WASHINGTON (dpa-AFX) - Host Hotels & Resorts, Inc. (HST), the nation's largest lodging real estate investment trust, reported that its fourth-quarter net income to company increased to $254 million or $0.33 per share from $123 million or $0.16 per share, last year.
Adjusted FFO per share for the latest fourth quarter was $0.40, up 21.2% from $0.33 per share in the prior year period. On average, 21 analysts polled by Thomson Reuters expected the company to report profit per share of $0.39 for the quarter. Analysts' estimates typically exclude special items.
Total revenues dropped to $1.32 billion from $1.33 billion, a year ago. Analysts expected revenue of $1.35 billion for the quarter.
For full year 2015, the company expects total revenues of 1.5% to 2.7%. The company estimates full year earnings per share in the range of $0.62 to $0.65 and adjusted FFO per share in the range of $1.52 to $1.55. Analysts expect the company to report full year profit per share of $1.65.
On February 17, 2015, the Board of Directors authorized a regular quarterly cash dividend of $0.20 per share on its common stock. The dividend will be paid on April 15, 2015 to shareholders of record on March 31, 2015.
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