Host Hotels & Resorts Inc (HST) showcased a strong performance in Q4 2024, surpassing FFO and revenue estimates, on the backdrop of substantial growth in hotel RevPAR. Furthermore, HST stock edged higher due to potential growth amid known challenges. Fueled by an earnings per share of $0.15, results for the quarter ended December 31, 2024, exceeded expectations. The company also announced a special dividend increase, boosting the total annual payout to $0.90 per share.
HST's positive earnings outcome sparked a significant interest from several analysts who identified it as one of the best, if not the most undervalued hotel stock to invest in. Despite facing downgrades on price targets from some firms, the company's shares crossed the 5% yield mark.
Host Hotels & Resorts undertook strategic steps by considering the sale of over ten properties, therein exploring new market opportunities. The company continued to be recognized as a global sustainability leader after its name was featured on the Dow Jones Sustainability World Index for the sixth consecutive year. Acquisition of various luxurious properties such as 1 Hotel Central Park and The Ritz-Carlton O’ahu, Turtle Bay, underscored HST's aggressive approach towards expansion.
Host Hotels Resorts HST News Analytics from Mon, 10 Nov 2008 09:53:39 GMT to Sat, 22 Feb 2025 00:11:15 GMT - Rating 6 - Innovation -2 - Information 7 - Rumor -5
