#6 - Host Hotels & Resorts (NASDAQ:HST)
When investors think about high-yield dividend stocks, real estate investment trusts (REITs) come to mind. These stocks are required to pay up to 90% of their earnings to shareholders. This usually comes in the form of a dividend.
Falling interest rates will help fan the travel sector, especially among high-income consumers, who have been better equipped to manage through inflation. That’s a good reason to consider Host Hotels & Resorts Inc. (NASDAQ: HST). The company is the largest lodging REIT and owns 72 properties in the United States and five properties internationally for a total of 42,000 rooms.
Another reason to consider HST stock is the company’s sound management, which gives the stock a rock-solid balance sheet which is reflected in revenue and earnings that are growing year-over-year. And the stock still trades at a very attractive forward P/E of around 9.3x.
Investors currently enjoy a dividend with a 4.32% yield. That yield pairs nicely with a consensus price target of $21.06, which gives the stock 13.9% upside.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.
- Current Price
- $13.14
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 5 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $19.54 (48.7% Upside)
