HST Host Hotels & Resorts, Inc. - Common Stock
About Host Hotels & Resorts, Inc. - Common Stock Company overview from Wikipedia
Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. The company is based in Bethesda, Maryland. As of December 31, 2024, the company owned 81 upscale hotels containing about 43,400 rooms in the United States, Brazil, and Canada.
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Host Hotels & Resorts, Inc. is an American real estate investment trust that invests in hotels. The company is based in Bethesda, Maryland. As of December 31, 2024, the company owned 81 upscale hotels containing about 43,400 rooms in the United States, Brazil, and Canada.
## History
In 1897, the Van Noy Brothers of Kansas City, Missouri, formed Van Noy Railway News and Hotel Company to operate news stands along the Missouri Pacific and other regional railroads. The company expanded to various hospitality services, including hotels. After several name and business changes, it became the Host International Company in 1968.
In 1927, John Willard Marriott and his wife Alice opened a root beer stand in Washington, D.C., that they named “The Hot Shoppe”. It became a public company and in 1957, Hot Shoppes, Inc. expanded into the lodging business with the opening of its first hotel in Arlington, Virginia. In 1967, the company was renamed as Marriott Corporation.
In 1982, Marriott acquired the Host International Company.
Marriott split its business in 1993 into Marriott International, Inc., which took over management and franchising, and Host Marriott Corporation, which became the new name for the original Marriott Corporation. Host Marriott managed lodging and travel concessions at airports, and along turnpikes and interstate highways. The concession businesses were further spun off as Host Marriott Services, now HMSHost.
In 1998, the company divested its non-hotel business and reorganized as a real estate investment trust. In 2006, the company adopted its current name, Host Hotels & Resorts, Inc.
Source: Wikipedia, CC BY-SA 4.0 · View on Wikipedia ↗
HST Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
HST Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
10-Year Performance Revenue, net income, margins and EPS trends
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Financial Health Debt, liquidity, solvency — balance sheet strength
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Dividends Yield, payout ratio, dividend history, 5Y CAGR
| Ex-date | Amount |
|---|---|
| June 30, 2026 | $0.9200 |
| March 31, 2026 | $0.2000 |
| Dec. 31, 2025 | $0.3500 |
| Sept. 30, 2025 | $0.2000 |
| June 30, 2025 | $0.2000 |
| March 31, 2025 | $0.2000 |
| Dec. 31, 2024 | $0.3000 |
| Sept. 30, 2024 | $0.2000 |
| June 28, 2024 | $0.2000 |
| March 27, 2024 | $0.2000 |
| Dec. 28, 2023 | $0.4500 |
| Sept. 28, 2023 | $0.1800 |
| June 29, 2023 | $0.1500 |
| March 30, 2023 | $0.1200 |
| Dec. 29, 2022 | $0.3200 |
| Sept. 29, 2022 | $0.1200 |
| June 29, 2022 | $0.0600 |
| March 30, 2022 | $0.0300 |
| March 30, 2020 | $0.2000 |
| Dec. 30, 2019 | $0.2500 |
HST Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
- Strong Buy 8 32.0%
- Buy 7 28.0%
- Hold 10 40.0%
- Sell 0 0.0%
- Strong Sell 0 0.0%
12-Month Price Target
20 analysts · 2026-08-13Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.35 | $0.36 | -0.01% |
| March 31, 2026 | $0.72 | $0.45 | 0.27% |
| Dec. 31, 2025 | $0.31 | $0.19 | 0.12% |
| Sept. 30, 2025 | $0.23 | $0.04 | 0.19% |
| June 30, 2025 | $0.32 | $0.22 | 0.10% |
| March 31, 2025 | $0.35 | $0.28 | 0.07% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| HST | $12.19B | 16.1 | 7.6% | 12.5% | 11.6% | — |
| RHP | $5.96B | 25.1 | 10.2% | 9.4% | 37.5% | — |
| APLE | $2.79B | 16.0 | -1.3% | 12.4% | 5.5% | — |
| PK | $2.09B | -7.3 | -2.2% | -11.1% | -8.3% | — |
| DRH | $1.83B | 20.4 | -0.83% | 9.0% | 6.7% | — |
| PEB | $1.28B | -12.6 | 1.5% | -4.5% | -2.5% | — |
| SHO | $1.70B | 223.5 | 6.0% | 2.6% | 1.2% | — |
| XHR | $1.30B | 22.1 | 3.8% | 5.9% | 5.3% | — |
| RLJ | $1.13B | 745.0 | -1.4% | 2.1% | 1.3% | — |
| SVC | $309M | -1.5 | -4.3% | -11.2% | -30.1% | — |
| INN | $530M | -22.1 | -0.32% | -1.6% | -1.3% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.11B | $5.68B | $5.31B | $4.91B | $2.89B | $1.62B | $5.47B | $5.52B | $5.39B | $5.43B | $5.35B | $5.32B | |
| SG&A Expense | $124M | $123M | $132M | $107M | $99M | $89M | $107M | $104M | $98M | $106M | $94M | $43M | |
| Operating Expenses | $5.26B | $4.81B | $4.48B | $4.13B | $3.14B | $2.57B | $4.67B | $4.99B | $4.71B | $4.75B | $4.72B | $4.63B | |
| Operating Income | $855M | $875M | $827M | $775M | $-250M | $-953M | $799M | $530M | $676M | $684M | $631M | $694M | |
