Tearsheet

Host Hotels & Resorts (HST)


Market Price (12/27/2025): $18.445 | Market Cap: $12.7 Bil
Sector: Real Estate | Industry: Hotel & Resort REITs

Host Hotels & Resorts (HST)


Market Price (12/27/2025): $18.445
Market Cap: $12.7 Bil
Sector: Real Estate
Industry: Hotel & Resort REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 4.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.6%, FCF Yield is 5.3%
Trading close to highs
Dist 52W High is -1.1%, Dist 3Y High is -4.8%
Key risks
HST 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.
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -54%
 
2 Low stock price volatility
Vol 12M is 30%
  
3 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include Travel & Leisure Tech, Show more.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 11%, Dividend Yield is 4.9%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 6.6%, FCF Yield is 5.3%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 22%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 11%
2 Low stock price volatility
Vol 12M is 30%
3 Megatrend and thematic drivers
Megatrends include Experience Economy & Premiumization, Smart Buildings & Proptech, and Sustainable & Green Buildings. Themes include Travel & Leisure Tech, Show more.
4 Trading close to highs
Dist 52W High is -1.1%, Dist 3Y High is -4.8%
5 Weak multi-year price returns
2Y Excs Rtn is -41%, 3Y Excs Rtn is -54%
6 Key risks
HST 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.

Valuation, Metrics & Events

HST Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

The approximate 8.4% movement in Host Hotels & Resorts (HST) stock from August 31, 2025, to December 27, 2025, can be attributed to several key factors:

1. <b>Strong Third Quarter 2025 Earnings Beat.</b> Host Hotels & Resorts reported robust third-quarter 2025 financial results on November 6, 2025, significantly exceeding analyst expectations. The company announced a diluted earnings per share of $0.23 against a consensus estimate of $0.11, and revenue reached $1.33 billion, slightly surpassing the $1.31 billion consensus. This strong performance, particularly driven by its luxury and upper-upscale portfolio, led to a positive investor reaction.

2. <b>Raised Full-Year Guidance.</b> Following the impressive Q3 results, management raised its full-year comparable hotel Revenue Per Available Room (RevPAR) growth guidance to 3.0% from the previous range of 1.5-2.5%. This upward revision signaled increased confidence from the company in the ongoing recovery of key markets and the continued strength of its luxury segment, boosting investor sentiment.

3. <b>Strategic Portfolio Optimization Initiatives.</b> Host Hotels & Resorts demonstrated its disciplined approach to portfolio management through the sale of the Washington Marriott at Metro Center for $177 million, which generated a substantial gain of approximately $122 million. This move is part of the company's strategy to enhance its portfolio's long-term performance and value.

4. <b>Credit Rating Upgrade.</b> Moody's upgraded Host Hotels & Resorts' credit rating to Baa2 with a stable outlook. This upgrade reflects the company's solid operating performance and low leverage, which can contribute to improved financial flexibility and reduced borrowing costs, positively influencing the stock.

5. <b>Positive Analyst Sentiment and Price Target Adjustments.</b> Throughout late 2025, Host Hotels & Resorts maintained a consensus "Moderate Buy" rating from various brokerages. Several equities research analysts, including Wells Fargo & Company in October, raised their ratings and price targets for HST, with the average 1-year price objective among analysts ranging between $18.54 and $19.79. This positive outlook from the analytical community likely contributed to the stock's upward movement.

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Stock Movement Drivers

Fundamental Drivers

The 6.3% change in HST stock from 9/26/2025 to 12/26/2025 was primarily driven by a 11.8% change in the company's Net Income Margin (%).
926202512262025Change
Stock Price ($)17.3518.446.29%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5927.005939.000.20%
Net Income Margin (%)11.12%12.43%11.76%
P/E Multiple18.2317.18-5.77%
Shares Outstanding (Mil)692.50687.500.72%
Cumulative Contribution6.29%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025
ReturnCorrelation
HST6.3% 
Market (SPY)4.3%25.8%
Sector (XLRE)-3.2%38.3%

