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Host Hotels & Resorts (HST) stock

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NASDAQ: HST Nasdaq Hotel & Resort REITs Next results ~November 4, 2026

B Fundamentals grade

Host Hotels & Resorts is a US-listed company in the hotel & resort REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$39

Valuation models combined (2)

Base case. Range ~$17–$49. Weighted average of 2 models (funds-from-operations model, dividend discount (growing dividend)), the funds-from-operations model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

Host Hotels & Resorts valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Host Hotels & Resorts files

Where Host Hotels & Resorts stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $6.22bn, up 4.9% on a year earlier, slower than 6.2% a quarter earlier. Our valuation models combined value is $37.23 a share, against a share price of $24.79.

Source: 10-Q filed August 7, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Host Hotels & Resorts's trailing-twelve-month revenue grew 4.9% year on year, with a free-cash-flow margin of 21.4%. Where it stands out: long-term debt as % of assets of 9.8% ranks 1 of 14 hotel & resort reits companies we cover. Where it lags: change in growth rate of -1.2pp ranks 13 of 15 hotel & resort reits companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 17.0% while net income grew 55.8%: a 39pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 21.4% of revenue turned into free cash flow.
  • Shrinking share count. Diluted shares fell 1.3% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $2.0bn.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Below peers: change in growth rate. Change in growth rate of -1.2pp ranks 13 of 15 hotel & resort reits companies we cover (median +0.7pp).
  • Earnings expected to fall. The consensus expects earnings per share to fall 24% next year.

Latest results: FY2026 Q2

Filed August 7, 2026
Earnings per share
$0.35 against an average estimate of $0.34: beat by 4.4%
Revenue
$1.64bn, up 3.4% on a year earlier
Share reaction
-6.4% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
comparable hotel Total RevPAR $391 to $392 (Full Year 2026); comparable hotel Total RevPAR growth growth 4.75% to 5.25% (Full Year 2026)
Next report
November 4, 2026; average EPS estimate $0.09

Host Hotels & Resorts' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.1%
  • 1 week+2.0%
  • 1 month+13.3%
  • This year+52.7%
  • 1 year+72.3%
  • 5 years+84.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$6.2B
Operating margin
14.6%
Net margin
16.5%
EPS (TTM, diluted)
$1.49

Growth

Revenue growth
+4.9%
Change in growth rate
−1.2 pts
Share count change
−1.3%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Agreement
  2. Insider trade
  3. Insider trade
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Host Hotels & Resorts valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value Host Hotels & Resorts as an equity reit, with every model that fits that kind of business. Cost of equity 8.3%: the 10-year Treasury yield (4.9%) plus a beta of 0.74 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$49 ~$42–$61 Primary model, counts double
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$0.9 ~$22–$46 Left out: out of range vs price (0.04x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$17 ~$14–$21 Included
Combined value Weighted average of the models that apply: the primary model (funds-from-operations model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$39 ~$17–$49 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Host Hotels & Resorts with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

59 /100

Moderate moat

How hard Host Hotels & Resorts's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 7 / 20

    Net income has been a median 5.3% of total assets over 10 years.

  • Durability 3 / 20

    Operating margin has been a median 12.9%; its worst year was -54.4%.

  • Cash conversion 19 / 20

    Free cash flow was positive in 9 of 10 years, at a median 19.0% of revenue.

  • Discipline 19 / 20

    The diluted share count fell 6.7% over five years; stock-based pay has been a median 0.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $1.4bn and EPS of $0.09 (range $0.05 to $0.13) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.38 +25% $6.1bn +1%
Next $1.05 −24% $6.2bn +1%

Next year's EPS estimate has moved +3.1% in 90 days, across 6 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +1.3% on 90 days ago. In the last 30 days, 0 analysts raised Host Hotels & Resorts's forecast and 0 cut it.

