# Host Hotels & Resorts, Inc. (HST)

> Source: Nexqual · https://nexqual.com/HST · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Host Hotels & Resorts, Inc. (HST), nexqual.com/HST" · informational, not investment advice.

**Price:** USD 24.87 (-0.88% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 25.09 · day 24.59–25.29 · 52w 15.61–25.71 · market cap $17.3B · NMS

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $6.22B, net income $1.03B (16.5% margin), free cash flow $1.33B (SEC filings).
- Valuation: P/E 16.8x (avg 17.5x at the last 3 fiscal year-ends).
- Insider open-market sales, last ~7 months: 5 Form 4 filings, $4.5M; 4 not under a Rule 10b5-1 plan ($4.4M); 1 by opportunistic insiders (0 outside 10b5-1 plans), 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.33 on a 1–5 scale) (21 analysts), mean target USD 25.64 (range 23–29).
- Total return with dividends: 1Y +61.4% vs S&P 500 +14.9%; 5Y +88.6% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.09, revenue estimate $1.36B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.89B | $4.91B | $5.31B | $5.68B | $6.11B | $6.22B |
| Operating income | -$250M | $775M | $827M | $875M | $855M | $905M |
| Net income | -$11.0M | $633M | $740M | $697M | $765M | $1.03B |
| EPS (diluted) | -$0.02 | $0.88 | $1.04 | $0.99 | $1.10 | — |
| Free cash flow | -$1.0M | $1.11B | $1.25B | $1.24B | $1.23B | $1.33B |
| Operating margin | -8.7% | 15.8% | 15.6% | 15.4% | 14.0% | 14.6% |
| Net margin | -0.4% | 12.9% | 13.9% | 12.3% | 12.5% | 16.5% |
| Revenue growth | +78.4% | +69.8% | +8.2% | +7.0% | +7.6% | — |
| Cash + short-term investments | $807M | $667M | $1.14B | $554M | $768M | — |
| Total debt | $436M | $758M | $746M | $896M | $1.27B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/E 16.8x · P/S 2.8x · P/FCF 13.0x · P/B 2.7x · FCF yield 7.70% · Earnings yield 5.94% · Dividend yield (paid, TTM) 3.77% · Buyback yield (TTM) 0.43%
P/E at fiscal year-ends: Dec 2025 16.1x, Dec 2024 17.7x, Dec 2023 18.8x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
1 of 5 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-21 | Lentz Michael E | EVP, Development, D&C | 56,757 | $1.3M | 17.1% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-08-19 | Tyrrell Nathan S | EVP, Ch. Investment Officer | 63,882 | $1.5M | 9.4% | No | Too little history (no open-market trades in 2024) |
| 2026-05-26 | Tyrrell Nathan S | EVP, Ch. Investment Officer | 15,569 | $358K | 2.2% | No | Too little history (no open-market trades in 2024) |
| 2026-05-26 | Rakowich Walter C | Director | 3,408 | $78K | 4.3% | Yes (adopted August 26, 2024) | Opportunistic (traded every year 2023–2025, no repeating month) |
| 2026-05-08 | Tyrrell Nathan S | EVP, Ch. Investment Officer | 58,579 | $1.3M | 7.7% | No | Too little history (no open-market trades in 2024) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Buy (mean 2.33 on a 1–5 scale), 21 analysts; mean target USD 25.64 (low 23, high 29).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | Barclays | Target raised | Equal-Weight | $24 → $25 |
| 2026-10-12 | Morgan Stanley | Target raised | Equal-Weight | $22 → $24 |
| 2026-09-10 | Truist Securities | Target raised | Buy | $24 → $27 |
| 2026-08-11 | Cantor Fitzgerald | Target raised | Neutral | $23 → $24 |
| 2026-07-28 | Evercore ISI Group | Target raised | In-Line | $24 → $25 |
| 2026-07-23 | Wells Fargo | Target raised | Overweight | $25 → $26 |
| 2026-07-21 | JP Morgan | Target raised | Neutral | $22 → $25 |
| 2026-07-21 | Barclays | Target raised | Equal-Weight | $23 → $24 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +61.4% | +88.6% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +61.7% | +13.5% |
| Volatility (annualized) | 24.7% | 29.3% |
| Max drawdown | -15.3% (Jul 2026→Sep 2026) | -33.2% (Feb 2024→Mar 2025) |

## Peers (REIT - Hotel & Motel)
RHP (Ryman Hospitality Properties, I) USD 131.26 +0.74% · APLE (Apple Hospitality REIT, Inc.) USD 18.16 +0.06% · PK (Park Hotels & Resorts Inc.) USD 16.66 -1.94% · DRH (Diamondrock Hospitality Company) USD 13.89 -0.39% · PEB (Pebblebrook Hotel Trust) USD 20.67 -2.04% · SHO (Sunstone Hotel Investors, Inc. ) USD 12.6 -0.08%

## More
Full page: https://nexqual.com/HST · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in HST's own 10-K filed 2026-02-25 (https://www.sec.gov/Archives/edgar/data/1070750/000107075026000054/hst-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | MARRIOTT VACATIONS WORLDWIDE Corp (VAC) | "We own a 67% interest in a joint venture with an affiliate of HV Global Group, a subsidiary of Marriott Vacations Worldwide Corporation, that owns a 131-unit vacation ownership development in Maui, Hawaii adjacent to our…" |
| Partner | Noble Investment Group | "We have made investments in joint ventures, such as our 2022 joint venture with Noble Investment Group, LLC, and are exploring further investment or development opportunities." |
| Partner | Walt Disney (DIS) | "In addition, subsequent to year end, we sold the Four Seasons Resort Orlando at Walt Disney World® Resort and the Four Seasons Resort and Residences Jackson Hole to BDT & MSD Partners for a sales price of $1.1 billion." |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Hotel | $1.59B | 96.8% | +0.1% |
| — Rooms (part of Hotel) | $954.0M | 58.2% | +0.5% |
| — Food and beverage (part of Hotel) | $484.0M | 29.5% | +1.3% |
| — Other (part of Hotel) | $149.0M | 9.1% | -6.3% |
| Condominium sales | $53.0M | 3.2% | — |
| Total revenue | $1.64B | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Domestic | $1.61B | 98.2% | +3.4% |
| Canada | $22.0M | 1.3% | +0.0% |
| Brazil | $8.0M | 0.5% | +14.3% |
| Total revenue | $1.64B | 100% | — |

## Company outlook (8-K filed 2026-08-05)

- "As a result, we are increasing our 2026 comparable hotel Total RevPAR and RevPAR growth guidance ranges to 4.75% to 5"

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.09 | $0.08 | +13.1% | $1.36B | 5 |
| Next quarter (ends 2026-12-31) | $0.22 | $0.23 | -4.8% | $1.51B | 5 |
| Current fiscal year (ends 2026-12-31) | $1.38 | $1.36 | +1.3% | $6.16B | 5 |
| Next fiscal year (ends 2027-12-31) | $1.05 | $1.02 | +3.1% | $6.17B | 6 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±6.9%; last 8 reports averaged ±3.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 30.7% | ±6.9% |
| 2026-12-18 | 56 | 31.1% | ±9.9% |
| 2027-01-15 | 84 | 29.0% | ±11.5% |
| 2027-04-16 | 175 | 34.5% | ±19.0% |