Fundamental Drivers

The 19.9% change in HST stock from 6/27/2025 to 12/26/2025 was primarily driven by a 8.4% change in the company's P/E Multiple.
627202512262025Change
Stock Price ($)15.3818.4419.88%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5807.005939.002.27%
Net Income Margin (%)11.66%12.43%6.59%
P/E Multiple15.8517.188.35%
Shares Outstanding (Mil)697.80687.501.48%
Cumulative Contribution19.86%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025
ReturnCorrelation
HST19.9% 
Market (SPY)12.6%32.9%
Sector (XLRE)-0.7%42.0%

Fundamental Drivers

The 6.6% change in HST stock from 12/26/2024 to 12/26/2025 was primarily driven by a 6.5% change in the company's Total Revenues ($ Mil).
1226202412262025Change
Stock Price ($)17.3018.446.62%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5579.005939.006.45%
Net Income Margin (%)12.92%12.43%-3.85%
P/E Multiple16.8117.182.17%
Shares Outstanding (Mil)700.90687.501.91%
Cumulative Contribution6.58%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025
ReturnCorrelation
HST6.6% 
Market (SPY)15.8%66.0%
Sector (XLRE)1.4%56.9%

Fundamental Drivers

The 33.7% change in HST stock from 12/27/2022 to 12/26/2025 was primarily driven by a 40.4% change in the company's P/E Multiple.
1227202212262025Change
Stock Price ($)13.7918.4433.69%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4642.005939.0027.94%
Net Income Margin (%)17.36%12.43%-28.43%
P/E Multiple12.2317.1840.41%
Shares Outstanding (Mil)714.90687.503.83%
Cumulative Contribution33.49%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025
ReturnCorrelation
HST2.1% 
Market (SPY)48.0%63.2%
Sector (XLRE)6.6%53.0%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
HST Return-20%19%-5%28%-5%10%21%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
HST Win Rate33%50%50%58%50%58% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
HST Max Drawdown-50%-8%-11%-7%-16%-26% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. 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] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventHSTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-30.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven42.9%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-51.2%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven104.7%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven683 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-28.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven39.6%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-88.2%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven744.4%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Host Hotels & Resorts's stock fell -30.0% during the 2022 Inflation Shock from a high on 4/28/2022. A -30.0% loss requires a 42.9% gain to breakeven.

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About Host Hotels & Resorts (HST)

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. The Company currently owns 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms. The Company also holds non-controlling interests in six domestic and one international joint ventures. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Swissôtel®, ibis® and Novotel®, as well as independent brands. For additional information, please visit the Company's website at www.hosthotels.com.

AI Analysis | Feedback

Here are 1-3 brief analogies for Host Hotels & Resorts (HST):

  • It's like Realty Income for luxury hotels.
  • It's the landlord behind some of Marriott and Hilton's most valuable hotels.
  • It's like Prologis for hotels.

AI Analysis | Feedback

  • Hotel Property Ownership: Host Hotels & Resorts primarily generates revenue through the ownership of luxury and upper-upscale hotel properties, which are managed by third-party brands.
  • Real Estate Investment (as a REIT): As a Real Estate Investment Trust (REIT), HST provides investors with a vehicle to invest in a diversified portfolio of income-producing hotel real estate.
  • Strategic Asset Management: The company engages in strategic asset management of its hotel portfolio, including capital allocation, renovations, and optimizing operator agreements, to enhance property value and generate returns.

AI Analysis | Feedback

Major Customers of Host Hotels & Resorts (HST)

Host Hotels & Resorts (HST) is a lodging real estate investment trust (REIT) that owns a portfolio of upscale and luxury hotels. It does not directly operate these hotels or sell rooms to individual guests. Instead, HST contracts with major hotel operating companies to manage its properties. These operating companies are the direct "customers" of Host Hotels & Resorts, as they lease or manage the properties and remit payments (such as rent, management fees, or a share of profits) to HST.

The major customer companies that manage properties for Host Hotels & Resorts include:

  • Marriott International (Symbol: MAR) - Marriott operates a significant portion of Host's hotel portfolio under various brands, including Marriott, The Ritz-Carlton, St. Regis, Westin, and Sheraton, among others.
  • Hilton Worldwide Holdings (Symbol: HLT) - Hilton manages a substantial number of Host's properties under brands such as Hilton, Embassy Suites, DoubleTree by Hilton, and Curio Collection by Hilton.
  • Hyatt Hotels Corporation (Symbol: H) - Hyatt also manages a portion of Host's upscale and luxury hotel assets.