| Interest Expense | · | · | $191M | $156M | $191M | $194M | $222M | $176M | $167M | $154M | $227M | $207M | |
| Pretax Income | $818M | $721M | $788M | $669M | $-102M | $-961M | $962M | $1.30B | $651M | $811M | $574M | $755M | |
| Income Tax | $42M | $14M | $36M | $26M | $-91M | $-220M | $30M | $150M | $80M | $40M | $9M | $14M | |
| Net Income | $765M | $697M | $740M | $633M | $-11M | $-732M | $920M | $1.09B | $564M | $762M | $558M | $732M | |
| EPS (Basic) | $1.11 | $0.99 | $1.04 | $0.89 | $-0.02 | $-1.04 | $1.26 | $1.47 | $0.76 | $1.03 | $0.74 | $0.97 | |
| EPS (Diluted) | $1.10 | $0.99 | $1.04 | $0.88 | $-0.02 | $-1.04 | $1.26 | $1.47 | $0.76 | $1.02 | $0.74 | $0.96 | |
| Shares (Basic) | 691,400,000 | 702,100,000 | 709,700,000 | 714,700,000 | 710,300,000 | 705 | 730 | 739 | 738 | 743,000,000 | 752,400,000 | 755,400,000 | |
| Shares (Diluted) | 694,100,000 | 704,000,000 | 712,800,000 | 717,500,000 | 710,300,000 | 705 | 731 | 740 | 739 | 743,700,000 | 752,900,000 | 786,800,000 | |
| EBITDA | $855M | $875M | $827M | $775M | $-250M | $-953M | $799M | $530M | $676M | $684M | $650M | $710M |
Balance Sheet 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $768M | $554M | $1.14B | $667M | $807M | $2.33B | $1.57B | $1.54B | $913M | $372M | $221M | $666M | |
| PP&E (Net) | $10.64B | $10.91B | $9.62B | $9.75B | $9.99B | $9.42B | $9.67B | $9.76B | $9.69B | $10.14B | $10.58B | $10.49B | |
| PP&E (Gross) | $21.16B | $20.81B | $18.80B | $18.43B | $18.45B | $18.28B | $17.99B | $18.18B | $17.93B | $17.99B | $18.09B | $17.75B | |
| Accum. Depreciation | $10.53B | $9.90B | $9.18B | $8.68B | $8.46B | $8.86B | $8.32B | $8.42B | $8.23B | $7.85B | $7.50B | $7.18B | |
| Total Assets | $13.05B | $13.05B | $12.24B | $12.27B | $12.35B | $12.89B | $12.30B | $12.09B | $11.69B | $11.41B | $11.66B | $12.17B | |
| Capital Leases | $563M | $560M | $563M | $568M | $564M | $610M | $606M | · | · | · | · | · | |
| Total Liabilities | $6.32B | $6.27B | $5.42B | $5.39B | $5.78B | $6.46B | $4.84B | $4.40B | $4.52B | $4.21B | $4.41B | $4.58B | |
| Long-term Debt | $1.27B | $896M | $746M | $758M | $436M | $442M | $445M | $455M | $1.50B | $1.22B | $1.27B | $1.58B | |
| Common Stock | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $8M | $8M | |
| Retained Earnings | $-670M | $-777M | $-839M | $-939M | $-1.19B | $-1.18B | $-307M | $-610M | $-1.07B | $-1.01B | $-1.14B | $-1.10B | |
| AOCI | $-68M | $-83M | $-70M | $-75M | $-76M | $-74M | $-56M | $-59M | $-60M | $-83M | $-107M | $-50M | |
| Stockholders' Equity | $6.56B | $6.61B | $6.63B | $6.71B | $6.44B | $6.32B | $7.32B | $7.49B | $6.97B | $6.99B | $7.06B | $7.34B | |
| Liabilities + Equity | $13.05B | $13.05B | $12.24B | $12.27B | $12.35B | $12.89B | $12.30B | $12.09B | $11.69B | $11.41B | $11.66B | $12.17B | |
| Shares Outstanding | 687,800,000 | 699,100,000 | 703,600,000 | 713,400,000 | 714,100,000 | 705,400,000 | 713 | 740 | 739,100,000 | 737,800,000 | 750,300,000 | 755,800,000 |
Cash Flow 15
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $795M | $762M | $697M | $664M | $762M | $665M | $676M | $944M | $751M | $724M | $708M | $693M | |
| Stock-based Comp | $26M | $24M | $30M | $26M | $18M | $17M | $15M | $14M | $11M | $12M | $11M | $22M | |
| Deferred Tax | $28M | $8M | $26M | $20M | $-93M | $-165M | $7M | $4M | $38M | $27M | $5M | $-1M | |
| Operating Cash Flow | $1.51B | $1.50B | $1.44B | $1.42B | $292M | $-307M | $1.25B | $1.30B | $1.23B | $1.30B | $1.16B | $1.14B | |
| CapEx | · | · | · | · | · | · | · | $274M | $205M | $293M | $383M | $316M | |
| Investing Cash Flow | $-507M | $-2.04B | $-183M | $-618M | $-1.16B | $-195M | $58M | $100M | $-267M | $-99M | · | · | |
| Stock Issued | · | · | $1M | $1M | $138M | $0 | $0 | · | · | $4M | $2M | $4M | |
| Stock Repurchased | $205M | $107M | $182M | $27M | $0 | $147M | $482M | · | · | $218M | $675M | · | |
| Net Stock Activity | $-205M | $-107M | $-181M | $-26M | $138M | $-147M | $-482M | · | · | $-214M | $-673M | $4M | |
| Dividends Paid | $623M | $737M | $547M | $150M | $0 | $320M | $623M | $629M | $628M | $596M | $646M | $469M | |
| Financing Cash Flow | $-868M | $-13M | $-771M | $-874M | $-657M | $1.23B | $-1.31B | $-748M | $-402M | $-1.04B | · | · | |
| Net Change in Cash | $139M | $-565M | $489M | $-79M | $-1.52B | $726M | $-6M | $647M | $565M | $167M | $-421M | $-173M | |
| Taxes Paid | $11M | $11M | $12M | · | · | · | $93M | $82M | $40M | $15M | $9M | $22M | |
| Free Cash Flow | · | · | · | · | · | · | · | $1.03B | $1.02B | $1.01B | $783M | $826M | |
| Levered FCF | · | · | · | · | · | · | · | $870M | $879M | $864M | $553M | $616M |
Profitability 7
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 14.0% | 15.4% | 15.6% | 15.8% | -8.6% | -58.8% | 14.6% | 9.6% | 12.6% | 12.6% | 12.1% | 13.3% | |
