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As Room Rates Rise, Host Hotels Beats in 1Q

Led by a surge in room rates, Host Hotels & Resorts (NYSE:HST) revealed a first-quarter top- and bottom-line beat on Friday and predicted earnings will most likely trump Wall Street expectations in fiscal 2013.The Bethesda, Md.-based real estate investment trust, which operates a wide suite of hotel brands including Marriott, Ritz-Carlton, Sheraton and Hyatt, reported funds from operations (FFO) of $218 million, or 29 cents a share.Excluding certain items, FFO was 28 cents, five pennies above average analyst estimates of 23 cents in a Thomson Reuters poll.Revenue for the three months ended March 31 was $1.26 billion, up from $952 million a year ago, beating the Street's view of $1.19 billion.The results were driven largely by a 5.1% increase to $142.87 million in comparable hotel RevPAR, a highly watched figure in the lodging industry that measures revenue per available room. The figure's growth was a reflection of higher average room rates, which grew 4%, cushioned by a 0.7 point incr...

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  1. Host Hotels Misses EPS Estimates

    Earnings HQ: FBN’s Diane Macedo breaks down HST ’s fourth-quarter earnings report.

  2. Financials Gain, Sector Drives S&P Earnings Growth

    U.S. financial stocks rose modestly with the broader market on Monday, but only Ameriprise Financial Inc , Host Hotels & Resorts Inc. and Lincoln National Corp. mana...

  3. Host Hotels &amp; Resorts 2Q Results: Postgame Scorecard

    Host Hotels & Resorts (NYSE:HST) missed estimates for the second quarter even with an increase in its profit.Earnings and Revenue The company's revenues topped Wall ...

  4. Host Hotels &amp; Resorts 2Q Earnings Pregame Scorecard

    Last quarter Host Hotels & Resorts (NYSE:HST) beat estimates by one cent per share and it is up again on Tuesday, July 17, 2012.ExpectationsAnalysts currently expect...

  5. Host Hotels Lifts Dividend by a Penny

    Host Hotels & Resorts (NYSE:HST) said Monday that its board authorized a 17% increase in its quarterly cash dividend, to 7 cents a share.The one-penny jump from 6 ce...

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    Today, these stocks are down on high volume:Trading at a volume of 15.8 million, or 2.7 its average daily volume, Caterpillar (NYSE:CAT) was down on high volume toda...

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