Host Hotels & Resorts Inc Dossier
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SectorReal Estate IndustryREIT - Hotel & Motel Beta (adjusted)1.07 Intrinsic Value $15.78median of 1 methodbased on filings through 30 Jun 2026 Market Price $22.51Price as of 1 Oct 2026 OvervaluedIntrinsic value is 30% below the market price −50% · IV below pricenear fair value ±15%IV above price · +50% Data confidence Sign in to view data confidence Market Cap $15.6B Enterprise Value $15B Shares Outstanding 685.5M diluted Next Earnings Date4 Nov 2026 Last ex-dividend30 Jun 2026 All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference. ThesisStreet consensus, scenarios, merits, risks, and invalidation triggers Thesis Summary Host entered the second half of 2026 with strong operating momentum: second-quarter comparable hotel RevPAR increased 7.0%, comparable hotel EBITDA margin expanded to 31.9%, and management raised full-year RevPAR growth guidance to 4.75%-5.25%. Rate-led growth, healthy group demand and broad geographic diversification support the operating case. This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today. Street view · analyst 12-month targets Low · most bearish analyst$21.00 Mean target$25.12 High · most bullish analyst$29.00 Street targets sit above today's price; our intrinsic value sits below it. Different horizons, different questions. Our research · scenarios, merits, risks, and invalidation triggersResearch as of 2 Sep 2026 Scenarios · 12-month scenario targets Bear CaseDownside scenario $21.0020% Event-related demand benefits fade faster than expected, leisure or group demand weakens, and wage costs exceed room-rate growth, causing comparable RevPAR growth or hotel EBITDA margin to fall below management's guidance. Weather-related disruption and uneven performance in weaker markets add downside risk. Base CaseCentral scenario $25.1255% Matches the consensus meanComparable RevPAR growth finishes within management's 4.75%-5.25% range and comparable hotel EBITDA margin remains near the guided 29.6%-29.7% range. Healthy leisure and group demand offset wage inflation and moderating second-half comparisons. Bull CaseUpside scenario $29.0025% Demand remains stronger than management's raised outlook, with affluent leisure travel, group business and completed asset renovations sustaining rate-led growth above the 5.25% upper end of full-year comparable RevPAR guidance while margins remain above the guided range. Scenarios are anchored to street consensus at the research date, with our probabilities and rationale. Key Investment Merits
Key Investment Risks
All scenarios are estimates and subject to change. Past performance is not indicative of future results. Quality Pillars MembersThis section is available to registered members. Create a free account or sign in to unlock the full breakdown. Explore this dossierValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework. |