Entering text into the input field will update the search result below

Host Hotels & Resorts: Strong Balance Sheet, Stable Dividends

Aug. 14, 2023 6:38 AM ETHost Hotels & Resorts, Inc. (HST)4 Comments
Philip Wang profile picture
Philip Wang


  • Host Hotels & Resorts recently released its Q2 2023 results, increasing its dividends by 25%.
  • The company has a strong balance sheet.
  • There is the potential for future dividend increases, given the current low dividend payout ratio.

Toronto Marriott City Centre Hotel in the Rogers Centre in Toronto, Canada.



I have written about several hospitality REITs in recent months, both select-service REITs and full-service REITs. The focus of this article, Host Hotels & Resorts (NASDAQ:HST), falls under the latter category. When I last covered

This article was written by

Philip Wang profile picture
My aim is to build a financial portfolio which will enable me to become financially independent. While I have a keen interest in the financial markets, and am constantly seeking to learn more about various sectors, this means I tend to gravitate towards dividend stocks as they will provide me with a steady stream of income to achieve my goal of becoming financially independent.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in HST over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Comments (4)

What about properties in Hawaii?
@dunn.aaron I kept looking for that, especially in the "Potential Risks" section. 20% of the revenue coming from Maui/Oahu? While the properties there might not have sustained damage, tourists aren't going to go there for a long time.
Philip Wang profile picture
@dunn.aaron @xjerseyguy Thanks for commenting. That's a valid point, and probably one I should have addressed in the "Potential Risks" section.

The revenue from Maui/Oahu was about 10% of the company's total FY 2022 revenue. While not an insignificant number, it is not something I believe will affect the company materially in the long run. The company's portfolio is geographically diversified, which helps reduce the impact from the Hawaii wildfires. Additionally, the company has a strong balance sheet, which should further help the company tide this.

Just using some ballpark figures - assuming the impact on the company's FY 2023 guidance is 10%, that will put its AFFO at around $1.64 (90% x $1.82). While not ideal, this amount is still more than sufficient to cover the company's dividends. Additionally, when considering the company's liquidity position, my rating on the company remains a "Buy".

All the best.
WYCO Researcher profile picture
@dunn.aaron I called the Maui Hotel late last week and were open, but .....

I was going to write on HST until I saw multiple articles were already in the pipeline for publication-I am NOT bullish. I think the HUGE loss they took on the NYC Sheridan last year speaks volumes re:: some of their properties.
Disagree with this article? Submit your own. To report a factual error in this article, . Your feedback matters to us!

About HST

SymbolLast Price% Chg
Div Rate (TTM)
Yield (TTM)
Short Interest
Market Cap
Compare to Peers

More on HST

Related Stocks

SymbolLast Price% Chg
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.