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Host Hotels & Resorts

NYSE:HST
Snowflake Description

Solid track record, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
HST
NYSE
$14B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

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 last earnings update was 19 days ago. More info.


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HST Share Price and Events
7 Day Returns
-0.5%
NYSE:HST
1.2%
US REITs
1.6%
US Market
1 Year Returns
-10.4%
NYSE:HST
15.2%
US REITs
2.6%
US Market
HST Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Host Hotels & Resorts (HST) -0.5% 2.6% -3.1% -10.4% 25% -11.5%
US REITs 1.2% 2.9% 3.3% 15.2% 13.3% 25.8%
US Market 1.6% -1.7% 2.1% 2.6% 38.5% 41.4%
1 Year Return vs Industry and Market
  • HST underperformed the REITs industry which returned 15.2% over the past year.
  • HST underperformed the Market in United States of America which returned 2.6% over the past year.
Price Volatility
HST
Industry
5yr Volatility vs Market

HST Value

 Is Host Hotels & Resorts undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Host Hotels & Resorts to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Host Hotels & Resorts.

NYSE:HST Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 17 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:HST
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.53
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.531 (1 + (1- 21%) (31.59%))
0.775
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:HST using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

The calculations below outline how an intrinsic value for Host Hotels & Resorts is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Host Hotels & Resorts is a Real Estate Investment Trust (REIT), we use funds from operations (FFO) or adjusted funds from operations (AFFO) instead of levered free cash flow for REITs. This excludes depreciation and borrowing. Ideally analysts estimates of AFFO are used, where these aren't available we use FFO.

NYSE:HST DCF 1st Stage: Next 10 year cash flow forecast
Adjusted Funds From Operations (AFFO) (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 1,061.50 Analyst x4 987.46
2020 1,081.50 Analyst x4 935.89
2021 1,081.00 Analyst x1 870.21
2022 1,096.72 Est @ 1.45% 821.28
2023 1,116.86 Est @ 1.84% 778.03
2024 1,140.37 Est @ 2.1% 739.00
2025 1,166.51 Est @ 2.29% 703.21
2026 1,194.78 Est @ 2.42% 670.02
2027 1,224.84 Est @ 2.52% 638.96
2028 1,256.43 Est @ 2.58% 609.73
Present value of next 10 years cash flows $7,753.79
NYSE:HST DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $1,256.43 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$27,070.79
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $27,070.79 ÷ (1 + 7.5%)10
$13,137.03
NYSE:HST Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $7,753.79 + $13,137.03
$20,890.82
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $20,890.82 / 748.66
$28.21
NYSE:HST Discount to Share Price
Calculation Result
Value per share (USD) From above. $28.21
Current discount Discount to share price of $19.18
= -1 x ($19.18 - $28.21) / $28.21
32%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Host Hotels & Resorts is available for.
Intrinsic value
32%
Share price is $19.18 vs Future cash flow value of $28.21
Current Discount Checks
For Host Hotels & Resorts to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Host Hotels & Resorts's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Host Hotels & Resorts's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Host Hotels & Resorts's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Host Hotels & Resorts's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:HST PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $1.38
NYSE:HST Share Price ** NYSE (2019-05-21) in USD $19.18
United States of America REITs Industry PE Ratio Median Figure of 155 Publicly-Listed REITs Companies 32.75x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.74x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Host Hotels & Resorts.

NYSE:HST PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:HST Share Price ÷ EPS (both in USD)

= 19.18 ÷ 1.38

13.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Host Hotels & Resorts is good value based on earnings compared to the US REITs industry average.
  • Host Hotels & Resorts is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Host Hotels & Resorts's expected growth come at a high price?
Raw Data
NYSE:HST PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 13.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts
-11.6%per year
United States of America REITs Industry PEG Ratio Median Figure of 141 Publicly-Listed REITs Companies 2.58x
United States of America Market PEG Ratio Median Figure of 2,123 Publicly-Listed Companies 1.53x

*Line of best fit is calculated by linear regression .

