Host Hotels & Resorts
Owner and asset manager of luxury and upper-upscale hotels operated by hospitality brands.
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Profile
Owns luxury and upper-upscale hotels concentrated in the United States, earning revenue from rooms, food and beverage, and ancillary guest services. A single Hotel Ownership segment combines active property investment with third-party operations required by REIT rules.
Owns luxury and upper-upscale hotels in urban and resort markets, with most properties in the United States and a smaller presence in Canada and Brazil. A single Hotel Ownership segment earns revenue from rooms, food and beverage, and ancillary services including parking, golf, spas and resort fees. Properties carry Marriott, Ritz-Carlton, Westin, Hyatt, Hilton, Accor, 1 Hotels and independent flags.
Creates value through acquisitions, sales, renovations and active asset management while third-party operators handle daily hotel operations under long-term management or franchise agreements. Results depend on travel demand, property-level labor and costs, brand-manager execution and recurring property investment. REIT rules prevent direct hotel operation, so taxable subsidiaries contract with third-party managers.
Company facts
Key statistics
Year to date +22.6% · Average volume (30d) 9.3M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 23, 2026 | Wells Fargo | Reiterate | Overweight | $26 | |
| Jun 17, 2026 | Argus Research | Target | $20 | $27 | |
| Jun 12, 2026 | BMO Capital | Target | $27 | ||
| Jun 8, 2026 | Raymond James | Target | $23 | $27 | |
| Jun 4, 2026 | Stifel Nicolaus | Target | $23 | $26.25 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.34 | $0.35 | +2.9% | $1.62B | $1.64B | +1.5% | −6.96% |
| May 6, 2026Q1 FY26 | $0.36 | $0.67 | +87.4% | $1.59B | $1.65B | +3.2% | −0.05% |
| Feb 18, 2026Q4 FY25 | $0.19 | $0.51 | +165.3% | $1.50B | $1.60B | +7.2% | −0.94% |
| Nov 5, 2025Q3 FY25 | $0.33 | $0.35 | +6.1% | $1.49B | $1.33B | −10.5% | +6.85% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.59B | $1.59B | $1.33B | $1.60B | $1.65B | $1.64B | |
| Gross profit | $866.0M | $863.0M | $676.0M | $25.0M | $150.0M | $129.0M | |
| Operating income | $285.0M | $277.0M | $101.0M | $192.0M | $312.0M | $293.0M | |
| Net income | $248.0M | $221.0M | $161.0M | $135.0M | $494.0M | $237.0M | |
| Diluted EPS | $0.35 | $0.32 | $0.23 | $0.19 | $0.71 | $0.34 | |
| Gross margin | 54.3% | 54.4% | 50.8% | 1.6% | 9.1% | 7.9% | |
| Operating margin | 17.9% | 17.5% | 7.6% | 12.0% | 19.0% | 17.9% |
Fiscal years (4-quarter sums)FY21 $2.89B · FY22 $4.91B · FY23 $5.31B · FY24 $5.68B · FY25 $6.11B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.95B · Total debt $5.65B · Total assets $13.25B · Shareholders' equity $6.39B
Dividends
Raised for 3 straight years — most recently to $0.20 from $0.18 in Mar 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.92 | special dividend |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.20 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.35 | special dividend |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.20 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.20 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.20 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.40 | special dividend |
| Sep 30, 2024 | Sep 30 | Oct 15 | $0.20 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 684.88M · Float 673.86M · 98.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 88.41M | 12.91% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 60.63M | 8.85% | 13F | Aug 13, 2026 |
| Cohen & Steers, Inc. | 44.82M | 6.54% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 43.25M | 6.31% | 13F | Aug 13, 2026 |
| State Street Corp | 41.96M | 6.13% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 21, 2026 | Michael E. Lentz | officer: EVP, Development, D&C | −56,757 | $23.26 |
| Aug 19, 2026 | Nathan S. Tyrrell | officer: EVP, Ch. Investment Officer | −63,882 | $23.13 |
| May 26, 2026 | Walter C. Rakowich | director | −3,408 | $22.90 |
| May 26, 2026 | Nathan S. Tyrrell | officer: EVP, Ch. Investment Officer | −15,569 | $23.00 |
| May 8, 2026 | Nathan S. Tyrrell | officer: EVP, Ch. Investment Officer | −58,579 | $22.00 |
Peers
- Park Hotels & Resorts
Direct full-service lodging REIT peer in premium U.S. hotels
- Ryman Hospitality Properties
Group-oriented convention resort owner with Marriott-managed assets
- Pebblebrook Hotel Trust
Upper-upscale urban and resort hotel owner in coastal markets
- DiamondRock Hospitality
Premium hotel and resort owner in high-demand U.S. markets
- Xenia Hotels & Resorts
Luxury and upper-upscale hotel REIT in top U.S. markets
- Sunstone Hotel Investors
Upper-upscale and luxury hotel REIT with active asset ownership
- Apple Hospitality REIT
Large rooms-focused upscale hotel REIT under Marriott and Hilton
- RLJ
Premium rooms-oriented lodging REIT in U.S. demand markets
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Host Hotels & Resorts | $22.40 | +0.63% | $15.26B | 15.2 | 22.3 | 2.5 | +3.4% |
| Park Hotels & Resorts | $15.83 | −0.09% | $3.19B | — | 28.1 | 1.3 | +1.2% |
| Ryman Hospitality Properties | $129.33 | −0.01% | $8.16B | 31.5 | 27.0 | 3.0 | +13.6% |
| Pebblebrook Hotel Trust | $18.49 | −0.05% | $2.09B | — | — | 1.4 | −0.1% |
| DiamondRock Hospitality | $12.70 | 0.00% | $2.60B | 17.4 | 20.1 | 2.3 | +4.1% |
| Xenia Hotels & Resorts | $19.62 | +0.87% | $1.80B | — | 38.1 | 1.6 | +2.8% |
| Sunstone Hotel Investors | $11.33 | −0.13% | $2.11B | 46.0 | 52.5 | 2.1 | +6.7% |
| Apple Hospitality REIT | $16.68 | +0.72% | $3.91B | 22.4 | 23.2 | 2.7 | +4.7% |
| RLJ | $11.46 | +0.04% | $1.74B | 280.2 | 250.7 | 1.3 | +5.5% |
| Median | 31.5 | 28.1 | 1.9 | +4.4% |