Host Hotels & Resorts (HST) owns over 80 predominantly urban and resort upper upscale and luxury hotel properties representing over 47,000 rooms, mainly in the United States. The majority of Host’s portfolio operates under the Marriott and Starwood brands.
The company reported earnings earlier this month and both earnings and revenue were down considerably year over year. The pandemic and restrictions on travel are affecting performance. As COVID cases continue to soar, it isn’t likely to change anytime soon.
While HST had $2.4 billion in cash at the end of the third quarter, long-term debt was at $6.3 billion. Although the company has a very high current ratio of 14.9, indicating it can cover its short-term obligations.
While sales are down considerably, analysts expect revenue to rise 58% next year. The company has a Price to Sales ratio of 3.5, which is much higher than the industry average and the S&P 500.
HST has shown bearish long-term momentum, but very bullish near and mid-term performance. The mixed performance has led a “Neutral” rating in our POWR Ratings system.
Take a look at the 1-year chart of HST below with my added notations…
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