NYSE:HST PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 13.92x ÷ -11.6%

-1.2x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Host Hotels & Resorts earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Host Hotels & Resorts's assets?
Raw Data
NYSE:HST PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $10.14
NYSE:HST Share Price * NYSE (2019-05-21) in USD $19.18
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.89x
United States of America Market PB Ratio Median Figure of 5,202 Publicly-Listed Companies 1.84x
NYSE:HST PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:HST Share Price ÷ Book Value per Share (both in USD)

= 19.18 ÷ 10.14

1.89x

* Primary Listing of Host Hotels & Resorts.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Host Hotels & Resorts is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess Host Hotels & Resorts's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. Host Hotels & Resorts has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

HST Future Performance

 How is Host Hotels & Resorts expected to perform in the next 1 to 3 years based on estimates from 17 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-11.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Host Hotels & Resorts expected to grow at an attractive rate?
  • Host Hotels & Resorts's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Host Hotels & Resorts's earnings are expected to decrease over the next 1-3 years, this is below the United States of America market average.
  • Host Hotels & Resorts's revenues are expected to decrease over the next 1-3 years, this is below the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:HST Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:HST Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 17 Analysts -11.6%
NYSE:HST Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 17 Analysts -0.3%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 5.9%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.8%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:HST Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:HST Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 1,274
2021-12-31 5,533 1,283 513 6
2020-12-31 5,633 1,390 625 17
2019-12-31 5,605 1,357 651 16
NYSE:HST Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 5,593 1,259 1,020
2018-12-31 5,554 1,300 1,087
2018-09-30 5,543 1,304 876
2018-06-30 5,496 1,270 658
2018-03-31 5,418 1,266 659
2017-12-31 5,417 1,230 564
2017-09-30 5,401 1,254 598
2017-06-30 5,446 1,306 601
2017-03-31 5,465 1,295 738
2016-12-31 5,451 1,302 762
2016-09-30 5,480 1,272 799
2016-06-30 5,465 1,221 777

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Host Hotels & Resorts's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Host Hotels & Resorts's revenue is expected to decrease over the next 1-3 years, this is not considered high growth.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:HST Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below

All data from Host Hotels & Resorts Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HST Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31 0.81 0.81 0.81 1.00
2021-12-31 0.74 0.81 0.69 3.00
2020-12-31 0.84 0.97 0.72 9.00
2019-12-31 0.88 0.90 0.83 8.00
NYSE:HST Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 1.38
2018-12-31 1.47
2018-09-30 1.18
2018-06-30 0.89
2018-03-31 0.89
2017-12-31 0.76
2017-09-30 0.81
2017-06-30 0.81
2017-03-31 1.00
2016-12-31 1.03
2016-09-30 1.07
2016-06-30 1.04

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Host Hotels & Resorts is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Host Hotels & Resorts's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Host Hotels & Resorts has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

HST Past Performance

  How has Host Hotels & Resorts performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Host Hotels & Resorts's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Host Hotels & Resorts's year on year earnings growth rate has been positive over the past 5 years.
  • Host Hotels & Resorts's 1-year earnings growth exceeds its 5-year average (54.8% vs 11.1%)
  • Host Hotels & Resorts's earnings growth has exceeded the US REITs industry average in the past year (54.8% vs 16%).
Earnings and Revenue History
Host Hotels & Resorts's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Host Hotels & Resorts Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:HST Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 5,593.00 1,020.00 105.00
2018-12-31 5,554.00 1,087.00 104.00
2018-09-30 5,543.00 876.00 101.00
2018-06-30 5,496.00 658.00 101.00
2018-03-31 5,418.00 659.00 98.00
2017-12-31 5,417.00 564.00 98.00
2017-09-30 5,401.00 598.00 92.00
2017-06-30 5,446.00 601.00 96.00
2017-03-31 5,465.00 738.00 97.00
2016-12-31 5,451.00 762.00 96.00
2016-09-30 5,480.00 799.00 107.00
2016-06-30 5,465.00 777.00 100.00
2016-03-31 5,424.00 642.00 96.00
2015-12-31 5,426.00 558.00 94.00
2015-09-30 5,361.00 649.00 76.00
2015-06-30 5,366.00 708.00 86.00
2015-03-31 5,375.00 651.00 92.00
2014-12-31 5,346.00 732.00 104.00
2014-09-30 5,356.00 533.00 116.00
2014-06-30 5,273.00 392.00 120.00
2014-03-31 5,243.00 351.00 120.00
2013-12-31 5,164.00 202.00 121.00
2013-09-30 5,482.00 154.00 116.00
2013-06-30 5,429.00 113.00 112.00
2013-03-31 5,341.00 77.00 104.00
2012-12-31 5,061.00 -10.00 107.00
2012-09-07 5,042.00 3.00 117.00
2012-06-15 5,010.00 7.00 97.00