Consensus EPS forecast Host Hotels & Resorts, last 90 days
$1.00 $1.10 $1.20 $1.30 $1.40 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.36 Current fiscal year, 60 days ago: $1.37 Current fiscal year, 30 days ago: $1.37 Current fiscal year, 7 days ago: $1.37 Current fiscal year, Now: $1.38 $1.38 Next fiscal year, 90 days ago: $1.02 Next fiscal year, 60 days ago: $1.05 Next fiscal year, 30 days ago: $1.06 Next fiscal year, 7 days ago: $1.05 Next fiscal year, Now: $1.05 $1.05

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.36$1.02
60 days ago $1.37$1.05
30 days ago $1.37$1.06
7 days ago $1.37$1.05
Now $1.38$1.05

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.34 $0.35 +4.4%
Mar 2026 $0.33 $0.72 +116.0%
Dec 2025 $0.19 $0.20 +4.1%
Sept 2025 $0.04 $0.23 +428.2%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Total revenues under GAAP Full Year 2026 $6,124m to $6,153m GAAP
    “Total revenues under GAAP (in millions) $6,124 to $6,153 0.2% to 0.6% (0.3%) to 1.1% 0 bps” source
  • Total revenues under GAAP growth Full Year 2026 0.2% growth to 0.6% growth GAAP
    “Total revenues under GAAP (in millions) $6,124 to $6,153 0.2% to 0.6% (0.3%) to 1.1% 0 bps” source
  • Diluted earnings per common share Full Year 2026 $1.35 to $1.38 GAAP
    “Diluted earnings per common share $1.35 to $1.38 $1.30 to $1.37 $0.04” source
  • Operating profit margin under GAAP Full Year 2026 14.9% to 15.1% GAAP
    “Operating profit margin under GAAP 14.9% to 15.1% 90 bps to 110 bps 40 bps to 110 bps 20 bps” source
  • Comparable hotel Total RevPAR Full Year 2026 $391 to $392 Non-GAAP Raised
    “Comparable hotel Total RevPAR $391 to $392 4.75% to 5.25% 3.5% to 5.0% 75 bps” source
  • Comparable hotel Total RevPAR growth Full Year 2026 4.75% growth to 5.25% growth Non-GAAP Raised
    “Comparable hotel Total RevPAR $391 to $392 4.75% to 5.25% 3.5% to 5.0% 75 bps” source
Show 7 more items
  • Comparable hotel RevPAR Full Year 2026 $234 to $235 Non-GAAP Raised
    “Comparable hotel RevPAR $234 to $235 4.75% to 5.25% 3.0% to 4.5% 125 bps” source
  • Comparable hotel EBITDA margin Full Year 2026 29.6% to 29.7% Non-GAAP
    “Comparable hotel EBITDA margin 29.6% to 29.7% 40 bps to 50 bps 20 bps to 50 bps 20 bps” source
  • Net income Full Year 2026 $944m to $962m GAAP
    “Net income (in millions) $944 to $962 $908 to $955 $21” source
  • Adjusted EBITDAre Full Year 2026 $1,820m to $1,840m Non-GAAP
    “Adjusted EBITDA re (in millions) $1,820 to $1,840 $1,785 to $1,835 $20” source
  • NAREIT FFO per diluted share Full Year 2026 $2.11 to $2.14 Non-GAAP
    “NAREIT FFO per diluted share $2.11 to $2.14 $2.06 to $2.12 $0.02” source
  • Adjusted FFO per diluted share Full Year 2026 $2.15 to $2.18 Non-GAAP
    “Adjusted FFO per diluted share $2.15 to $2.18 $2.10 to $2.16 $0.03” source
  • capital expenditures Full Year 2026 $550m to $630m
    “We expect to spend approximately $550 million to $630 million on capital expenditures.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

21 analysts, Oct 2026
Buy1257%
Hold943%
Sell00%

Monthly trend

  1. Oct 202611921
  2. Sep 202611921
  3. Aug 202611921
  4. Jul 202611921

Counts of recommendations published by analysts covering Host Hotels & Resorts, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.6%
of tradable shares
Days to cover
4.88
at average volume
Short interest, 1 month
+2%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.5%
of shares
Employees
162
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +72.3%

$14.84 on October 31, 2025 to $25.57

ThenNowEffect
Revenue (last 12 months) $5.9bn $6.2bn +4.9%
Net margin 11.1% 16.5% +48.5%
P/E multiple 15.7x 17.2x +9.1%
Share count 699m 690m +1.3%

Biggest factor: net margin.

