National Bank of Canada FI Increases Investment in Host Hotels & Resorts,
December 30, 2023
🌥️Trending News
The additional investment by the National Bank of Canada FI will be used to fund future acquisitions as well as to help with existing properties and investments. This move will help Host Hotels & Resorts ($NASDAQ:HST) to continue its growth as a leader in the hospitality industry. The company is committed to providing its guests with high-quality service and amenities and is continuously innovating in order to stay ahead of the competition. With the additional investment from the National Bank of Canada FI, Host Hotels & Resorts will be able to further expand its portfolio and continue to be a leader in the hospitality industry.
Market Price
This news caused the stock to jump, signaling that investors are also bullish on the hotel and resort company’s prospects. Live Quote…
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
Based on our Star Chart, HOST HOTELS & RESORTS is strong in dividend and medium in asset, growth, and profitability. We classify HOST HOTELS & RESORTS as a ‘cow’, a type of company that has a track record of paying out consistent and sustainable dividends. This type of company may be attractive to investors looking for steady income and low-risk investments. We also evaluated HOST HOTELS & RESORTS’s health score, which is 9/10. This indicates that the company has strong cash flows and debt capabilities, and is likely to be able to sustain its operations in times of crisis. 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
National Bank of Canada FI has recently increased its stake in Host Hotels & Resorts, Inc. (HOST). This news is an indication of confidence in the company’s performance and the potential for further growth. It provides a broad range of solutions for its customers, ranging from full-scale resort properties to extended stay and select service hotels. The company’s portfolio also consists of various luxury and lifestyle brands, such as Marriott, W Hotels, Sheraton, and Westin.
Despite the negative effects of the pandemic on the hospitality industry, HOST has managed to remain profitable with its strategic cost-cutting measures and asset sale programs. With the help of continuing technological advances, the company looks poised to gain from increased efficiency and customer loyalty. This news further reinforces the potential for growth and should be welcomed by investors.
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