Published on 28 Dec 2023 on Zacks via Yahoo Finance
Key Reasons to Add Host Hotels (HST) Stock to Your Portfolio
Host Hotels & Resorts Inc.’s HST enjoys a portfolio of luxury and upper-upscale properties located across lucrative markets in the United States and abroad. The recovery in group and business transient demand for the company’s well-located properties in markets with strong demand drivers positions it well for growth. Also, aggressive capital-recycling efforts and a healthy balance sheet augur well.Shares of this Bethesda, MD-based lodging real estate investment trust (REIT) have gained 25.7% in the year-to-date period compared with the industry's rise of 7.3%.Analysts seem bullish on this Zacks Rank #2 (Buy) company. The Zacks Consensus Estimate for its 2023 funds from operations (FFO) per share has been raised 1.1% over the past month.
Image Source: Zacks Investment Research