| Net Margin | 12.5% | 12.3% | 13.9% | 12.9% | -0.38% | -45.2% | 16.8% | 19.7% | 10.5% | 14.0% | 10.4% | 13.7% | |
| Pretax Margin | 13.4% | 12.7% | 14.8% | 13.6% | -3.5% | -59.3% | 17.6% | 23.5% | 12.1% | 14.9% | 10.8% | 14.2% | |
| EBITDA Margin | 14.0% | 15.4% | 15.6% | 15.8% | -8.6% | -58.8% | 14.6% | 9.6% | 12.6% | 12.6% | 12.1% | 13.3% | |
| ROA | 5.9% | 5.5% | 6.0% | 5.1% | -0.09% | -5.8% | 7.5% | 9.1% | 4.9% | 6.6% | 4.7% | 5.9% | |
| ROE | 11.6% | 10.5% | 11.1% | 9.6% | -0.17% | -10.7% | 12.4% | 15.0% | 8.1% | 10.8% | 7.8% | 10.1% | |
| ROIC | 12.4% | 13.0% | 11.9% | 11.1% | -0.42% | -11.6% | 10.6% | 6.3% | 8.5% | 9.3% | 9.1% | 9.5% |
Liquidity & Solvency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | 4.3 | 5.0 | -1.3 | -4.9 | 3.6 | 3.0 | 4.0 | 4.4 | 2.8 | 3.3 |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.5 | 0.4 | 0.4 | 0.4 | 0.2 | 0.1 | 0.4 | 0.5 | 0.5 | 0.5 | 0.4 | 0.4 |
Growth Rates 8
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 7.6% | 7.0% | 8.2% | 69.8% | 78.4% | · | · | · | · | · | · | · | |
| Revenue CAGR 3Y | 7.6% | 25.3% | 48.5% | · | · | · | · | · | · | · | · | · | |
| Revenue CAGR 5Y | 30.4% | · | · | · | · | · | · | · | · | · | · | · | |
| EPS YoY | 11.1% | -4.8% | 18.2% | · | · | · | · | · | · | · | · | · | |
| EPS CAGR 3Y | 7.7% | · | · | · | · | · | · | · | · | · | · | · | |
| Net Income YoY | 9.8% | -5.8% | 16.9% | · | · | · | · | · | · | · | · | · | |
| Net Income CAGR 3Y | 6.5% | · | · | · | · | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 14.2% | · | · | · | · | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.11B | $5.68B | $5.31B | $4.91B | $2.89B | $1.62B | $5.47B | $5.52B | $5.39B | $5.43B | $5.35B | $5.32B | |
| Net Income TTM | $765M | $697M | $740M | $633M | $-11M | $-732M | $920M | $1.09B | $564M | $762M | $558M | $732M | |
| Market Cap | $12.19B | $12.25B | $13.70B | $11.45B | $12.42B | $10.32B | $13.23B | $12.34B | $14.67B | $13.90B | $11.51B | $17.97B | |
| P/E | 16.1 | 17.7 | 18.7 | 18.2 | -869.5 | -14.1 | 14.7 | 11.3 | 26.1 | 18.5 | 20.7 | 24.8 | |
| P/S | 2.0 | 2.2 | 2.6 | 2.3 | 4.3 | 6.4 | 2.4 | 2.2 | 2.7 | 2.6 | 2.2 | 3.4 | |
| P/B | 1.9 | 1.9 | 2.1 | 1.7 | 1.9 | 1.6 | 1.8 | 1.6 | 2.1 | 2.0 | 1.6 | 2.4 | |
| P / Tangible Book | 1.9 | 1.9 | 2.1 | 1.7 | 1.9 | 1.6 | · | · | · | · | · | · | |
| P / Cash Flow | 8.1 | 8.2 | 9.5 | 8.1 | 42.5 | -33.6 | 10.6 | 9.5 | 11.9 | 10.7 | 9.8 | 15.6 | |
| P / FCF | · | · | · | · | · | · | · | 12.0 | 14.3 | 13.8 | 14.7 | 21.7 | |
| Dividend Yield | 5.1% | 6.0% | 4.0% | 1.3% | 0.00% | 3.1% | 4.7% | 5.1% | 4.3% | 4.3% | 5.6% | 2.6% | |
| Earnings Yield | 6.2% | 5.7% | 5.3% | 5.5% | -0.12% | -7.1% | 6.8% | 8.8% | 3.8% | 5.4% | 4.8% | 4.0% | |
| Payout Ratio | 81.4% | 105.7% | 73.9% | 23.7% | 0.00% | -43.7% | 67.7% | 57.9% | 111.3% | 78.2% | 115.8% | 64.1% | |
| Annual Payout | $623M | $737M | $547M | $150M | $0 | $320M | $623M | $629M | $628M | $596M | $646M | $469M |
Income Statement 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.64B | $1.65B | $1.60B | $1.33B | $1.59B | $1.59B | $1.43B | $1.32B | $1.47B | $1.47B | $1.32B | $1.21B | $1.39B | $1.38B | $1.26B | $1.19B | |
| SG&A Expense | $29M | $28M | $41M | $27M | $25M | $31M | $42M | $25M | $29M | $27M | $42M | $29M | $30M | $31M | $30M | $29M | |
| Operating Expenses | $1.35B | $1.33B | $1.41B | $1.23B | $1.31B | $1.31B | $1.27B | $1.18B | $1.17B | $1.18B | $1.15B | $1.06B | $1.14B | $1.13B | $1.08B | $1.04B | |
| Operating Income | $293M | $319M | $192M | $101M | $277M | $285M | $157M | $135M | $292M | $291M | $173M | $157M | $249M | $248M | $178M | $148M | |
| Interest Expense | · | · | · | · | · | · | · | · | $50M | $47M | · | $48M | $45M | $49M | · | $40M | |
| Pretax Income | $259M | $518M | $144M | $172M | $252M | $250M | $103M | $90M | $258M | $270M | $143M | $128M | $228M | $289M | $146M | $122M | |
| Income Tax | $18M | $17M | $7M | $9M | $27M | $-1M | $-6M | $6M | $16M | $-2M | $9M | $15M | $14M | $-2M | $-3M | $6M | |
| Net Income | $237M | $494M | $135M | $161M | $221M | $248M | $108M | $82M | $239M | $268M | $132M | $111M | $210M | $287M | $147M | $114M | |
| EPS (Basic) | $0.35 | $0.72 | $0.21 | $0.23 | $0.32 | $0.35 | $0.15 | $0.12 | $0.34 | $0.38 | $0.18 | $0.16 | $0.30 | $0.40 | $0.21 | $0.16 | |
| EPS (Diluted) | $0.35 | $0.72 | $0.20 | $0.23 | $0.32 | $0.35 | $0.15 | $0.12 | $0.34 | $0.38 | $0.19 | $0.16 | $0.29 | $0.40 | $0.20 | $0.16 | |
| Shares (Basic) | 684,900,000 | 687,500,000 | -1,386,400,000 | 687,500,000 | 692,500,000 | 697,800,000 | -1,407,100,000 | 700,900,000 | 704,300,000 | 704,000,000 | -1,424,700,000 | 709,700,000 | 711,300,000 | 713,400,000 | -1,429,300,000 | 714,900,000 | |