AI Analysis | Feedback

  • Marriott International, Inc. (MAR)
  • Hilton Worldwide Holdings Inc. (HLT)
  • Hyatt Hotels Corporation (H)
  • Loews Hotels Holding Corporation
  • Four Seasons Hotels Limited
  • Aimbridge Hospitality
  • Remington Hotels

AI Analysis | Feedback

James F. Risoleo, President and Chief Executive Officer

Mr. Risoleo joined Host Hotels & Resorts in 1996 and has served as President and Chief Executive Officer since January 2017. Prior to his current role, he was Executive Vice President and Managing Director of European business activities and, in 2015, assumed leadership for all West Coast investment activities in addition to Europe. He also served as Executive Vice President and Chief Investment Officer from 2000 to 2011 and as 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 previously served as the non-executive Chairman of Cole Office & Industrial REIT, a public non-listed REIT, from 2015 to 2018.

Sourav Ghosh, Executive Vice President and Chief Financial Officer

Mr. Ghosh joined Host Hotels & Resorts in 2009 and has served as Executive Vice President and Chief Financial Officer since September 2020. His previous roles at Host include Executive Vice President, Strategy & Analytics, and Vice President, Global Business Intelligence & Portfolio Strategy. Prior to Host, Mr. Ghosh held several 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.

Nathan S. Tyrrell, Executive Vice President and Chief Investment Officer

Mr. Tyrrell joined Host Hotels & Resorts in 2005 and has served as Executive Vice President and Chief Investment Officer since 2017. He previously held various leadership positions within the company, 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, a publicly traded REIT, and in investment banking for Alex. Brown Realty, Inc.

Julie P. Aslaksen, Executive Vice President, General Counsel and Secretary

Ms. Aslaksen has served as Executive Vice President, General Counsel and Secretary since joining Host Hotels & Resorts in 2019. Her prior experience includes serving as Vice President and General Counsel at General Dynamics Information Technology, and as Staff Vice President, Deputy General Counsel and Assistant Secretary at General Dynamics Corporation.

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. Previously, he was Managing Director of Global Development, Design & Construction at Host. Prior to Host, Mr. Lentz served as Senior Vice President and Head of Global Development for Las Vegas Sands Corp., a global gaming company, and as Vice President of Project Development at Walt Disney Imagineering.

AI Analysis | Feedback

The key risks for Host Hotels & Resorts (HST) predominantly stem from its nature as a Real Estate Investment Trust (REIT) in the hospitality sector. The most significant risks include:

  1. Vulnerability to Economic Downturns and Fluctuations in Travel Demand: As an owner of luxury and upper-upscale hotels, Host Hotels & Resorts' financial performance is highly sensitive to economic conditions and overall travel demand. Economic uncertainties, shifts in consumer sentiment, and external events significantly impact hotel occupancy, average daily rates, and revenue per available room (RevPAR). For instance, the COVID-19 pandemic severely impacted the company's revenue, demonstrating its extreme sensitivity to economic disruptions. Furthermore, ongoing changes in business travel patterns, influenced by factors like online meetings and remote work, continue to affect the sector.

  2. Exposure to Rising Interest Rates and Reliance on External Capital: Host Hotels & Resorts carries a notable amount of debt, with approximately 20% of its debt subject to floating interest rates as of December 31, 2024. An increase in interest rates would lead to higher interest expenses, thereby reducing cash flow available for other corporate purposes, including property investments. As a REIT, the company is legally required to distribute at least 90% of its taxable income to shareholders, which means it largely depends on external sources of capital to finance future growth and repay debt. Elevated interest rates could also hinder its ability to refinance existing indebtedness when it matures.

  3. High Labor Costs and Dependence on Third-Party Hotel Management: Host Hotels & Resorts relies on independent management companies (such as Marriott, Hyatt, and Hilton) to operate its diverse portfolio of hotels. While this strategy provides operational expertise, it makes the company highly dependent on these brands and their operational efficiencies. Additionally, labor costs represent a significant expense within the hospitality industry. Rising wage growth can negatively impact hotel margins, even though Host does not directly manage hotel employees. The company remains subject to various costs and risks associated with the hotel labor force, including those stemming from unionized labor at some properties.

