- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
S&P 500 (NYSE:SPY) component Host Hotels & Resorts Inc. (NYSE:HST) reported its results for the first quarter. Host Hotels & Resorts is a self-managed and self-administered hospitality real estate investment trust.
Investing Insights: What’s the Future of Microsoft’s Stock?
Host Hotels & Resorts Earnings Cheat Sheet for the First Quarter
Results: The company’s funds from operations (FFO) rose 27.3% from the year-earlier quarter to 14 cents. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings. It come in ahead of the consensus estimate of 13 cents per share. FFO, a measure of performance of a real estate investment trust (REIT), removes the profit-reducing effect that depreciation has on earnings.
Looking Forward: The outlook for the company’s results in the upcoming quarter is unfavorable. The average estimate for the second quarter is 33 cents per share, down from 35 cents ninety days ago. For the fiscal year, the average estimate has moved down from $1.09 a share to $1.02 over the last ninety days.
Competitors to Watch: Ashford Hospitality Trust, Inc., MHI Hospitality Corp., Vornado Realty Trust, American Assets Trust, Inc, Boston Properties, Inc., Federal Realty Inv. Trust, LaSalle Hotel Properties, Strategic Hotels & Resorts Inc., DiamondRock Hospitality Co., and Chatham Lodging Trust.
(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)
Don’t Miss These Additional Hot Stories:
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.