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Technical Analysis
SmarTrend® DOWNTREND Alert: Host Hotels & Resorts Beats Estimates, Guidance Disappoints - 2/18/2009 12:26:58 PM

Host Hotels & Resorts Inc. (NSYE:HST) reported Q4 Funds From Operations (FFO) of 53 cents per share, ahead of consensus estimates of 47 cents per share. Net revenues in the quarter slid 9% year-over-year to $1.65 billion, but were better than the $1.61 billion analysts were expecting. The company reported that revenue per available room (RevPAR) decreased by 9.4%, compared to last year. The company said that operating results for the past two months have deteriorated and sees 2009 FFO between 79-91 cents per share, vs. analyst estimates of $1.11 per share.


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