Host Hotels & Resorts, Inc. logo HST - Host Hotels & Resorts, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 23
HOLD 18
SELL 2
STRONG
SELL
0
| PRICE TARGET: $25.28 DETAILS
HIGH: $27.00
LOW: $23.00
MEDIAN: $26.12
CONSENSUS: $25.28
UPSIDE: 14.65%
AlphaVal

AlphaVal

Deterministic, archetype-aware fair value

Real Estate Investment Trust 85% confidence

Primary model: P/FFO × Default REIT Multiple

Valuation Signal Undervalued Strong
Trading 56.2% below fair value
Current Price $22.05
Bear Case $41.46 88.0% upside ($41.46 - $22.05) / $22.05 = 88.0% $2.28 FFO × 18x
Fair Value $50.34 128.3% upside ($50.34 - $22.05) / $22.05 = 128.3% $2.28 FFO × 22x
Bull Case $59.22 168.6% upside ($59.22 - $22.05) / $22.05 = 168.6% $2.28 FFO × 26x

Adjust Assumptions

22.1x
2.28$

Key Value Driver

FFO/share ($2.28) × default P/FFO multiple

Implied Market Multiple 9.7x

Plain-Language Summary

At $2.28 FFO/share with a 22x default REIT multiple, the base-case value is $50.34 per share. Dividend yield: 7.6%.

Analyst Consensus (External Reference)

Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.

Average Target (43 analysts) $25.28
Analyst Range $23.00 – $27.00
Divergence from AlphaVal 99%

Warnings

Standard profit figures are misleading for real estate companies — large non-cash accounting charges make profits look artificially low. Dividend yield and funds from operations are better measures.
Dividend yield of 7.6% is unusually high — make sure the company generates enough cash to keep paying it.
Wall Street's average price target is $25.28 (from 43 analysts). Our estimate is 99% above the consensus -- consider that gap carefully.

Key Risks

  • P/E and EV/EBITDA are structurally wrong for REITs — use P/FFO and NAV
  • Interest rate sensitivity: REIT multiples compress when rates rise
  • FFO approximation (NI + D&A) may include gains on property sales — verify