Host Hotels & Resorts, Inc. (HST) – Monthly Report
Publication Date: September 22, 2024
Company Overview
Host Hotels & Resorts, Inc. (HST), based in Bethesda, Maryland, is the largest lodging real estate investment trust (REIT) in the United States and a member of the S&P 500. Founded in 1993, HST manages a diverse portfolio of 76 properties domestically and five properties internationally, totaling approximately 43,400 rooms. The company prioritizes disciplined capital allocation and asset management while collaborating with esteemed brands such as Marriott, Ritz-Carlton, and Hilton, along with various independent labels. As a leading player in the hotel and resort sector, Host Hotels & Resorts presents significant investment opportunities within the real estate industry.
Financial Performance & Investment Recommendations
Recent market analysis indicates a bullish outlook for Host Hotels & Resorts, with analysts recommending a “buy” rating. The current market price of HST stands at $18.73, with ambitions for a target high price of $24.00, signaling considerable upside potential for investors. The company reported total revenue of approximately $5.48 billion, which aligns favorably with the optimistic price targets and reflects solid operational performance. Analyst consensus supports a target mean price of $20.61, with a median target of $21.00, reinforcing the anticipated price appreciation.
Short interest remains modest, with approximately 8.2% of the float shorted, suggesting relatively stable investor sentiment regarding the stock’s future performance. With 702,440,000 shares outstanding, HST’s float shares total 692,922,302. As market analysts maintain a positive outlook, the robust financial health of Host Hotels & Resorts positions it well for capitalizing on ongoing trends in the real estate sector.
Market Sentiment & Stock Performance
The current price of Host Hotels & Resorts is situated between its fifty-two week high of $21.31 and low of $14.92, reflecting resilient performance. Trading above its fifty-day moving average of $17.2102, the stock exhibits potential bullish momentum, underscoring the positive sentiment among investors. With 18 analysts contributing to the analysis and an average recommendation rating of 2.0 on a scale that indicates optimism, Host Hotels & Resorts is positioned as a promising investment option for those looking to tap into the lucrative real estate market.
In conclusion, with a strong financial performance, favorable market outlook, and positive analyst sentiment, Host Hotels & Resorts, Inc. presents itself as a viable investment opportunity in the evolving landscape of the REIT industry.
| Metric | Value |
|---|---|
| Market Cap | $26.8b |
| Total Debt | $5.0b |
| Total Cash | $805.0m |
| Shares Outstanding | 702.4m |
| Float Shares | 692.9m |
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