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Host Hotels & Resorts has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Host Hotels & Resorts used its assets more efficiently than the US REITs industry average last year based on Return on Assets.
  • Host Hotels & Resorts has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Host Hotels & Resorts's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Host Hotels & Resorts has a total score of 5/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

HST Health

 How is Host Hotels & Resorts's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Host Hotels & Resorts's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Host Hotels & Resorts is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Host Hotels & Resorts's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Host Hotels & Resorts's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Host Hotels & Resorts Company Filings, last reported 1 month ago.

NYSE:HST Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 7,667.00 4,487.00 1,082.00
2018-12-31 7,694.00 3,837.00 1,542.00
2018-09-30 7,565.00 4,079.00 1,269.00
2018-06-30 7,339.00 4,228.00 646.00
2018-03-31 7,284.00 4,266.00 323.00
2017-12-31 7,169.00 3,954.00 913.00
2017-09-30 7,265.00 3,961.00 789.00
2017-06-30 7,297.00 3,992.00 644.00
2017-03-31 7,227.00 3,988.00 411.00
2016-12-31 7,198.00 3,649.00 372.00
2016-09-30 7,268.00 3,752.00 340.00
2016-06-30 7,361.00 3,715.00 266.00
2016-03-31 7,217.00 3,961.00 234.00
2015-12-31 7,247.00 3,867.00 221.00
2015-09-30 7,136.00 4,278.00 265.00
2015-06-30 7,448.00 4,053.00 262.00
2015-03-31 7,514.00 3,968.00 485.00
2014-12-31 7,593.00 3,957.00 684.00
2014-09-30 7,554.00 4,012.00 387.00
2014-06-30 7,595.00 4,030.00 440.00
2014-03-31 7,545.00 4,093.00 392.00
2013-12-31 7,452.00 4,759.00 861.00
2013-09-30 7,437.00 4,560.00 354.00
2013-06-30 7,382.00 4,724.00 393.00
2013-03-31 7,285.00 5,534.00 1,075.00
2012-12-31 7,017.00 5,411.00 417.00
2012-09-07 7,101.00 5,495.00 254.00
2012-06-15 7,137.00 5,226.00 465.00
  • Host Hotels & Resorts's level of debt (58.5%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (54.2% vs 58.5% today).
  • Debt is well covered by operating cash flow (28.1%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 5.5x coverage).
X
Financial health checks
We assess Host Hotels & Resorts's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Host Hotels & Resorts has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

