Before the market open, the Bethesda, MD-based real estate investment trust reported adjusted funds from operations of 41 cents per share, above analysts' expectations of 38 cents per share.
Funds from operations is a key metric in the REIT industry, which takes net income and adds back items such as depreciation and amortization.
Revenue rose by 2.8% to $1.34 billion year-over-year, but was slightly below analysts' estimates of $1.35 billion.
"We are pleased with our first quarter operations, as solid demand growth and significantly less disruption from renovation led to solid comparable hotel RevPAR growth of 3.6%, exceeding the U.S. upper-upscale and luxury hotel average by 170 basis points," CEO W. Edward Walter said in a statement.
For the full year, the REIT expects adjusted funds from operations per diluted share between $1.65 and $1.69.
Analysts are looking for FFO of $1.67 per share.
Separately, TheStreet Ratings Team has a "Buy" rating with a score of B- on the stock.
The company's strengths can be seen in multiple areas, such as its revenue growth and reasonable valuation levels. The team feels its strengths outweigh the fact that the company has had sub par growth in net income.
Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
You can view the full analysis from the report here: HST