AI Analysis | Feedback

The permanent shift towards remote and hybrid work models, significantly reducing demand for traditional business travel, corporate meetings, and large group events. Host Hotels & Resorts owns a portfolio of upscale and luxury hotels, many of which are heavily reliant on these segments in major urban markets. This trend, which accelerated during the pandemic and has shown signs of becoming a sustained behavioral and corporate policy change, threatens to structurally lower occupancy rates and average daily rates (ADRs) for these properties, impacting the REIT's revenue and asset valuations.

AI Analysis | Feedback

Host Hotels & Resorts (symbol: HST) primarily operates in the luxury and upper-upscale segments of the hospitality market. The company owns hotel properties predominantly in the United States, with a smaller presence in other international markets like Brazil and Canada.

The addressable markets for their main products and services can be sized as follows:

  • U.S. Luxury and Upper-Upscale Hotel Market: The U.S. hotels market size was estimated at USD 263.21 billion in 2024. The luxury and upscale segment collectively accounted for approximately 61% of this market in 2024. Therefore, the addressable market for Host Hotels & Resorts within the U.S. luxury and upper-upscale hotel segment was approximately USD 160.56 billion in 2024. This segment is projected to grow significantly, with the overall U.S. hotel market expected to reach USD 395.69 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.1% from 2025 to 2030.
  • U.S. Hospitality Market (Broader Context): The overall United States hospitality market is valued at USD 247.45 billion in 2025 and is forecast to reach USD 313.87 billion by 2030, advancing at a 4.9% CAGR. Another estimate pegs the United States Hospitality Market at USD 1270.04 billion in 2024, projected to reach USD 1989.6 billion by 2033, growing at a CAGR of 5.11%.
  • Global Luxury Hotel Market: The global luxury hotel market size was valued at USD 114.2 billion in 2024 and is estimated to reach USD 157.7 billion by 2033, exhibiting a CAGR of 3.61% during the period of 2025-2033. Other estimates place the global luxury hotel market size at USD 115.2 billion in 2024, projected to reach approximately USD 214.4 billion by 2033, growing at a CAGR of 7.1%. North America currently dominates the global luxury hotel market, holding over 37.1% of the market share in 2024.

AI Analysis | Feedback

Host Hotels & Resorts (HST) is expected to drive future revenue growth over the next 2-3 years through several key strategies: * Continued Growth in Comparable Hotel RevPAR: Host Hotels & Resorts anticipates continued growth in comparable hotel Revenue Per Available Room (RevPAR), with full-year 2025 guidance projecting an increase of 1.5%-2.5% over 2024. This growth is expected to be fueled by strong transient demand and higher rates. * Robust Leisure Transient Demand: The company is benefiting from strong leisure transient demand, particularly in key luxury and upper-upscale markets such as Maui, Miami, and New York. This trend is driving higher rates and increased room nights at their resorts. The recovery in Maui, for instance, has shown significant RevPAR growth. * Strengthening Group Business and Ancillary Spending: Host Hotels & Resorts is seeing positive momentum in its group business, with growth in group room nights and total group revenue pace for both 2025 and 2026. Additionally, increased ancillary spend, including banquet and catering contributions, and growth in other revenues like golf and spa services, is a notable driver, indicating that high-end consumers are prioritizing spending on premium experiences. * Portfolio Reinvestment and Strategic Renovations: The company is actively undertaking comprehensive and transformational renovations across its portfolio to enhance property appeal and drive higher revenue. Examples include completed renovations at the Grand Hyatt, Atlanta, and new agreements with major brands like Marriott for further property enhancements. These investments are aimed at improving portfolio quality and strengthening its competitive position.

AI Analysis | Feedback

Share Repurchases

  • Since 2022, Host Hotels & Resorts repurchased 32.4 million shares at an average price of $16.03, totaling $520 million.
  • As of Q1 2025, the company had repurchased $415 million of stock at an average price of $16.16 per share since 2022.
  • As of late 2023, Host H&R had repurchased $181 million worth of its own shares at an average price of $15.93 per share, with $792 million remaining under the authorized share buyback limit.