Last 3 years +83.9%

$13.91 on November 3, 2023 to $25.57

ThenNowEffect
Revenue (last 12 months) $5.2bn $6.2bn +19.0%
Net margin 14.5% 16.5% +13.9%
P/E multiple 13.1x 17.2x +30.8%
Share count 716m 690m +3.8%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HST+19%−5%+28%−6%+7%+53%
Industry peers (median)+11%−18%+12%−1%−18%+52%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HST50%50%58%50%58%82%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HST−19%−28%−23%−23%−27%−15%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 55% from June 6, 2018 to April 3, 2020. Getting back needed a 122% gain, reached on April 19, 2022, 746 days after the low.

Price behaviour

52-week range
$14.87 – $25.70
From 52-week high
−0.5%
vs 50-day average
+11.7%
vs 200-day average
+19.9%
Volatility (1 year)
25%
Beta vs S&P 500
0.69

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±3.8%
After a week
6 up, 6 down
typical move ±5.4%
After a month
7 up, 5 down
typical move ±8.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −6.4% −0.4% −8.7% −12.0%
May 6, 2026 +1.7% +1.1% +1.2% +15.5%
February 18, 2026 +0.3% +0.2% −1.5% −4.5%
November 5, 2025 +7.9% −0.7% +12.5% +7.5%
July 30, 2025 −3.4% −0.5% −6.0% +6.2%
April 30, 2025 +3.6% +0.7% +4.1% +10.4%
February 19, 2025 −1.7% −0.2% −6.1% −12.3%
November 6, 2024 +2.0% +3.3% +2.0% +6.5%
July 31, 2024 −5.9% +0.2% −9.9% −0.8%
May 1, 2024 −2.2% +0.6% −3.4% −4.9%
February 21, 2024 +5.1% +2.2% +4.9% +7.6%
November 1, 2023 +5.3% +3.0% +4.2% +14.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Host Hotels & Resorts in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Host Hotels & Resorts
$5B $5.5B $6B $6.5B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $5.3B Revenue (TTM), FY23 Q4: $5.3B Revenue (TTM), FY24 Q1: $5.4B Revenue (TTM), FY24 Q2: $5.5B Revenue (TTM), FY24 Q3: $5.6B Revenue (TTM), FY24 Q4: $5.7B Revenue (TTM), FY25 Q1: $5.8B Revenue (TTM), FY25 Q2: $5.9B Revenue (TTM), FY25 Q3: $5.9B Revenue (TTM), FY25 Q4: $6.1B Revenue (TTM), FY26 Q1: $6.2B Revenue (TTM), FY26 Q2: $6.2B $6.2B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $5.3B
FY23 Q4 $5.3B
FY24 Q1 $5.4B
FY24 Q2 $5.5B
FY24 Q3 $5.6B
FY24 Q4 $5.7B
FY25 Q1 $5.8B
FY25 Q2 $5.9B
FY25 Q3 $5.9B
FY25 Q4 $6.1B
FY26 Q1 $6.2B
FY26 Q2 $6.2B
Revenue growth, TTM YoY Host Hotels & Resorts