| Shares (Diluted) | 687,000,000 | 689,300,000 | -1,387,600,000 | 689,500,000 | 693,900,000 | 698,300,000 | -1,409,800,000 | 702,400,000 | 705,900,000 | 705,500,000 | -1,427,200,000 | 711,900,000 | 713,200,000 | 714,900,000 | -1,433,200,000 | 717,600,000 | |
| EBITDA | $293M | $319M | · | $101M | $277M | $285M | · | $135M | $292M | $291M | · | $157M | $249M | $248M | · | $148M |
Balance Sheet 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.95B | $1.70B | $768M | $539M | $490M | $428M | $554M | $564M | $805M | $1.35B | $1.14B | $916M | $802M | $563M | $667M | $883M | |
| PP&E (Net) | $9.64B | $9.70B | $10.64B | $10.67B | $10.79B | $10.86B | $10.91B | $10.96B | $10.02B | $9.56B | $9.62B | $9.68B | $9.72B | $9.72B | $9.75B | $9.48B | |
| PP&E (Gross) | $20.31B | $20.18B | $21.16B | $21.00B | $21.03B | $20.96B | $20.81B | $20.68B | $19.56B | $18.92B | · | $18.71B | $18.58B | $18.41B | · | $18.06B | |
| Accum. Depreciation | $10.67B | $10.48B | $10.53B | $10.33B | $10.24B | $10.10B | $9.90B | $9.72B | $9.54B | $9.35B | · | $9.03B | $8.86B | $8.69B | · | $8.57B | |
| Total Assets | $13.25B | $13.15B | $13.05B | $13.04B | $12.96B | $12.95B | $13.05B | $13.08B | $12.41B | $12.46B | · | $12.29B | $12.37B | $12.22B | · | $12.17B | |
| Capital Leases | · | · | $563M | · | · | · | · | · | · | · | · | · | · | · | · | · | |
| Total Liabilities | $6.63B | $6.14B | $6.32B | $6.23B | $6.18B | $6.16B | $6.27B | $6.20B | $5.42B | $5.52B | · | $5.26B | $5.22B | $5.20B | · | $5.18B | |
| Long-term Debt | · | · | $1.27B | · | · | · | $896M | · | · | · | · | · | · | · | · | · | |
| Common Stock | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | $7M | · | $7M | $7M | $7M | · | $7M | |
| Retained Earnings | $-712M | $-314M | $-670M | $-563M | $-585M | $-668M | $-777M | $-674M | $-615M | $-712M | · | $-652M | $-636M | $-739M | · | $-856M | |
| AOCI | $-66M | $-65M | $-68M | $-67M | $-74M | $-79M | $-83M | $-75M | $-78M | $-73M | · | $-73M | $-70M | $-73M | · | $-77M | |
| Stockholders' Equity | $6.39B | $6.83B | $6.56B | $6.66B | $6.64B | $6.65B | $6.61B | $6.71B | $6.81B | $6.74B | · | $6.87B | $6.97B | $6.86B | · | $6.81B | |
| Liabilities + Equity | $13.25B | $13.15B | $13.05B | $13.04B | $12.96B | $12.95B | $13.05B | $13.08B | $12.41B | $12.46B | · | $12.29B | $12.37B | $12.22B | · | $12.17B | |
| Shares Outstanding | 685,000,000 | 684,900,000 | 687,800,000 | 687,700,000 | 687,500,000 | 693,700,000 | 699,100,000 | 699,000,000 | 702,300,000 | 705,000,000 | 703,600,000 | 705,400,000 | 711,400,000 | 711,200,000 | 713,400,000 | 714,900,000 |
Cash Flow 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $193M | $190M | $208M | $196M | $195M | $196M | $197M | $197M | $188M | $180M | $186M | $174M | $168M | $169M | $166M | $164M | |
| Stock-based Comp | $6M | $6M | $10M | $5M | $5M | $6M | $7M | $6M | $5M | $6M | $11M | $6M | $6M | $7M | $7M | $9M | |
| Operating Cash Flow | $503M | $342M | $543M | $218M | $444M | $305M | $331M | $349M | $453M | $365M | $307M | $314M | $512M | $308M | $360M | $348M | |
| Investing Cash Flow | $-108M | $914M | $-207M | $-102M | $-115M | $-83M | $-189M | $-1.08B | $-675M | $-100M | $80M | $12M | $-170M | $-105M | $-446M | $-112M | |
| Stock Issued | · | · | · | · | · | · | · | · | · | · | · | · | · | · | · | $1M | |
| Stock Repurchased | $0 | $75M | $0 | $0 | $105M | $100M | $0 | $57M | $50M | $0 | $32M | $100M | $0 | $50M | $27M | $0 | |
| Net Stock Activity | · | $-75M | · | · | · | $-100M | · | · | · | $0 | · | · | · | $-50M | · | · | |
| Dividends Paid | $136M | $241M | $137M | $138M | $138M | $210M | $139M | $141M | $141M | $316M | $127M | $107M | $85M | $228M | $85M | $44M | |
| Financing Cash Flow | $-139M | $-337M | $-145M | $-140M | $-256M | $-327M | $-142M | $482M | $-309M | $-44M | $-165M | $-210M | $-704M | $-308M | $-115M | $-44M | |
| Net Change in Cash | $255M | $919M | $191M | $-25M | $77M | $-104M | $-8M | $-243M | $-533M | $219M | $224M | $114M | $255M | $-104M | $-200M | $189M | |
| Taxes Paid | $5M | $9M | $2M | $2M | $5M | $2M | $5M | $1M | $3M | $2M | $7M | $3M | $3M | $-1M | · | $0 |
Profitability 7
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Margin | 17.9% | 19.4% | · | 7.6% | 17.5% | 17.9% | · | 10.2% | 19.9% | 19.8% | · | 12.9% | 17.9% | 18.0% | · | 12.4% | |
| Net Margin | 14.4% | 30.0% | · | 12.1% | 13.9% | 15.6% | · | 6.2% | 16.3% | 18.2% | · | 9.1% | 15.1% | 20.8% | · | 9.6% | |
| Pretax Margin | 15.8% | 31.5% | · | 12.9% | 15.9% | 15.7% | · | 6.8% | 17.6% | 18.4% | · | 10.5% | 16.4% | 20.9% | · | 10.3% | |
| EBITDA Margin | 17.9% | 19.4% | · | 7.6% | 17.5% | 17.9% | · | 10.2% | 19.9% | 19.8% | · | 12.9% | 17.9% | 18.0% | · | 12.4% | |
| ROA | 1.8% | 3.8% | · | 1.2% | 1.7% | 1.9% | · | 0.65% | 1.9% | 2.2% | · | 0.91% | 1.7% | 2.4% | · | 0.92% | |
| ROE | 3.6% | 7.3% | · | 2.4% | 3.3% | 3.7% | · | 1.2% | 3.5% | 3.9% | · | 1.6% | 3.0% | 4.3% | · | 1.8% | |
