HST stock dividend – Host Hotels & Resorts Increases Dividend by 11.1%, Setting New Rate of $0.20
December 16, 2023
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Host Hotels & Resorts ($NASDAQ:HST), a leading real estate investment trust, is pleased to announce a dividend increase of 11.1%, setting a new rate of $0.20 per share. This increase marks the 11th consecutive year in which Host Hotels & Resorts has raised its dividend rate. The company’s portfolio includes iconic properties such as The Ritz Carlton, Marriott, Hyatt, and other major brands. Host Hotels & Resorts is dedicated to creating long-term value through acquisitions, development and management of high-quality hotel properties.
The company’s dividend increase of 11.1% reflects its commitment to rewarding shareholders through reliable and consistent dividend payments. This increase demonstrates the company’s commitment to returning value to shareholders through both income and growth.
Dividends – HST stock dividend
This marks the second year in a row that the company has issued an annual dividend per share, at 0.57 and 0.33 USD in the past two years. The dividend yields from 2022 to 2023 are 3.3%, 1.81%, with an average dividend yield of 2.55%. For investors looking to invest in a dividend-paying stock, HOST HOTELS & RESORTS could be an attractive option.
With its consistent dividend payout, the company offers investors consistent returns and a predictable income stream. Furthermore, the recent increase in its dividend rate is indicative of the company’s commitment to rewarding shareholders.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HST. More…
| Total Revenues | Net Income | Net Margin |
| 5.25k | 755 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HST. More…
| Operations | Investing | Financing |
| 1.53k | -618 | -874 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HST. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.29k | 5.26k | 9.74 |
Key Ratios Snapshot
Some of the financial key ratios for HST are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 14.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – HST Intrinsic Stock Value
At GoodWhale, we recently conducted an analysis of the wellbeing of HOST HOTELS & RESORTS. Our proprietary Valuation Line has calculated that the fair value of HOST HOTELS & RESORTS share is around $22.5. However, the stock is currently being traded at $19.2, indicating that it is being undervalued by 14.5%. Therefore, it is a good opportunity for investors to buy HOST HOTELS & RESORTS stocks at a fair price. More…
Peers
Host Hotels & Resorts, Inc. is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The company’s portfolio consists of 103 properties in the United States and 26 properties internationally totaling approximately 74,000 rooms. Host Hotels & Resorts, Inc. also holds non-controlling interests in two joint ventures that own 19 properties with approximately 11,000 rooms. The company’s competitors are Pebblebrook Hotel Trust, Sunstone Hotel Investors Inc, Diamondrock Hospitality Co.
– Pebblebrook Hotel Trust ($NYSE:PEB)
Pebblebrook Hotel Trust is a publicly traded real estate investment trust that invests primarily in upscale, full-service hotels located in major urban markets in the United States. The company’s portfolio includes properties in New York, Los Angeles, San Francisco, Washington, D.C., Seattle, Miami, Boston, and Philadelphia. Pebblebrook Hotel Trust is headquartered in Bethesda, Maryland.
– Sunstone Hotel Investors Inc ($NYSE:SHO)
Sunstone Hotel Investors Inc is a real estate investment trust that owns and operates hotels. The company has a market cap of 2.19B as of 2022. Sunstone Hotel Investors Inc owns and operates hotels across the United States. The company was founded in 1971 and is headquartered in Irvine, California.
– Diamondrock Hospitality Co ($NYSE:DRH)
Rock Hospitality Co is a real estate investment trust that primarily acquires, develops, owns and operates upscale full-service hotels. As of December 31, 2020, the Company’s portfolio consisted of 69 properties with a total of 12,876 rooms. The Company’s hotels are located in 26 states and the District of Columbia, as well as in Canada and the Caribbean.
Summary
This is a strong sign of confidence in the company’s financial stability, as increasing the dividend payout ratio is a way of rewarding shareholders. Analysts suggest that HOST HOTELS & RESORTS is currently undervalued, and that investors should take advantage of the current share prices as they are expected to rise in the coming years. Furthermore, HOST HOTELS & RESORTS has a strong portfolio of hotels and resorts, which provides a solid base of income and cash flow. Overall, HOST HOTELS & RESORTS is a great investment opportunity, and investors should consider taking advantage of the current share prices and dividend increases.
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