HST Dividends

 What is Host Hotels & Resorts's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
4.43%
Current annual income from Host Hotels & Resorts dividends. Estimated to be 4.5% next year.
If you bought $2,000 of Host Hotels & Resorts shares you are expected to receive $89 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Host Hotels & Resorts's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Host Hotels & Resorts's dividend is above the markets top 25% of dividend payers in United States of America (3.72%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:HST Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 17 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 184 Stocks 3.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2003 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:HST Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31
2021-12-31 0.89 6.00
2020-12-31 0.87 16.00
2019-12-31 0.85 16.00
NYSE:HST Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-05-03 0.850 4.418
2019-05-01 0.850 4.325
2018-12-14 0.850 4.626
2018-11-05 0.850 4.524
2018-11-01 0.850 4.454
2018-06-14 0.850 4.105
2018-02-21 0.850 4.325
2017-12-14 0.850 4.217
2017-09-18 0.800 4.144
2017-06-15 0.800 4.385
2017-05-02 0.800 4.430
2017-04-28 0.800 4.409
2016-12-15 0.800 4.344
2016-09-15 0.800 4.903
2016-06-15 0.800 4.675
2016-04-29 0.800 5.125
2015-12-15 0.800 5.264
2015-09-14 0.800 4.784
2015-06-11 0.800 4.130
2015-05-01 0.800 3.991
2015-04-30 0.800 3.955
2014-12-04 0.800 3.623
2014-07-31 0.800 3.605
2014-05-14 0.600 2.696
2014-05-02 0.560 2.613
2014-05-01 0.560 2.606
2014-02-26 0.560 2.748
2014-02-19 0.560 2.868
2013-12-17 0.520 2.748
2013-09-16 0.480 2.623
2013-06-17 0.440 2.518
2013-02-20 0.400 2.283
2012-11-29 0.360 2.229
2012-09-17 0.320 2.104
2012-06-18 0.280 1.817
2012-03-08 0.240 1.515
2012-02-22 0.240 1.533
2012-02-14 0.240 1.486
2011-12-14 0.200 1.288
2011-09-19 0.160 1.253
2011-06-15 0.120 0.876
2011-03-17 0.080 0.468
2011-02-24 0.080 0.454
2011-02-15 0.080 0.431
2010-12-17 0.040 0.217
2010-09-16 0.040 0.252
2010-06-18 0.040 0.285
2010-03-16 0.040 0.269
2010-03-01 0.040 0.320
2010-02-17 0.040 0.342
2009-10-16 0.000 0.000
2009-10-14 0.000 0.000
2009-07-28 0.000 0.000
2009-07-22 0.000 0.000

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Whilst dividend payments have been stable, Host Hotels & Resorts has been paying a dividend for less than 10 years.
  • Dividend payments have increased, but Host Hotels & Resorts only paid a dividend in the past 9 years.
Current Payout to shareholders
What portion of Host Hotels & Resorts's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.3x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be thoroughly covered by earnings (1515.2x coverage).
X
Income/ dividend checks
We assess Host Hotels & Resorts's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Host Hotels & Resorts afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Host Hotels & Resorts has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

HST Management

 What is the CEO of Host Hotels & Resorts's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Jim Risoleo
COMPENSATION $7,981,175
AGE 62
TENURE AS CEO 2.3 years
CEO Bio

Mr. James F. Risoleo , also known as Jim, serves as the President, Chief Executive Officer and Member of the Board of Directors of Host Hotels & Resorts Inc Since January 2017. Mr. Risoleo has been an Independent Director of Cole Office & Industrial REIT (CCIT II), Inc. since August 2013 and served as its Non-Executive Chairman since June 2015 until August 2018. He joined Host Hotels & Resorts in 1996 as Senior Vice President for Acquisitions, and was appointed Executive Vice President and Chief Investment Officer in 2000. In January 2012, he became Executive Vice President and Managing Director of Host Hotels & Resorts’ (“Host”) European business activities and, in 2015, Mr. Risoleo assumed leadership for all of Host West Coast investment activities in addition to Europe. Prior to joining Host, he served as Vice President of Development for Interstate Hotels Corporation and as Senior Vice President, Commercial Real Estate of Westinghouse Financial Services. Mr. Risoleo received a B.S. from Duquesne University School of Business and a J.D. from Duquesne University School of Law.