| ROIC | 4.3% | 4.5% | · | 1.4% | 3.7% | 4.3% | · | 1.9% | 4.0% | 4.3% | · | 2.0% | 3.4% | 3.6% | · | 2.1% |
Liquidity & Solvency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Interest Coverage | · | · | · | · | · | · | · | · | 5.8 | 6.2 | · | 3.3 | 5.5 | 5.1 | · | 3.7 |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 | 0.1 | 0.1 | · | 0.1 |
Valuation (TTM) 10
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $6.20B | $6.16B | · | $5.83B | $5.96B | $5.85B | · | $5.47B | $5.54B | $5.46B | · | $5.18B | $5.34B | $5.03B | · | $4.49B | |
| Net Income TTM | $1.11B | $1.12B | · | $712M | $790M | $837M | · | $700M | $828M | $876M | · | $722M | $867M | $773M | · | $367M | |
| Market Cap | $16.24B | $13.12B | · | $11.70B | $10.56B | $9.86B | · | $12.30B | $12.63B | $14.58B | · | $11.34B | $11.97B | $11.73B | · | $11.35B | |
| P/E | 14.6 | 11.8 | · | 16.7 | 13.6 | 11.9 | · | 17.6 | 15.4 | 16.8 | · | 15.9 | 13.9 | 15.3 | · | 31.1 | |
| P/S | 2.6 | 2.1 | · | 2.0 | 1.8 | 1.7 | · | 2.2 | 2.3 | 2.7 | · | 2.2 | 2.2 | 2.3 | · | 2.5 | |
| P/B | 2.5 | 1.9 | · | 1.8 | 1.6 | 1.5 | · | 1.8 | 1.9 | 2.2 | · | 1.6 | 1.7 | 1.7 | · | 1.7 | |
| P / Tangible Book | 2.5 | 1.9 | · | 1.8 | 1.6 | 1.5 | · | 1.8 | 1.9 | 2.2 | · | 1.6 | 1.7 | 1.7 | · | 1.7 | |
| P / Cash Flow | · | 38.4 | · | · | · | 32.3 | · | · | · | 39.9 | · | · | · | 38.1 | · | · | |
| Earnings Yield | 6.8% | 8.5% | · | 6.0% | 7.4% | 8.4% | · | 5.7% | 6.5% | 5.9% | · | 6.3% | 7.2% | 6.6% | · | 3.2% | |
| Payout Ratio | · | 48.8% | · | · | · | 84.7% | · | · | · | 117.9% | · | · | · | 79.4% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | |
|---|---|---|---|---|---|
| Revenue | $6.11B | $5.68B | $5.31B | $4.91B | $2.89B |
| Operating Margin % | 14.0% | 15.4% | 15.6% | 15.8% | -8.6% |
| Net Income | $765M | $697M | $740M | $633M | $-11M |
| Diluted EPS | $1.10 | $0.99 | $1.04 | $0.88 | $-0.02 |
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Institutional owners (13F) 782 filers · $11.2B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 112 (-8 vs prior Q) | 44 (-11 vs prior Q) | 306 (+29 vs prior Q) | 213 (+48 vs prior Q) | +112.7M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD GROUP INC | $1,807,470,471 | 101,944,189 | 16.13% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $1,437,483,099 | 60,627,714 | 12.83% | Shares |
| STATE STREET CORP | $1,032,940,573 | 41,955,050 | 9.22% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $1,025,381,391 | 43,246,790 | 9.15% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $459,714,464 | 19,420,001 | 4.10% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $304,301,490 | 12,834,310 | 2.72% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $269,598,799 | 11,370,679 | 2.41% | Shares |
| BANK OF AMERICA CORP /DE/ | $265,803,327 | 11,210,600 | 2.37% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $237,403,504 | 10,012,801 | 2.12% | Shares |
| AMERIPRISE FINANCIAL INC | $181,812,445 | 7,665,038 | 1.62% | Shares |
| NORGES BANK | $179,432,491 | 7,567,798 | 1.60% | Shares |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | $138,961,489 | 5,860,881 | 1.24% | Shares |
| Caisse de depot et placement du Quebec | $113,169,798 | 4,773,083 | 1.01% | Shares |
| PANAGORA ASSET MANAGEMENT INC | $100,240,403 | 4,227,769 | 0.89% | Shares |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $98,316,336 | 4,146,619 | 0.88% | Shares |
| BlackRock, Inc. | $97,132,804 | 4,096,702 | 0.87% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $85,754,375 | 3,616,802 | 0.77% | Shares |
| GOLDMAN SACHS GROUP INC | $77,511,002 | 3,269,127 | 0.69% | Shares |
| OMERS ADMINISTRATION Corp | $72,979,380 | 3,078,000 | 0.65% | Shares |
| CI INVESTMENTS INC. | $71,949,821 | 3,034,577 | 0.64% | Shares |
| Gotham Asset Management, LLC | $64,309,700 | 2,712,345 | 0.57% | Shares |
| PRUDENTIAL FINANCIAL INC | $63,171,881 | 2,664,356 | 0.56% | Shares |
| Holocene Advisors, LP | $62,314,883 | 2,628,211 | 0.56% | Shares |
| AMERICAN CENTURY COMPANIES INC | $62,277,232 | 2,626,623 | 0.56% | Shares |
| Allianz Asset Management GmbH | $60,434,609 | 2,548,908 | 0.54% | Shares |
| MILLER HOWARD INVESTMENTS INC /NY | $57,345,787 | 2,418,633 | 0.51% | Shares |
| APG Asset Management US Inc. | $56,499,972 | 2,419,699 | 0.50% | Shares |
| BARCLAYS PLC | $56,356,820 | 2,376,922 | 0.50% | Shares |
| Brandywine Global Investment Management, LLC | $56,087,969 | 3,163,450 | 0.50% | Shares |
| Daiwa Securities Group Inc. | $55,615,314 | 2,345,648 | 0.50% | Shares |
| NewEdge Wealth, LLC | $52,345,235 | 2,207,728 | 0.47% | Shares |
| MACKENZIE FINANCIAL CORP | $51,253,385 | 2,161,678 | 0.46% | Shares |