Share Issuance

  • In 2021, Host Hotels & Resorts issued new shares to raise capital.
  • In May 2025, Host Hotels & Resorts, L.P. priced $500 million of 5.700% Series M Senior Notes due 2032. The net proceeds were approximately $490 million and were planned to redeem outstanding Series E senior notes due 2025.
  • In 2024, Host Hotels issued $900 million of senior notes.

Outbound Investments

  • In May 2024, Host Hotels & Resorts agreed to acquire the 450-room Turtle Bay Resort on Oahu, Hawaii, including a 49-acre land parcel, for approximately $680 million (net of key money), or $725 million overall. The acquisition was expected to close in late July 2024.
  • In 2024, Host Hotels invested over $1.5 billion in the acquisition of four hotels, including The Ritz-Carlton O'ahu, Turtle Bay, 1 Hotel Central Park, 1 Hotel Nashville, and Embassy Suites by Hilton Nashville Downtown.
  • Since 2018, the company has disposed of approximately $5.1 billion of hotels at a blended 17.2 times EBITDA multiple, including estimated foregone capital expenditures of $1 billion, compared to $4.9 billion of acquisitions over the same period at a blended 13.6 times EBITDA multiple.

Capital Expenditures

  • Host Hotels & Resorts' capital expenditure guidance for the full year 2025 is $605 million to $640 million, including $75 million to $80 million for property damage reconstruction and $280 million to $295 million for redevelopment. This also includes an expected spend of $80 million to $85 million for condominium development at the Four Seasons Resort Orlando.
  • In 2024, the company reinvested $548 million in its portfolio through capital expenditures and resiliency investments.
  • The primary focus of capital expenditures includes multi-year, comprehensive renovation programs such as the Marriott Transformational Capital Program (MTCP) and Hyatt Transformational Capital Program (HTCP) for numerous hotels, aimed at increasing RevPAR index share and elevating EBITDA growth. Additionally, in Q3 2025, Host entered a second transformational capital program with Marriott for four properties, expecting to spend $300 million to $350 million through 2029.

Better Bets than Host Hotels & Resorts (HST)

Trade Ideas

Select ideas related to HST. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-0.1%-0.1%-5.8%
HST_4302020_Dip_Buyer_ValueBuy04302020HSTHost Hotels & ResortsDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-14.5%47.5%-23.2%

Recent Active Movers

More From Trefis

Peer Comparisons for Host Hotels & Resorts

Peers to compare with:

Financials

HSTHPQHPEIBMCSCOAAPLMedian
NameHost Hot.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price18.4423.2624.49305.0978.16273.4051.32
Mkt Cap12.721.932.6284.9309.24,074.4158.8
Rev LTM5,93955,29534,29665,40257,696408,62556,496
Op Inc LTM8083,6241,64411,54412,991130,2147,584
FCF LTM6712,80062711,85412,73396,1847,327
FCF 3Y Avg8242,9781,40011,75313,879100,5037,366
CFO LTM1,2983,6972,91913,48313,744108,5658,590
CFO 3Y Avg1,4223,6723,89613,49814,736111,5598,697

Growth & Margins

HSTHPQHPEIBMCSCOAAPLMedian
NameHost Hot.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM6.5%3.2%13.8%4.5%8.9%6.0%6.2%
Rev Chg 3Y Avg8.6%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q0.9%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM0.2%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM13.6%6.6%4.8%17.7%22.5%31.9%15.6%
Op Mgn 3Y Avg14.0%7.4%7.2%16.4%24.2%30.8%15.2%
QoQ Delta Op Mgn LTM-0.2%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM21.9%6.7%8.5%20.6%23.8%26.6%21.2%
CFO/Rev 3Y Avg25.6%6.8%12.7%21.4%26.1%28.4%23.5%
FCF/Rev LTM11.3%5.1%1.8%18.1%22.1%23.5%14.7%
FCF/Rev 3Y Avg14.8%5.5%4.6%18.6%24.6%25.6%16.7%

Valuation

HSTHPQHPEIBMCSCOAAPLMedian
NameHost Hot.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap12.721.932.6284.9309.24,074.4158.8
P/S2.10.41.04.45.410.03.2
P/EBIT12.56.819.925.122.531.321.2
P/E17.28.6572.736.029.941.033.0
P/CFO9.85.911.221.122.537.516.2
Total Yield10.8%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield4.9%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg7.0%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.40.50.70.20.10.00.3
Net D/E0.40.30.60.20.00.00.3

