Real Estate
Hotel & Resort REITs
2 companies under coverage.
Coverage
Hotel & Resort REITs
Equity Research
Host Hotels & Resorts Inc (HST)
The bull case — 'Bull — Re-Rate' (8% weight) — targets $46, +94% vs spot. It needs the multiple to hold or expand.
Equity Research
VICI Properties Inc (VICI)
The bull case — 'Bull — Cap-Rate Compression / Re-Rate' (8% weight) — targets $41, +55% vs spot. It needs the multiple to hold or expand.