| HSBC HOLDINGS PLC | $50,703,604 | 2,139,844 | 0.45% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $46,048,045 | 1,942,136 | 0.41% | Shares |
| Sumitomo Mitsui Trust Group, Inc. | $45,951,000 | 1,938,043 | 0.41% | Shares |
| FMR LLC | $41,621,597 | 1,755,445 | 0.37% | Shares |
| CITADEL ADVISORS LLC | $40,763,915 | 1,719,271 | 0.36% | Shares |
| TUDOR INVESTMENT CORP ET AL | $39,279,907 | 1,656,681 | 0.35% | Shares |
| LOS ANGELES CAPITAL MANAGEMENT LLC | $38,037,336 | 1,604,274 | 0.34% | Shares |
| California Public Employees Retirement System | $38,024,012 | 1,603,712 | 0.34% | Shares |
| Quantinno Capital Management LP | $37,835,195 | 1,595,748 | 0.34% | Shares |
| Man Group plc | $36,998,957 | 1,560,479 | 0.33% | Shares |
| MILLENNIUM MANAGEMENT LLC | $36,017,031 | 1,519,065 | 0.32% | Shares |
| Resolution Capital Ltd | $35,044,684 | 1,478,055 | 0.31% | Shares |
| Swiss National Bank | $32,721,673 | 1,380,079 | 0.29% | Shares |
| Mitsubishi UFJ Asset Management Co., Ltd. | $31,888,551 | 1,344,941 | 0.28% | Shares |
| Vanguard Global Advisers, LLC | $31,189,723 | 1,315,467 | 0.28% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $30,905,511 | 1,303,480 | 0.28% | Shares |
| LASALLE INVESTMENT MANAGEMENT SECURITIES LLC | $28,864,957 | 1,217,417 | 0.26% | Shares |
| ALGERT GLOBAL LLC | $28,362,376 | 1,196,220 | 0.25% | Shares |
| RHUMBLINE ADVISERS | $28,026,110 | 1,182,042 | 0.25% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $27,755,769 | 1,170,636 | 0.25% | Shares |
| Arbejdsmarkedets Tillaegspension | $27,596,069 | 1,163,900 | 0.25% | Shares |
| Advisors Capital Management, LLC | $27,039,846 | 1,140,440 | 0.24% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $25,579,890 | 1,078,865 | 0.23% | Shares |
| NOMURA ASSET MANAGEMENT CO LTD | $24,995,319 | 1,054,210 | 0.22% | Shares |
| PINEBRIDGE INVESTMENTS LLC | $24,868,115 | 1,048,845 | 0.22% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $23,355,616 | 985,747 | 0.21% | Shares |
| FIRST TRUST ADVISORS LP | $23,351,399 | 984,876 | 0.21% | Shares |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $21,757,078 | 917,633 | 0.19% | Shares |
| IEQ CAPITAL, LLC | $21,568,082 | 909,662 | 0.19% | Shares |
| Susquehanna Portfolio Strategies, LLC | $21,133,458 | 891,331 | 0.19% | Shares |
| LAZARD ASSET MANAGEMENT LLC | $20,920,590 | 882,353 | 0.19% | Shares |
| Sophron Capital Management L.P. | $20,459,525 | 862,907 | 0.18% | Shares |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | $20,219,000 | 852,783 | 0.18% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $19,861,084 | 837,667 | 0.18% | Shares |
| Asset Management One Co., Ltd. | $19,647,469 | 1,025,442 | 0.18% | Shares |
| Apollo Management Holdings, L.P. | $19,017,080 | 802,070 | 0.17% | Shares |
| JANE STREET GROUP, LLC | $18,975,113 | 800,300 | 0.17% | Call option |
| ALLIANCEBERNSTEIN L.P. | $18,956,406 | 989,374 | 0.17% | Shares |
| VIRGINIA RETIREMENT SYSTEMS ET Al | $18,099,139 | 1,020,820 | 0.16% | Shares |
| STATE OF WISCONSIN INVESTMENT BOARD | $17,252,012 | 727,626 | 0.15% | Shares |
| MARSHALL WACE, LLP | $17,207,082 | 725,731 | 0.15% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $16,856,500 | 710,992 | 0.15% | Shares |
| MACQUARIE GROUP LTD | $16,841,332 | 710,305 | 0.15% | Shares |
| CAPITOLIS LIQUID GLOBAL MARKETS LLC | $16,674,413 | 703,265 | 0.15% | Shares |
| Weiss Asset Management LP | $16,617,675 | 700,872 | 0.15% | Shares |
| Nuveen Asset Management, LLC | $15,565,714 | 888,454 | 0.14% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $15,447,089 | 651,501 | 0.14% | Shares |
| JONES FINANCIAL COMPANIES LLLP | $15,360,099 | 612,933 | 0.14% | Shares |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | $15,350,897 | 647,444 | 0.14% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $15,209,400 | 793,810 | 0.14% | Shares |
| Vanguard Investments Australia, Ltd. | $14,874,895 | 627,368 | 0.13% | Shares |
| NISA INVESTMENT ADVISORS, LLC | $14,602,944 | 594,961 | 0.13% | Shares |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | $13,483,965 | 613,745 | 0.12% | Shares |
| TWO SIGMA INVESTMENTS, LP | $13,432,877 | 566,549 | 0.12% | Shares |
| Qube Research & Technologies Ltd | $13,146,199 | 554,458 | 0.12% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $13,126,069 | 553,609 | 0.12% | Shares |
| SummitTX Capital, L.P. | $12,722,573 | 536,591 | 0.11% | Shares |
| PFA Pension, Forsikringsaktieselskab | $12,621,307 | 532,320 | 0.11% | Shares |
| Bank Julius Baer & Co. Ltd, Zurich | $12,532,993 | 502,929 | 0.11% | Shares |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | $12,445,592 | 524,909 | 0.11% | Shares |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC | $12,356,348 | 521,145 | 0.11% | Shares |
