S&P 500 cuts bulk of losses as Democrats propose deal to end government shutdown
Investing.com - Stifel has reiterated a Buy rating and $18.50 price target on Host Hotels (NASDAQ:HST), currently trading at $17.37 with a market capitalization of $12.1 billion, following property tours in Nashville. According to InvestingPro data, the company maintains a "GREAT" financial health score of 3.32.
The firm toured the Embassy Suites Nashville and the 1 Hotel Nashville, both acquired by Host Hotels in May 2024 for $530 million in cash, representing a 12.6x EBITDA multiple or approximately 7.4% cap rate on estimated 2024 results. InvestingPro analysis shows the company currently trades at an EV/EBITDA multiple of 10.54x, with a notable dividend yield of 6.33%.
The two adjacent properties are located directly across from Music City Center, Nashville’s convention center, providing them with a strategic location advantage despite the market experiencing impacts from increased supply.
Host Hotels acquired the properties while they were still in a ramp-up phase, with expectations that the assets would stabilize in the 10-12x EBITDA range between 2026 and 2028.
According to Stifel, performance of both properties has been ramping in line with management’s expectations since the acquisition, supporting the firm’s maintained positive outlook on the stock.
In other recent news, Host Hotels & Resorts reported its second-quarter 2025 earnings, exceeding analyst expectations. The company achieved an earnings per share (EPS) of $0.32, surpassing the forecasted $0.22, and reported revenue of $1.59 billion, which was higher than the anticipated $1.5 billion. These results highlight a strong financial performance for the quarter. Additionally, UBS raised its price target for Host Hotels to $18.00 from $17.00, following these impressive earnings results, while maintaining a Neutral rating on the stock. UBS emphasized the company’s joint ownership strategy as a key aspect of its business model. Host Hotels also announced a quarterly cash dividend of $0.20 per share, payable on October 15, 2025, to stockholders of record as of September 30, 2025. These recent developments reflect the company’s strategic initiatives and financial strength.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.