CEO Compensation
  • Jim's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Jim's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Host Hotels & Resorts management team in years:

2.3
Average Tenure
56.5
Average Age
  • The tenure for the Host Hotels & Resorts management team is about average.
Management Team

Jim Risoleo

TITLE
President
COMPENSATION
$8M
AGE
62
TENURE
2.3 yrs

Michael Bluhm

TITLE
Executive VP & CFO
COMPENSATION
$4M
AGE
49
TENURE
1.5 yrs

Nate Tyrrell

TITLE
Executive VP & Chief Investment Officer
COMPENSATION
$3M
AGE
45
TENURE
2.3 yrs

Elizabeth Abdoo

TITLE
Executive VP
COMPENSATION
$3M
AGE
59
TENURE
17.9 yrs

Joanne Hamilton

TITLE
Executive Vice President of Human Resources
COMPENSATION
$2M
AGE
60
TENURE
9.3 yrs

Gee Lingberg

TITLE
Senior VP of Investor Relations & Treasurer

Jeff Clark

TITLE
Senior Vice President of Global Tax & Foreign JV Accounting

Sukhvinder Singh

TITLE
Senior Vice President of Information Technology

Mike Lentz

TITLE
Executive Vice President of Development
AGE
54
TENURE
3.2 yrs

Sourav Ghosh

TITLE
Head of Enterprise Analytics Group
TENURE
2.3 yrs
Board of Directors Tenure

Average tenure and age of the Host Hotels & Resorts board of directors in years:

6.2
Average Tenure
63
Average Age
  • The tenure for the Host Hotels & Resorts board of directors is about average.
Board of Directors

Richard Marriott

TITLE
Chairman of the Board
COMPENSATION
$903K
AGE
79
TENURE
26.3 yrs

Jim Risoleo

TITLE
President
COMPENSATION
$8M
AGE
62
TENURE
2.3 yrs

Gordon Smith

TITLE
Lead Independent Director
COMPENSATION
$294K
AGE
65
TENURE
0.2 yrs

Walt Rakowich

TITLE
Director
COMPENSATION
$326K
AGE
60
TENURE
7.2 yrs

Mary Baglivo

TITLE
Director
COMPENSATION
$307K
AGE
60
TENURE
5.8 yrs

Ann Korologos

TITLE
Director
COMPENSATION
$263K
AGE
76
TENURE
26.3 yrs

Jay Morse

TITLE
Director
COMPENSATION
$264K
AGE
71
TENURE
15.8 yrs

Sheila Bair

TITLE
Director
COMPENSATION
$287K
AGE
64
TENURE
6.6 yrs

Sandeep Mathrani

TITLE
Director
COMPENSATION
$242K
AGE
56
TENURE
2.8 yrs

Mary Preusse

TITLE
Director
COMPENSATION
$291K
AGE
49
TENURE
1.9 yrs
Who owns this company?
Recent Insider Trading
  • Host Hotels & Resorts insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
07. May 19 Sell Nathan Tyrrell Individual 06. May 19 06. May 19 -1,685 $19.73 $-33,239
07. Mar 19 Sell Michael Bluhm Individual 05. Mar 19 05. Mar 19 -18,360 $19.84 $-364,222
X
Management checks
We assess Host Hotels & Resorts's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Host Hotels & Resorts has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

HST News

Simply Wall St News

Why Host Hotels & Resorts, Inc. (NYSE:HST) Is A Dividend Rockstar

(NYSE:HST) be an attractive dividend share to own for the long haul? Investors are often drawn to strong companies with the idea of reinvesting the dividends. Yet sometimes, investors buy a stock for its dividend and lose money because the share price falls by more than they earned in dividend payments. With a nine-year payment history and a 4.4% yield, many investors probably find Host Hotels &amp; Resorts intriguing. It sure looks interesting on these metrics - but there's always more to the story . Before you buy any stock for its dividend however, you should always remember Warren Buffett's two rules: 1) Don't lose money, and 2) Remember rule #1. … Looking at the last decade of data, we can see that Host Hotels &amp; Resorts paid its first dividend at least nine years ago. … It's good to see Host Hotels &amp; Resorts has been growing its earnings per share at 38% a year over the past 5 years.

Simply Wall St -

Here's Why I Think Host Hotels & Resorts (NYSE:HST) Is An Interesting Stock

Host Hotels & Resorts's Earnings Per Share Are Growing. … I note that Host Hotels & Resorts's revenue from operations was lower than its revenue in the last twelve months, so that could distort my analysis of its margins. … Host Hotels & Resorts maintained stable EBIT margins over the last year, all while growing revenue 2.5% to US$5.6b.