| Hudson Bay Capital Management LP | $12,106,942 | 510,626 | 0.11% | Shares |
| Illinois Municipal Retirement Fund | $11,807,248 | 497,986 | 0.11% | Shares |
| Retirement Systems of Alabama | $11,628,901 | 490,464 | 0.10% | Shares |
| ExodusPoint Capital Management, LP | $11,440,288 | 482,509 | 0.10% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $10,986,669 | 463,377 | 0.10% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $10,984,013 | 463,265 | 0.10% | Shares |
| D. E. Shaw & Co., Inc. | $10,843,176 | 457,325 | 0.10% | Shares |
Company insiders 37 insiders · 20 officers · 18 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| James F Risoleo | President and CEO | Feb. 17, 2026 F | 3,096,034 | 0 | 0 | $0 |
| Edward W Walter | President & CEO | Dec. 19, 2016 M | 54,420 | 0 | 0 | $0 |
| Christopher J Nassetta | President and CEO | April 30, 2007 S | 950,949 | 0 | 0 | $0 |
| Sourav Ghosh | EVP, Chief Financial Officer | Feb. 17, 2026 F | 512,010 | 0 | 0 | $0 |
| Michael D Bluhm | Chief Financial Officer | Nov. 6, 2019 F | 159,688 | 0 | 0 | $0 |
| Gregory J Larson | EVP & Chief Financial Officer | March 17, 2017 S | 157,163 | 0 | 0 | $0 |
| Larry K Harvey | EVP and CFO | May 21, 2013 M | 295,678 | 0 | 0 | $0 |
| Nathan S Tyrrell | EVP, Ch. Investment Officer | May 26, 2026 S | 682,089 | 0 | 4 | $-2,031,608 |
| Joseph Ottinger | SVP & Corp. Controller | May 14, 2026 F | 44,661 | 0 | 0 | $0 |
| Michael E Lentz | EVP, Development, D&C | Feb. 27, 2026 M | 331,536 | 0 | 2 | $-870,226 |
| Julie P Aslaksen | EVP, General Counsel & Sec. | Feb. 17, 2026 F | 349,219 | 0 | 0 | $0 |
| Mari Sifo | Executive Vice President and | Feb. 10, 2025 F | 22,624 | 0 | 0 | $0 |
| Joanne G. Hamilton | EVP, Human Resources | Feb. 15, 2022 A | 185,104 | 0 | 0 | $0 |
| Brian G Macnamara | SVP, Controller | Nov. 11, 2020 S | 57,987 | 0 | 0 | $0 |
| Richard E Marriott | Chairman of the Board | May 15, 2020 G | 3,194,711 | 0 | 0 | $0 |
| Elizabeth A Abdoo | EVP & General Counsel | Feb. 13, 2019 F | 211,822 | 0 | 0 | $0 |
| Minaz Abji | EVP, Asset Management | March 1, 2017 M | 121,788 | 0 | 0 | $0 |
| Struan Bryer Robertson | Exec. Vice President & CIO | May 15, 2015 J | 0 | 0 | 0 | $0 |
| Gerard E. Haberman | SVP, Dev, Des & Construction | May 14, 2015 J | 0 | 0 | 0 | $0 |
| Pamela K Wagoner | Senior Vice President | May 14, 2009 J | 70,677 | 0 | 0 | $0 |
| Mary Hogan Preusse | Director | July 15, 2026 A | 13,590 | 0 | 0 | $0 |
| Gordon H Smith | Director | July 15, 2026 A | 62,075 | 0 | 0 | $0 |
| Mary Baglivo | Director | July 15, 2026 A | 16,431 | 0 | 0 | $0 |
| William A Stein | Director | July 15, 2026 A | 12,674 | 0 | 0 | $0 |
| Diana Laing | Director | July 15, 2026 A | — | 0 | 0 | $0 |
| Walter C Rakowich | Director | May 26, 2026 S | 76,537 | 0 | 1 | $-78,043 |
| Herman E Bulls | Director | May 20, 2026 A | 54,806 | 0 | 0 | $0 |
| John B Morse JR | Director | April 15, 2022 A | 90,418 | 0 | 0 | $0 |
| Sandeep Mathrani | Director | May 20, 2021 A | 21,516 | 0 | 0 | $0 |
| Sheila Colleen Bair | Director | May 15, 2020 D | 1,000 | 0 | 0 | $0 |
| Ann Mclaughlin Korologos | Director | May 15, 2020 D | 116,862 | 0 | 0 | $0 |
| Terence C Golden | Director | May 11, 2017 M | 0 | 0 | 0 | $0 |
| Robert M Baylis | Director | April 15, 2014 A | 13,809 | 0 | 0 | $0 |
| Willard Woodson Brittain JR | Director | May 10, 2012 J | 0 | 0 | 0 | $0 |
| Judith A Mchale | Director | May 14, 2009 A | 27,298 | 0 | 0 | $0 |
| Richard A Burton | — | May 11, 2005 J | 0 | 0 | 0 | $0 |
| John A Carnella | — | March 14, 2005 S | 0 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 10 positions
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| Undisclosed reporting person | Sept. 4, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person | July 15, 2002 | — | Initial filing | — | SEC |
| Undisclosed reporting person | May 23, 2002 | — | Initial filing | — | SEC |
| Nov. 28, 2001 | — | Initial filing | — | SEC | |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | June 14, 2001 | — | Initial filing | — | SEC |
| June 1, 2001 | — | Initial filing | — | SEC | |
| Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person, Undisclosed reporting person | May 15, 2001 | — | Initial filing | — | SEC |
| May 4, 2001 | — | Initial filing | — | SEC | |
