Key Highlights

  • Host Hotels & Resorts (NASDAQ:HST) traded at USD 25.08 on October 21, 2026, up 1.11%, with a market value of USD 17.142 billion, a trailing P/E of 16.26 and a PEG of 0.64.
  • No company announcement dated October 21 was found; the latest catalyst is the second quarter report, with comparable hotel RevPAR of USD 251.53, up 7.0%.
  • The company raised 2026 guidance for comparable RevPAR growth to 4.75% to 5.25% and adjusted FFO per share to USD 2.15 to USD 2.18, which is higher than the prior range.
  • Third quarter results are due after the market closes on November 4, 2026, with a call on November 5 at 10:00 a.m. ET, the company said in a notice.

The Second Quarter Report

No Host Hotels release dated October 21 was found, so the latest catalyst is the second quarter report. Comparable hotel RevPAR, revenue per available room, was USD 251.53, up 7.0%, and total RevPAR was USD 417.58, up 5.9%. Net income was USD 241 million, adjusted EBITDAre was USD 525 million, and adjusted FFO per share was USD 0.63, up 8.6%. Management raised the 2026 outlook to adjusted EBITDAre of USD 1.82 billion to USD 1.84 billion and net income of USD 944 million to USD 962 million. Early-session volume was 705,411 shares against a 3-month average of 8.889 million, so turnover was still building. The company owns 71 properties in the United States and five abroad, with about 41,700 rooms.

What the Valuation Figures Show

A P/E of 16.26 means investors pay about USD 16.26 for each USD 1 of trailing earnings, and a PEG of 0.64 implies a growth input near 25%, simple arithmetic, boosted by asset sale gains. Year-to-date net income was USD 742 million, up 55.9%, helped by the sale of Four Seasons hotels. A REIT is judged more on funds from operations than on net income, so the adjusted FFO range of USD 2.15 to USD 2.18 is the better yardstick. The July 15 dividend of USD 0.92 included a USD 0.72 special payout, so the regular payment is USD 0.20, simple arithmetic. Investors who annualize the July payment would badly overstate the income, since the special payout is not expected to repeat.

Risks and What to Watch

Travel demand, group and business bookings, labor costs and interest rates are the main risks for a company that owns luxury and upper-upscale hotels, and the guidance assumes no acquisitions during the year. Shares outstanding fell to 685.0 million at June 30 from 687.8 million at year-end, which shows modest buybacks. Capital spending is guided to USD 550 million to USD 630 million. Investors should watch the November 4 report for RevPAR trends, any further change to guidance and whether the special dividend is a one-time item tied to the asset sales. A weaker consumer or a pullback in corporate travel would show up first in group bookings and RevPAR.

Where Things Stand

No catalyst was found for Host Hotels & Resorts (NASDAQ:HST) on October 21, so the stock is trading on the raised guidance from the second quarter report. The P/E of 16.26 and PEG of 0.64 are inside the filter bands, but profit was lifted by asset sale gains and a special dividend that may not repeat. The next catalyst is the November 4 report after the close. This is not investment advice.