Host Hotels & Resorts Inc. (NASDAQ:HST) is off about 28% from its high of $21.63 set last May. The dividend of 48 cents is 3%. So is now a good time to buy this real estate investment trust (REIT)? Take a closer look:
On its website, Bethesda, Maryland-based Host Hotels & Resorts calls itself “the world’s largest lodging REIT.” It owns and operates 78 hotels with over 42,000 rooms in 20 of the top markets across the U.S. Its portfolio includes well-known names such as Marriott, Hilton, Sheraton and Hyatt. It owns many upscale properties in central business districts conveniently located near airports.