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 13.1% Revenue growth, TTM YoY, FY23 Q4: 8.2% Revenue growth, TTM YoY, FY24 Q1: 3.6% Revenue growth, TTM YoY, FY24 Q2: 4.7% Revenue growth, TTM YoY, FY24 Q3: 6.2% Revenue growth, TTM YoY, FY24 Q4: 7.0% Revenue growth, TTM YoY, FY25 Q1: 7.5% Revenue growth, TTM YoY, FY25 Q2: 8.3% Revenue growth, TTM YoY, FY25 Q3: 6.5% Revenue growth, TTM YoY, FY25 Q4: 7.6% Revenue growth, TTM YoY, FY26 Q1: 6.2% Revenue growth, TTM YoY, FY26 Q2: 4.9% 4.9%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 13.1%
FY23 Q4 8.2%
FY24 Q1 3.6%
FY24 Q2 4.7%
FY24 Q3 6.2%
FY24 Q4 7.0%
FY25 Q1 7.5%
FY25 Q2 8.3%
FY25 Q3 6.5%
FY25 Q4 7.6%
FY26 Q1 6.2%
FY26 Q2 4.9%
Operating margin (TTM) Host Hotels & Resorts
13% 14% 15% 16% 17% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 15.8% Operating margin (TTM), FY23 Q4: 15.6% Operating margin (TTM), FY24 Q1: 16.1% Operating margin (TTM), FY24 Q2: 16.7% Operating margin (TTM), FY24 Q3: 16.0% Operating margin (TTM), FY24 Q4: 15.4% Operating margin (TTM), FY25 Q1: 15.0% Operating margin (TTM), FY25 Q2: 14.4% Operating margin (TTM), FY25 Q3: 13.8% Operating margin (TTM), FY25 Q4: 14.0% Operating margin (TTM), FY26 Q1: 14.4% Operating margin (TTM), FY26 Q2: 14.6% 14.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 15.8%
FY23 Q4 15.6%
FY24 Q1 16.1%
FY24 Q2 16.7%
FY24 Q3 16.0%
FY24 Q4 15.4%
FY25 Q1 15.0%
FY25 Q2 14.4%
FY25 Q3 13.8%
FY25 Q4 14.0%
FY26 Q1 14.4%
FY26 Q2 14.6%
FCF margin (TTM) Host Hotels & Resorts
16% 18% 20% 22% 24% 26% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 24.5% FCF margin (TTM), FY23 Q4: 23.5% FCF margin (TTM), FY24 Q1: 24.5% FCF margin (TTM), FY24 Q2: 23.1% FCF margin (TTM), FY24 Q3: 22.5% FCF margin (TTM), FY24 Q4: 21.8% FCF margin (TTM), FY25 Q1: 20.1% FCF margin (TTM), FY25 Q2: 19.2% FCF margin (TTM), FY25 Q3: 17.1% FCF margin (TTM), FY25 Q4: 20.1% FCF margin (TTM), FY26 Q1: 20.4% FCF margin (TTM), FY26 Q2: 21.4% 21.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 24.5%
FY23 Q4 23.5%
FY24 Q1 24.5%
FY24 Q2 23.1%
FY24 Q3 22.5%
FY24 Q4 21.8%
FY25 Q1 20.1%
FY25 Q2 19.2%
FY25 Q3 17.1%
FY25 Q4 20.1%
FY26 Q1 20.4%
FY26 Q2 21.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 4,135 4,361 4,714 5,059 5,166 5,321 5,350 5,430 5,387 5,524 5,469 1,620 2,890 4,907 5,311 5,684 6,114 6,219
EBITDA 760 — 918 1,084 1,209 1,387 1,339 1,408 1,427 1,474 1,475 −288 512 1,439 1,524 1,637 1,650 1,692
Operating income 98 — 309 362 512 694 631 684 676 530 799 −953 −250 775 827 875 855 905
Net income −252 — −15 61 317 732 558 762 564 1,087 920 −732 −11 633 740 697 765 1,027
