Investing.com - Host Hotels Resorts reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Host Hotels Resorts announced earnings per share of $0.29 on revenue of $998M. Analysts polled by Investing.com anticipated EPS of $-0.0799 on revenue of $902.57M.
Host Hotels Resorts shares are up 11% from the beginning of the year, still down 0.16% from its 52 week high of $19.34 set on February 16. They are outperforming the S&P 500 which is down 6.11% from the start of the year.
Host Hotels Resorts shares gained 1.35% in after-hours trade following the report.
Host Hotels Resorts follows other major Real Estate sector earnings this month
Host Hotels Resorts's report follows an earnings beat by Prologis on January 19, who reported EPS of $1.67 on revenue of $1.07B, compared to forecasts EPS of $0.7055 on revenue of $1.04B.
Crown Castle had beat expectations on January 26 with fourth quarter EPS of $0.81 on revenue of $1.65B, compared to forecast for EPS of $0.7708 on revenue of $1.63B.
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