| Blackstone Real Estate Partners II L.P., Blackstone Real Estate Holdings II L.P., Blackstone Real Estate Partners II.TE.1 L.P., Blackstone Real Estate Partners II.TE.2 L.P., Blackstone Real Estate Partners II.TE.3 L.P., Blackstone Real Estate Partners II.TE.4 L.P., Blackstone Real Estate Partners II.TE.5 L.P., Blackstone Real Estate Partners I L.P., Blackstone Real Estate Partners Two L.P., Blackstone Real Estate Partners Three L.P., Blackstone Real Estate Partners IV L.P., Blackstone RE Capital Partners L.P., Blackstone RE Capital Partners II L.P., Blackstone RE Offshore Capital Partners L.P., Blackstone Real Estate Holdings L.P., CR/RE L.L.C (2), BRE Logan Hotel Inc., BRE/Ceriale L.L.C. (2), RTZ Management Corp. (2), Blackstone Real Estate Associates L.P. (2), Blackstone Real Estate Associates II L.P. (2), Blackstone Real Estate Management II L.P. (2), BREA L.L.C. (2), BREA II L.L.C. (2), Peter G. Peterson (2), Stephen A. Schwarzman (2), John G. Schreiber (2), John Ceriale (2) | Feb. 14, 2001 | — | Initial filing | — | SEC |
| Feb. 2, 2001 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 155 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SRHR · Elevation Series Trust | 4.31% | 103,525 NS | April 30, 2026 | N-PORT |
| ADPV · Series Portfolios Trust | 3.73% | 302,503 NS | April 30, 2026 | N-PORT |
| REIT · ALPS ETF Trust | 3.59% | 81,889 NS | May 31, 2026 | N-PORT |
| IRET · Tidal Trust II | 3.56% | 4,465 NS | April 30, 2026 | N-PORT |
| RSPR · Invesco Exchange-Traded Fund Trust | 3.16% | 135,772 | Aug. 8, 2026 | Daily |
| SPDV · ETF Series Solutions | 2.06% | 87,687 NS | April 30, 2026 | N-PORT |
| ICF · iShares Trust | 1.85% | 1,666,685 SH | Aug. 8, 2026 | Daily |
| GQRE · FlexShares Trust | 1.78% | 322,728 NS | April 30, 2026 | N-PORT |
| VGSR · Manager Directed Portfolios | 1.39% | 333,723 NS | March 31, 2026 | N-PORT |
| BBRE · J.P. Morgan Exchange-Traded Fund Tr… | 1.37% | 731,539 NS | May 31, 2026 | N-PORT |
| JPRE · J.P. Morgan Exchange-Traded Fund Tr… | 1.36% | 281,186 NS | May 31, 2026 | N-PORT |
| USRT · iShares Trust | 1.29% | 2,552,144 SH | Aug. 8, 2026 | Daily |
| DFAR · Dimensional ETF Trust | 1.13% | 903,743 NS | April 30, 2026 | N-PORT |
| VRAI · ETFis Series Trust I | 1.13% | 9,837 NS | April 30, 2026 | N-PORT |
| RDIV · Invesco Exchange-Traded Fund Trust … | 1.10% | 655,434 | Aug. 8, 2026 | Daily |
| URE · ProShares Trust | 1.08% | 26,355 NS | May 31, 2026 | N-PORT |
| IYR · iShares Trust | 1.08% | 2,092,220 SH | Aug. 8, 2026 | Daily |
| SCHH · SCHWAB STRATEGIC TRUST | 1.04% | 4,524,389 NS | May 31, 2026 | N-PORT |
| NUSC · Nushares ETF Trust | 1.03% | 627,298 NS | April 30, 2026 | N-PORT |
| CVY · Invesco Exchange-Traded Fund Trust | 0.99% | 52,883 | Aug. 8, 2026 | Daily |
| FREL · FIDELITY COVINGTON TRUST | 0.98% | 670,490 NS | April 30, 2026 | N-PORT |
| DRN · Direxion Shares ETF Trust | 0.94% | 20,914 NS | April 30, 2026 | N-PORT |
| IQRA · New York Life Investments Active ET… | 0.90% | 2,937 NS | April 30, 2026 | N-PORT |
| ERET · iShares Trust | 0.88% | 5,314 SH | Aug. 8, 2026 | Daily |
| VNQ · VANGUARD SPECIALIZED FUNDS | 0.87% | 26,179,418 SH | Aug. 8, 2026 | Daily |
| AVRE · AMERICAN CENTURY ETF TRUST | 0.87% | 305,959 NS | May 31, 2026 | N-PORT |
| REET · iShares Trust | 0.85% | 1,856,963 SH | Aug. 8, 2026 | Daily |
| HIDV · AB Active ETFs, Inc. | 0.84% | 69,969 NS | May 31, 2026 | N-PORT |
| SPVM · Invesco Exchange-Traded Fund Trust | 0.77% | 43,028 | Aug. 8, 2026 | Daily |
| DFGR · Dimensional ETF Trust | 0.73% | 1,215,205 NS | April 30, 2026 | N-PORT |
| PPTY · ETF Series Solutions | 0.69% | 7,403 NS | May 31, 2026 | N-PORT |
| AFMC · First Trust Exchange-Traded Fund VI… | 0.64% | 44,846 NS | May 31, 2026 | N-PORT |
| INFO · Harbor ETF Trust | 0.64% | 232,256 NS | April 30, 2026 | N-PORT |
| FNK · First Trust Exchange-Traded AlphaDE… | 0.62% | 63,632 NS | April 30, 2026 | N-PORT |
| IQSM · New York Life Investments ETF Trust | 0.60% | 89,549 NS | April 30, 2026 | N-PORT |
| VMAX · Lattice Strategies Trust | 0.58% | 12,852 NS | April 30, 2026 | N-PORT |
| KRMA · Global X Funds | 0.54% | 28,043 NS | May 31, 2026 | N-PORT |
| QDF · FlexShares Trust | 0.53% | 536,580 NS | April 30, 2026 | N-PORT |
| AFLG · First Trust Exchange-Traded Fund VI… | 0.52% | 145,481 NS | May 31, 2026 | N-PORT |
| ISCV · iShares Trust | 0.50% | 149,557 SH | Aug. 8, 2026 | Daily |
| LSVD · ADVISORS' INNER CIRCLE FUND | 0.50% | 142,618 NS | April 30, 2026 | N-PORT |
| JPUS · J.P. Morgan Exchange-Traded Fund Tr… | 0.42% | 88,460 NS | April 30, 2026 | N-PORT |
| JPME · J.P. Morgan Exchange-Traded Fund Tr… | 0.42% | 86,886 NS | April 30, 2026 | N-PORT |
| CLSE · Trust for Professional Managers | 0.41% | 110,816 NS | May 31, 2026 | N-PORT |
| BKMC · BNY Mellon ETF Trust | 0.38% | 112,124 NS | April 30, 2026 | N-PORT |
| VBR · VANGUARD INDEX FUNDS | 0.35% | 9,970,453 SH | Aug. 8, 2026 | Daily |
| FNX · First Trust Exchange-Traded AlphaDE… | 0.30% | 189,941 NS | April 30, 2026 | N-PORT |
| BBMC · J.P. Morgan Exchange-Traded Fund Tr… | 0.30% | 283,581 NS | April 30, 2026 | N-PORT |
| CSM · ProShares Trust | 0.29% | 67,000 NS | May 31, 2026 | N-PORT |
| SCHM · SCHWAB STRATEGIC TRUST | 0.27% | 1,731,053 NS | May 31, 2026 | N-PORT |