NEW YORK (TheStreet) -- Shares of Host Hotels & Resorts (HST - Get Report) are advancing 1.27% to $17.50 on Friday morning after the real estate investment trust posted in-line funds from operations, but slightly lower-than-expected revenue for the 2016 second quarter.
Before today's market open, the Bethesda, MD-based company reported adjusted funds from operations of 49 cents per share, matching analysts' estimates.
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 1.4% to $1.46 billion from last year. Analysts were projecting revenue of $1.47 billion.
For 2016, Host Hotels sees adjusted funds from operations between $1.63 and $1.67 per share. Analysts are looking for FFO of $1.68 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 increase in net income, revenue growth, reasonable valuation levels, good cash flow from operations and growth in earnings per share.
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