 13.3% | 13.3% | -4.1% |
| 03062026 | ARE | Alexandria Real Estate Equities | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -18.9% | -18.9% | -19.1% |
| 03062026 | VNO | Vornado Realty Trust | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 11.0% | 11.0% | -8.3% |
| 02272026 | KRC | Kilroy Realty | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 13.7% | 13.7% | -5.4% |
| 04302020 | HST | Host Hotels & Resorts | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | -14.5% | 47.5% | -23.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 12.86 |
| Mkt Cap | 2.2 |
| Rev LTM | 2,017 |
| Op Inc LTM | 199 |
| FCF LTM | 239 |
| FCF 3Y Avg | 225 |
| CFO LTM | 327 |
| CFO 3Y Avg | 347 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 4.8% |
| Rev Chg 3Y Avg | 1.9% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.2% |
| Op Inc Chg LTM | 10.2% |
| Op Inc Chg 3Y Avg | 1.4% |
| Op Mgn LTM | 11.4% |
| Op Mgn 3Y Avg | 12.4% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 20.5% |
| CFO/Rev 3Y Avg | 19.6% |
| FCF/Rev LTM | 14.3% |
| FCF/Rev 3Y Avg | 13.3% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.2 |
| P/S | 2.0 |
| P/Op Inc | 14.8 |
| P/EBIT | 18.1 |
| P/E | 20.2 |
| P/CFO | 9.5 |
| Total Yield | 4.9% |
| Dividend Yield | 3.8% |
| FCF Yield 3Y Avg | 6.7% |
| D/E | 0.6 |
| Net D/E | 0.5 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 13.7% |
| 3M Rtn | 15.7% |
| 6M Rtn | 26.3% |
| 12M Rtn | 41.1% |
| 3Y Rtn | 28.3% |
| 1M Excs Rtn | 1.4% |
| 3M Excs Rtn | 7.7% |
| 6M Excs Rtn | 22.4% |
| 12M Excs Rtn | 9.0% |
| 3Y Excs Rtn | -44.5% |
Price Behavior
| Market Price | $21.67 | |
| Market Cap ($ Bil) | 14.9 | |
| First Trading Date | 04/06/1983 | |
| Distance from 52W High | -0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $19.87 | $17.73 |
| DMA Trend | up | up |
| Distance from DMA | 9.0% | 22.2% |
| 3M | 1YR | |
| Volatility | 25.8% | 25.2% |
| Downside Capture | 0.33 | 0.32 |
| Upside Capture | 106.56 | 96.96 |
| Correlation (SPY) | 57.1% | 50.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.65 | 0.95 | 0.95 | 0.84 | 1.05 | 1.03 |
| Up Beta | 1.01 | 0.87 | 0.72 | 0.83 | 1.42 | 1.12 |
| Down Beta | 3.08 | 1.59 | 1.72 | 1.17 | 1.06 | 0.91 |
| Up Capture | 53% | 95% | 108% | 106% | 102% | 98% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 14 | 25 | 39 | 69 | 128 | 391 |
| Down Capture | -171% | 73% | 62% | 48% | 77% | 102% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 8 | 18 | 25 | 56 | 122 | 355 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HST | |
|---|---|---|---|---|
| HST | 58.3% | 25.1% | 1.78 | - |
| Sector ETF (XLRE) | 10.5% | 13.7% | 0.49 | 44.5% |
| Equity (SPY) | 29.6% | 12.5% | 1.86 | 50.7% |
| Gold (GLD) | 37.0% | 27.1% | 1.14 | -1.7% |
| Commodities (DBC) | 48.7% | 18.0% | 2.12 | -9.0% |
| Real Estate (VNQ) | 12.9% | 13.5% | 0.65 | 49.8% |
| Bitcoin (BTCUSD) | -16.3% | 42.1% | -0.31 | 22.5% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HST | |
|---|---|---|---|---|
| HST | 7.8% | 30.4% | 0.28 | - |
| Sector ETF (XLRE) | 4.1% | 19.1% | 0.12 | 52.5% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 62.0% |
| Gold (GLD) | 21.1% | 17.9% | 0.96 | 5.4% |
| Commodities (DBC) | 14.1% | 19.1% | 0.60 | 20.2% |
| Real Estate (VNQ) | 3.3% | 18.8% | 0.08 | 57.5% |
| Bitcoin (BTCUSD) | 7.0% | 56.0% | 0.34 | 27.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HST | |
|---|---|---|---|---|
| HST | 7.4% | 34.1% | 0.30 | - |
| Sector ETF (XLRE) | 7.0% | 20.4% | 0.30 | 54.6% |
| Equity (SPY) | 15.0% | 17.9% | 0.72 | 58.6% |
| Gold (GLD) | 13.5% | 16.0% | 0.70 | -2.9% |
| Commodities (DBC) | 9.4% | 17.8% | 0.44 | 24.2% |
| Real Estate (VNQ) | 5.7% | 20.7% | 0.24 | 60.3% |
| Bitcoin (BTCUSD) | 68.2% | 66.9% | 1.07 | 17.3% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 5/6/2026 | -0.0% | ||
| 2/18/2026 | -0.9% | -2.7% | -5.7% |