Simply Wall St -

What You Need To Know Before Investing In Host Hotels & Resorts, Inc. (NYSE:HST)

Host Hotels & Resorts, Inc. … real estate investment trust (REIT) based in Bethesda, United States. … See our latest analysis for Host Hotels & Resorts.

Simply Wall St -

Is It Too Late To Consider Buying Host Hotels & Resorts, Inc. (NYSE:HST)?

Today we're going to take a look at the well-established Host Hotels & Resorts, Inc. … As a large-cap stock with high coverage by analysts, you could assume any recent changes in the company’s outlook is already priced into the stock? … Let’s examine Host Hotels & Resorts’s valuation and outlook in more detail to determine if there’s still a bargain opportunity.

Simply Wall St -

It's Time To Buy Host Hotels & Resorts, Inc. (NYSE:HST)

This is the best time to buy stocks like Host Hotels & Resorts, Inc. … Check out our latest analysis for Host Hotels & Resorts. … 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

Simply Wall St -

Host Hotels & Resorts, Inc. (NYSE:HST) Has Attractive Fundamentals

I've been keeping an eye on Host Hotels & Resorts, Inc. … Looking at the company as a whole, as a potential stock investment, I believe HST has a lot to offer. … , dividend-paying company with a

Simply Wall St -

Should You Be Worried About Insider Transactions At Host Hotels & Resorts, Inc. (NYSE:HST)?

So before you buy or sell Host Hotels & Resorts, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.'. … The Last 12 Months Of Insider Transactions At Host Hotels & Resorts.

Simply Wall St -

Is Host Hotels & Resorts, Inc.'s (NYSE:HST) ROE Of 12% Impressive?

To keep the lesson grounded in practicality, we'll use ROE to better understand Host Hotels & Resorts, Inc. … Our data shows Host Hotels & Resorts has a return on equity of 12% for the last year. … Return on Equity = Net Profit ÷ Shareholders' Equity

Simply Wall St -

Is Now An Opportune Moment To Examine Host Hotels & Resorts, Inc. (NYSE:HST)?

saw significant share price movement during recent months on the NYSE, rising to highs of $21.57 and falling to the lows of $17.32. … A question to answer is whether Host Hotels & Resorts's current trading price of $17.32 reflective of the actual value of the? … Let’s take a look at Host Hotels & Resorts’s outlook and value based on the most recent financial data to see if there are any catalysts for a price change

Simply Wall St -

Is Host Hotels & Resorts Inc (NYSE:HST) Potentially Underrated?

Host Hotels & Resorts Inc (NYSE:HST) is a stock with outstanding fundamental characteristics. … When we build an investment case, we need to look at the stock with a holistic perspective. … In the case of HST, it

Simply Wall St -

HST Company Info

Description

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 87 properties in the United States and five properties internationally totaling approximately 51,500 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, St. Regis, The Luxury Collection, Hyatt, Fairmont, Hilton, Swissôtel, ibis and Novotel, as well as independent brands in the operation of properties in over 50 major markets.

Details
Name: Host Hotels & Resorts, Inc.
HST
Exchange: NYSE
Founded: 1927
$14,202,022,549
$14,210,339,957
748,656,961
Website: http://www.hosthotels.com
Address: Host Hotels & Resorts, Inc.
6903 Rockledge Drive,
Suite 1500,
Bethesda,
Maryland, 20817,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE HST Common Stock New York Stock Exchange US USD 26. Aug 1968
DB HMT Common Stock Deutsche Boerse AG DE EUR 26. Aug 1968
LSE 0J66 Common Stock London Stock Exchange GB USD 26. Aug 1968
Number of employees
Current staff
Staff numbers
184
Host Hotels & Resorts employees.
Industry
Hotel and Resort REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/22 03:26
End of day share price update: 2019/05/21 00:00
Last estimates confirmation: 2019/05/18
Last earnings filing: 2019/05/03
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.