Diluted EPS −$0.45 — −$0.02 $0.08 $0.42 $0.96 $0.74 $1.02 $0.76 $1.47 $1.26 −$1.04 −$0.02 $0.88 $1.04 $0.99 $1.10 $1.49
Growth (year on year)
Revenue −19.2% +5.5% +8.1% +7.3% +2.1% +3.0% +0.5% +1.5% −0.8% +2.5% −1.0% −70.4% +78.4% +69.8% +8.2% +7.0% +7.6% +4.9%
EBITDA −41.4% — — +18.1% +11.5% +14.7% −3.5% +5.2% +1.3% +3.3% +0.1% −119.5% — +181.1% +5.9% +7.4% +0.8% +3.2%
Operating income −86.7% — — +17.2% +41.4% +35.5% −9.1% +8.4% −1.2% −21.6% +50.8% −219.3% — — +6.7% +5.8% −2.3% +6.0%
Net income −163.8% — — — — +130.9% −23.8% +36.6% −26.0% +92.7% −15.4% −179.6% — — +16.9% −5.8% +9.8% +55.8%
Diluted EPS −162.5% — — — — +128.6% −22.9% +37.8% −25.5% +93.4% −14.3% −182.5% — — +18.2% −4.8% +11.1% +57.9%
Margins
EBITDA margin 18.4% — 19.5% 21.4% 23.4% 26.1% 25.0% 25.9% 26.5% 26.7% 27.0% −17.8% 17.7% 29.3% 28.7% 28.8% 27.0% 27.2%
Operating margin 2.4% — 6.6% 7.2% 9.9% 13.0% 11.8% 12.6% 12.5% 9.6% 14.6% −58.8% −8.7% 15.8% 15.6% 15.4% 14.0% 14.6%
Net margin −6.1% — −0.3% 1.2% 6.1% 13.8% 10.4% 14.0% 10.5% 19.7% 16.8% −45.2% −0.4% 12.9% 13.9% 12.3% 12.5% 16.5%
Free-cash-flow margin 13.3% — 7.1% 8.2% 13.9% 15.5% 14.5% 18.6% 19.0% 18.6% 16.7% −40.1% −0.0% 22.6% 23.5% 21.8% 20.1% 21.4%
Cash flow
Cash from operations 552 — 662 781 1,019 1,140 1,160 1,302 1,230 1,300 1,250 −307 292 1,416 1,441 1,498 1,510 1,606
Capital spending 0 — 327 366 303 316 383 293 205 274 336 343 293 307 195 260 282 276
Free cash flow 552 — 335 415 716 824 777 1,009 1,025 1,026 914 −650 −1 1,109 1,246 1,238 1,228 1,330
Stock-based pay 21 40 19 16 18 22 11 12 11 14 15 17 18 26 30 24 26 27
Free cash flow after stock pay 531 — 316 399 698 802 766 997 1,014 1,012 899 −667 −19 1,083 1,216 1,214 1,202 1,303
Balance sheet
Cash 1,642 1,113 826 417 839 666 221 372 913 1,542 1,573 2,335 807 667 1,144 554 768 1,953
Total debt 5,837 5,512 5,814 5,457 4,788 4,007 4,047 3,673 3,983 3,860 3,828 5,588 4,940 4,255 4,248 5,146 5,144 5,082
Net debt (negative = net cash) 4,195 4,399 4,988 5,040 3,949 3,341 3,826 3,301 3,070 2,318 2,255 3,253 4,133 3,588 3,104 4,592 4,376 3,129
Diluted shares — — 693m 720m 748m 787m 753m 744m 739m 741m 731m 706m 710m 718m 713m 704m 694m 690m
Returned to shareholders
Dividends 42 — 70 187 313 469 646 596 628 629 623 320 0 150 547 737 623 652
Buybacks 0 — — — — — 675 218 — — 482 147 0 27 182 107 205 75
Total returned 42 — 70 187 313 469 1,321 814 628 629 1,105 467 0 177 729 844 828 727

