Brokerages Anticipate Sunstone Hotel Investors Inc (SHO) Will Announce Earnings of $0.36 Per Share

Equities analysts forecast that Sunstone Hotel Investors Inc (NYSE:SHO) will report earnings per share of $0.36 for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Sunstone Hotel Investors’ earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.37. Sunstone Hotel Investors posted earnings per share of $0.38 during the same quarter last year, which would suggest a negative year over year growth rate of 5.3%. The company is scheduled to report its next quarterly earnings results on Tuesday, August 7th.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.18. For the next fiscal year, analysts expect that the firm will post earnings of $1.19 per share, with EPS estimates ranging from $1.13 to $1.25. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, May 7th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.04). The company had revenue of $271.45 million for the quarter, compared to analyst estimates of $263.09 million. Sunstone Hotel Investors had a net margin of 10.28% and a return on equity of 4.41%. The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same period last year, the business earned $0.24 EPS.

A number of equities research analysts have issued reports on SHO shares. Boenning Scattergood raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 21st. ValuEngine lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “sell” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Saturday, April 28th. Wells Fargo & Co reissued a “hold” rating on shares of Sunstone Hotel Investors in a research note on Friday, June 1st. Finally, Jefferies Financial Group started coverage on shares of Sunstone Hotel Investors in a research note on Thursday, May 31st. They set a “hold” rating and a $17.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.94.

Shares of NYSE:SHO traded down $0.03 during trading on Wednesday, reaching $16.41. 1,494,500 shares of the company traded hands, compared to its average volume of 2,133,467. The firm has a market capitalization of $3.71 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 2.55 and a beta of 1.10. Sunstone Hotel Investors has a 1-year low of $14.09 and a 1-year high of $17.60. The company has a quick ratio of 5.23, a current ratio of 5.24 and a debt-to-equity ratio of 0.42.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.22%. Sunstone Hotel Investors’s dividend payout ratio is currently 16.39%.

Several institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC raised its holdings in shares of Sunstone Hotel Investors by 14.0% during the 1st quarter. Hsbc Holdings PLC now owns 30,218 shares of the real estate investment trust’s stock valued at $460,000 after purchasing an additional 3,702 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sunstone Hotel Investors by 23.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,655 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 3,757 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its holdings in shares of Sunstone Hotel Investors by 4.1% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 98,816 shares of the real estate investment trust’s stock valued at $1,633,000 after purchasing an additional 3,935 shares in the last quarter. American International Group Inc. raised its holdings in shares of Sunstone Hotel Investors by 2.7% during the 4th quarter. American International Group Inc. now owns 152,086 shares of the real estate investment trust’s stock valued at $2,514,000 after purchasing an additional 3,995 shares in the last quarter. Finally, Martingale Asset Management L P raised its holdings in shares of Sunstone Hotel Investors by 2.9% during the 4th quarter. Martingale Asset Management L P now owns 148,622 shares of the real estate investment trust’s stock valued at $2,457,000 after purchasing an additional 4,182 shares in the last quarter.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of May 7, 2018 has interests in 25 hotels comprised of 12,450 rooms. Sunstone's hotels are primarily in the urban and resort upper upscale segment and are predominantly operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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