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In a challenging economic climate, Host Hotels & Resorts Inc. (HST) stock has touched a 52-week low, dipping to $15.25. The hospitality giant, which has felt the brunt of market headwinds, has seen its stock price struggle to gain momentum over the past year. This recent low underscores a period of significant decline for the company, with the 1-year change data revealing a substantial drop of 26.62% in its stock value. Investors are closely monitoring the stock as the company navigates through the current downturn, looking for signs of recovery or further indications of market pressures that could influence the stock’s performance. Despite the challenges, the company offers a notable 7.17% dividend yield and has maintained revenue growth of 7.03%. InvestingPro has identified 8 additional key insights about HST’s performance and outlook, available in their comprehensive Pro Research Report.
In other recent news, Host Hotels & Resorts Inc. reported fourth-quarter earnings and revenue that exceeded analyst expectations. The company posted adjusted earnings per share of $0.15, surpassing the consensus estimate of $0.13, and revenue reached $1.43 billion, above the expected $1.37 billion. Host Hotels also saw a 3.3% year-over-year increase in comparable hotel Total (EPA:TTEF) RevPAR for the fourth quarter, driven by improvements in food and beverage revenues from group business. For the full year 2024, comparable hotel Total RevPAR grew by 2.1%, and the company acquired $1.5 billion worth of hotel properties. Host Hotels returned $844 million to shareholders through dividends and share repurchases.
In analyst updates, Jefferies adjusted its price target for Host Hotels to $20, maintaining a Buy rating, citing the company’s growth potential through acquisitions and capital projects. Citi also maintained a Buy rating with a $21 price target, despite a conservative outlook and challenges in the Maui properties. Citi highlighted the company’s strong balance sheet and free cash flow as positive factors. Both firms noted ongoing strategic initiatives and potential challenges, including cost pressures and a slower recovery at certain properties.
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