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$75M
Dividends (TTM)
$652M
Returned to shareholders
55%
of free cash flow
Buybacks, last 3 fiscal years
$494M
Diluted share count
−1.3%
year over year
Total shareholder yield
4.2%
dividends 3.7% + buybacks 0.4% of market value
Dividend payout ratio
64%
of net income paid out

Competitors: side by side with peers

Closest by revenue in hotel & resort reits
Last 12 months unless stated HST VICI RHP PK SVC PEB Median
Revenue, last 12 months $6.2bn $4.2bn $2.7bn $2.5bn $1.7bn $1.5bn $1.4bn
Revenue growth, last 12 months 4.9% 4.7% 12.2% −1.4% −11.9% 2.8% 1.2%
Revenue growth, 3-year average 6.0% 6.4% 10.5% −1.9% −4.1% 2.3% 1.5%
Revenue growth, latest quarter 3.4% 5.8% 13.6% 1.2% −16.4% 1.0% 3.4%
Gross margin — 99.3% 43.8% — 40.0% — 40.0%
Operating margin 14.6% 26.2% 19.8% 2.0% 18.7% 3.1% 12.8%
Operating margin, 3-year average 15.2% 68.3% 20.3% 11.1% 18.0% 3.4% 13.0%
Net margin 16.5% 56.5% 9.9% −6.4% −25.4% −4.6% 2.0%
Cash from operations / revenue 25.8% 65.1% 25.2% 15.9% 7.4% 19.0% 19.8%
Free-cash-flow margin 21.4% 65.1% 10.0% 3.2% −4.2% 14.6% 10.6%
Free-cash-flow margin, 3-year average 21.2% 62.5% 9.2% 5.8% −5.2% −6.0% 7.3%
Stock pay / revenue 0.4% 0.4% 0.5% 0.8% 0.2% 0.7% 0.7%
Change in share count −1.3% 2.1% 4.9% −2.0% −19.7% 2.8% −1.3%

Median of all 15 companies we cover in hotel & resort reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

15 hotel & resort reits companies
Measure Company Peer median Rank
Revenue growth Growth 4.9% 1.2% 3 of 15
Change in growth rate Growth -1.2pp +0.7pp 13 of 15
Operating margin Profitability 14.6% 12.8% 4 of 10
Net margin Profitability 16.5% 2.0% 2 of 15
Stock pay as % of revenue Cash generation 0.4% 0.7% 3 of 13
Long-term debt as % of assets Balance sheet 9.8% 45.0% 1 of 14
Change in share count Balance sheet -1.3% -1.3% 9 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Hotel $6B 98.4% ▲ 5.8%
Occupancy $3.6B 60.0% ▲ 5.3%
Food and Beverage $1.8B 30.0% ▲ 5.1%
Hotel Other $604M 10.0% ▲ 11.4%
Home Building $99M 1.6% —
Geography
Region Revenue Share YoY
United States $6B 98.3% ▲ 7.6%
Canada $76M 1.2% ▲ 1.3%
Brazil $28M 0.5% ▲ 7.7%

From Host Hotels & Resorts's 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$16.8B
Institutions reporting
740
Shares held vs prior quarter
▲ 2.6%
Positions opened / closed
100 / 49

Top buyers and sellers, Q2 2026: 426 institutions bought and 262 sold ; the biggest buyer was Blackrock, Inc (+10.9M shares) and the biggest seller Cohen & Steers, Inc (−10.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.1B 88.4M 12.5% ▲ 14.0%
Vanguard Portfolio Management LLC $1.4B 60.6M 8.6% ▲ 1.2%
Cohen & Steers, Inc. $1.1B 44.8M 6.3% ▼ 18.7%
State Street Corp $1B 42.0M 6.2% ▼ 1.2%
Vanguard Capital Management LLC $1B 43.2M 6.1% ▲ 0.2%
Geode Capital Management, LLC $512M 21.6M 3.1% ▲ 12.7%
Jpmorgan Chase & Co $445M 17.8M 2.7% ▼ 26.3%
Invesco Ltd. $316M 13.3M 1.9% ▼ 22.4%
AQR Capital Management LLC $316M 13.3M 1.9% ▲ 36.3%
Arrowstreet Capital, Limited Partnership $304M 12.8M 1.8% ▲ 11.6%
Deutsche Bank Ag\ $297M 12.5M 1.8% ▲ 16.7%
Bank Of America Corp $296M 12.5M 1.8% ▼ 4.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Host Hotels & Resorts's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $5.8M 10 trades by 3 insiders · 1% under pre-set plans
Net ▼ $5.8M net selling
Insider Date Trade Shares Price Value
Lentz Michael E EVP, Development, D&C August 21, 2026 Sell 56,757 $23.26 $1.3M
Tyrrell Nathan S EVP, Ch. Investment Officer August 19, 2026 Sell 33,882 $23.25 $787,756
Tyrrell Nathan S EVP, Ch. Investment Officer August 19, 2026 Sell 30,000 $23.00 $690,000
Rakowich Walter C Director May 26, 2026 Sell pre-set plan 3,408 $22.90 $78,041
Tyrrell Nathan S EVP, Ch. Investment Officer May 26, 2026 Sell 15,569 $23.00 $358,087
Tyrrell Nathan S EVP, Ch. Investment Officer May 8, 2026 Sell 58,579 $22.00 $1.3M
Lentz Michael E EVP, Development, D&C February 27, 2026 Sell 12,673 $19.95 $252,826
Tyrrell Nathan S EVP, Ch. Investment Officer December 12, 2025 Sell 9,086 $18.47 $167,847
Tyrrell Nathan S EVP, Ch. Investment Officer December 11, 2025 Sell 11,954 $18.15 $216,965
Lentz Michael E EVP, Development, D&C November 25, 2025 Sell 35,000 $17.64 $617,474