| 11/5/2025 | 6.8% | 11.4% | 5.5% |
| 7/30/2025 | -2.5% | -5.1% | 7.2% |
| 4/30/2025 | 2.9% | 3.4% | 9.7% |
| 2/19/2025 | -1.9% | -6.3% | -12.4% |
| 11/6/2024 | 0.1% | 0.1% | 4.5% |
| 7/31/2024 | -4.3% | -8.5% | 0.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 10 | 12 | 16 |
| # Negative | 15 | 12 | 8 |
| Median Positive | 2.6% | 3.4% | 5.1% |
| Median Negative | -2.1% | -5.5% | -9.1% |
| Max Positive | 6.8% | 16.7% | 42.4% |
| Max Negative | -7.4% | -9.1% | -16.8% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/25/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/01/2025 | 10-Q |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 02/26/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/28/2024 | 10-K |
| 09/30/2023 | 11/06/2023 | 10-Q |
| 06/30/2023 | 08/04/2023 | 10-Q |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/22/2023 | 10-K |
| 09/30/2022 | 11/04/2022 | 10-Q |
| 06/30/2022 | 08/05/2022 | 10-Q |
| 03/31/2022 | 05/06/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/6/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Revenue | 6.10 Bil | 6.14 Bil | 6.18 Bil | 1.1% | Raised | Guidance: 6.08 Bil for 2026 | |
| 2026 Operating Margin | 14.4% | 14.75% | 15.1% | 3.5% | 0.5% | Raised | Guidance: 14.25% for 2026 |
| 2026 Comparable hotel EBITDA margin | 29.4% | 29.55% | 29.7% | 1.2% | 0.4% | Raised | Guidance: 29.2% for 2026 |
| 2026 Net Income | 908.00 Mil | 931.50 Mil | 955.00 Mil | 7.9% | Raised | Guidance: 863.50 Mil for 2026 | |
| 2026 Adjusted EBITDAre | 1.78 Bil | 1.81 Bil | 1.83 Bil | 2.3% | Raised | Guidance: 1.77 Bil for 2026 | |
| 2026 EPS | 1.3 | 1.33 | 1.37 | 8.5% | Raised | Guidance: 1.23 for 2026 | |
| 2026 Capital Expenditures | 545.00 Mil | 600.00 Mil | 655.00 Mil | 4.3% | Raised | Guidance: 575.00 Mil for 2026 | |
Prior: Q4 2025 Earnings Reported 2/18/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Comparable hotel Total RevPAR Growth | 2.5% | 3.25% | 4.0% | -4.4% | -0.2% | Lower New | Actual: 3.4% for 2025 |
| 2026 Comparable hotel RevPAR Growth | 2.0% | 2.75% | 3.5% | -8.3% | -0.2% | Lower New | Actual: 3.0% for 2025 |
| 2026 Total revenues | 6.03 Bil | 6.08 Bil | 6.12 Bil | 0.2% | Higher New | Actual: 6.06 Bil for 2025 | |
| 2026 Operating profit margin | 13.9% | 14.25% | 14.6% | 2.5% | 0.4% | Higher New | Actual: 13.9% for 2025 |
| 2026 Comparable hotel EBITDA margin | 29.0% | 29.2% | 29.4% | 1.4% | 0.4% | Higher New | Actual: 28.8% for 2025 |
| 2026 Net income | 836.00 Mil | 863.50 Mil | 891.00 Mil | 10.7% | Higher New | Actual: 780.00 Mil for 2025 | |
| 2026 Adjusted EBITDAre | 1.74 Bil | 1.77 Bil | 1.80 Bil | 2.3% | Higher New | Actual: 1.73 Bil for 2025 | |
| 2026 Diluted earnings per common share | 1.19 | 1.23 | 1.27 | 10.8% | Higher New | Actual: 1.11 for 2025 | |
| 2026 NAREIT FFO per diluted share | 1.99 | 2.03 | 2.07 | 1.5% | Higher New | Actual: 2 for 2025 | |
| 2026 Adjusted FFO per diluted share | 2.03 | 2.07 | 2.11 | 2.0% | Higher New | Actual: 2.03 for 2025 | |
| 2026 Total Capital Expenditures | 525.00 Mil | 575.00 Mil | 625.00 Mil | -7.6% | Lower New | Actual: 622.50 Mil for 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lentz, Michael E | EVP, Development, D&C | Direct | Sell | 3022026 | 19.95 | 12,673 | 252,826 | 6,614,146 | Form |
| 2 | Tyrrell, Nathan S | EVP, Ch. Investment Officer | Direct | Sell | 12152025 | 18.47 | 9,086 | 167,847 | 12,189,375 | Form |
| 3 | Tyrrell, Nathan S | EVP, Ch. Investment Officer | Direct | Sell | 12152025 | 18.15 | 11,954 | 216,965 | 12,141,025 | Form |
| 4 | Lentz, Michael E | EVP, Development, D&C | Direct | Sell | 11262025 | 17.64 | 35,000 | 617,474 | 4,623,891 | Form |
| 5 | Rakowich, Walter C | Direct | Sell | 5202025 | 15.38 | 4,644 | 71,434 | 1,098,659 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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