Returns

HSTHPQHPEIBMCSCOAAPLMedian
NameHost Hot.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn3.9%-1.8%14.4%0.6%2.7%-1.5%1.7%
3M Rtn6.3%-11.9%2.7%7.9%17.0%7.1%6.7%
6M Rtn19.9%-4.0%34.5%6.6%15.2%36.3%17.6%
12M Rtn6.6%-27.3%14.2%39.2%33.7%6.0%10.4%
3Y Rtn33.7%-3.8%67.7%139.0%79.5%113.4%73.6%
1M Excs Rtn1.2%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn2.0%-16.2%-1.7%3.6%12.7%2.8%2.4%
6M Excs Rtn7.6%-16.3%22.3%-5.7%3.0%24.0%5.3%
12M Excs Rtn-8.1%-42.9%-0.7%25.0%19.9%-8.4%-4.4%
3Y Excs Rtn-53.6%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Hotel ownership5,311    
Food and beverage 1,4186744261,647
Other 475358218391
Rooms 3,0141,8589763,431
Total5,3114,9072,8901,6205,469


Net Income by Segment
$ Mil20242023202220212020
Hotel ownership752    
Total752    


Price Behavior

Price Behavior
Market Price$18.44 
Market Cap ($ Bil)12.7 
First Trading Date04/06/1983 
Distance from 52W High-1.1% 
   50 Days200 Days
DMA Price$17.37$15.91
DMA Trendupup
Distance from DMA6.2%15.9%
 3M1YR
Volatility26.6%30.0%
Downside Capture20.69101.38
Upside Capture45.7392.99
Correlation (SPY)26.5%66.0%
HST Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.570.700.700.921.051.07
Up Beta0.691.191.371.421.201.11
Down Beta1.110.760.630.780.900.94
Up Capture135%66%56%85%93%101%
Bmk +ve Days12253873141426
Stock +ve Days9192856116383
Down Capture-2%48%54%77%105%104%
Bmk -ve Days7162452107323
Stock -ve Days10213267129358

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of HST With Other Asset Classes (Last 1Y)
 HSTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return7.1%2.7%17.8%72.1%8.6%4.4%-8.3%
Annualized Volatility29.9%16.8%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.23-0.010.722.700.340.09-0.08
Correlation With Other Assets 56.8%65.9%-7.0%26.9%61.3%24.1%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of HST With Other Asset Classes (Last 5Y)
 HSTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return8.9%5.3%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility31.2%19.1%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.320.190.700.970.500.160.57
Correlation With Other Assets 50.2%60.5%3.8%22.9%55.9%28.1%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of HST With Other Asset Classes (Last 10Y)
 HSTSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return5.6%6.3%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility34.5%20.6%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.250.270.710.860.320.220.90
Correlation With Other Assets 54.3%59.1%-4.5%26.5%60.3%17.2%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity34,807,360
Short Interest: % Change Since 11302025-1.1%
Average Daily Volume8,055,221
Days-to-Cover Short Interest4.32
Basic Shares Quantity687,500,000
Short % of Basic Shares5.1%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/5/20256.8%11.4%5.5%
7/30/2025-2.5%-5.1%7.2%
4/30/20252.9%3.4%9.7%
2/19/2025-1.9%-6.3%-12.4%
11/6/20240.1%0.1%4.5%
7/31/2024-4.3%-8.5%0.8%
5/1/2024-2.1%-3.2%-4.8%
2/21/20242.2%2.1%4.7%
...
SUMMARY STATS   
# Positive111216
# Negative13128
Median Positive2.8%3.4%5.1%
Median Negative-2.5%-6.1%-12.7%
Max Positive6.8%16.7%42.4%
Max Negative-7.4%-10.9%-38.1%

SEC Filings

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Report DateFiling DateFiling
93020251107202510-Q 9/30/2025
6302025801202510-Q 6/30/2025
3312025502202510-Q 3/31/2025
12312024226202510-K 12/31/2024
93020241108202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024503202410-Q 3/31/2024
12312023228202410-K 12/31/2023
93020231106202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023505202310-Q 3/31/2023
12312022222202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021224202210-K 12/31/2021