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 13 trades and filings

In the last 12 months, 1 member of Congress disclosed 1 purchase and 0 sales of Host Hotels & Resorts shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded January 9, 2026, filed February 13, 2026
  • Robert P. Bresnahan, Jr.(R-PA 8):Sale (full), $1,001 - $15,000, traded May 15, 2025, filed June 9, 2025
  • Steve Cohen(D-TN 9):Sale (full), $15,001 - $50,000, traded December 11, 2024, filed January 10, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 18, 2026
  • November 5, 2025
  • July 30, 2025
  • April 30, 2025

Recent SEC filings

Data status

When each part of this page on Host Hotels & Resorts was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Host Hotels & Resorts in brief

What does Host Hotels & Resorts do?
Host Hotels & Resorts is a US-listed company in the hotel & resort REITs industry. Its financial year ends in December.
What is Host Hotels & Resorts's stock ticker?
Host Hotels & Resorts trades under the ticker HST on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Host Hotels & Resorts's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Host Hotels & Resorts reported revenue of $6.2B, 4.9% higher than a year earlier, according to its SEC filings.
What is Host Hotels & Resorts's free cash flow?
Host Hotels & Resorts's free-cash-flow margin is 21.4% of revenue over the trailing twelve months.
Who are Host Hotels & Resorts's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Cohen & Steers, Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Host Hotels & Resorts buying back stock, and does it pay a dividend?
Host Hotels & Resorts spent $75M on share repurchases over the trailing twelve months, and its diluted share count fell 1.3% over the year.
What is Host Hotels & Resorts's market cap?
On November 2, 2026, Host Hotels & Resorts's market capitalisation was about $17.6B, with a price-to-earnings ratio of 17.2 and net debt of $3.1B. Market figures come from third-party market data and may be delayed.
Does Host Hotels & Resorts pay a dividend?
Yes: Host Hotels & Resorts paid $652M in dividends over the trailing twelve months, a dividend yield of 3.72% and a payout ratio of 63.5%.
Who are Host Hotels & Resorts's competitors?
In our Hotel & Resort REITs peer group, the companies closest to Host Hotels & Resorts are Vici Properties, Ryman Hospitality Properties, Inc., Park Hotels & Resorts Inc., Service Properties Trust and Pebblebrook Hotel Trust. The side-by-side comparison below sets their revenue, margins and growth against Host Hotels & Resorts's.
Are insiders buying or selling Host Hotels & Resorts stock?
Over the last 12 months, Host Hotels & Resorts's directors and officers reported 0 open-market purchases and 10 sales on Form 4. The insider trading page charts every trade.
When is Host Hotels & Resorts's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Host Hotels & Resorts announces its own schedule.