Wall Street brokerages expect Sunstone Hotel Investors Inc (NYSE:SHO) to announce $0.29 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Sunstone Hotel Investors’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.28. Sunstone Hotel Investors reported earnings of $0.31 per share during the same quarter last year, which would indicate a negative year over year growth rate of 6.5%. The firm is expected to announce its next quarterly earnings report on Monday, October 29th.
According to Zacks, analysts expect that Sunstone Hotel Investors will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.11 to $1.16. For the next year, analysts expect that the firm will report earnings of $1.17 per share, with EPS estimates ranging from $1.13 to $1.29. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that cover Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Monday, July 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.16). Sunstone Hotel Investors had a net margin of 10.08% and a return on equity of 4.26%. The company had revenue of $317.40 million during the quarter, compared to analyst estimates of $317.54 million. During the same quarter last year, the business earned $0.38 EPS. The firm’s revenue for the quarter was down .4% compared to the same quarter last year.
SHO has been the topic of several research analyst reports. ValuEngine lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. Barclays lifted their target price on Sunstone Hotel Investors from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, June 1st. Jefferies Financial Group initiated coverage on Sunstone Hotel Investors in a research note on Thursday, May 31st. They set a “hold” rating and a $17.00 target price on the stock. Finally, Boenning Scattergood reaffirmed a “buy” rating and set a $17.00 target price on shares of Sunstone Hotel Investors in a research note on Wednesday, May 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company. Sunstone Hotel Investors currently has an average rating of “Hold” and an average price target of $16.94.
Shares of Sunstone Hotel Investors traded down $0.18, hitting $15.86, during trading on Friday, according to MarketBeat Ratings. The company had a trading volume of 1,471,019 shares, compared to its average volume of 1,448,229. Sunstone Hotel Investors has a fifty-two week low of $14.09 and a fifty-two week high of $17.60. The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 13.83, a price-to-earnings-growth ratio of 2.99 and a beta of 1.06. The company has a quick ratio of 5.61, a current ratio of 5.62 and a debt-to-equity ratio of 0.40.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a $0.05 dividend. The ex-dividend date is Thursday, September 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.26%. Sunstone Hotel Investors’s payout ratio is 16.39%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB purchased a new position in Sunstone Hotel Investors during the 4th quarter worth $289,000. Lenox Wealth Management Inc. bought a new stake in Sunstone Hotel Investors during the 2nd quarter worth $296,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Sunstone Hotel Investors during the 2nd quarter worth $314,000. Federated Investors Inc. PA grew its position in Sunstone Hotel Investors by 156.0% during the 1st quarter. Federated Investors Inc. PA now owns 23,000 shares of the real estate investment trust’s stock worth $350,000 after acquiring an additional 14,015 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in Sunstone Hotel Investors during the 1st quarter worth $360,000.
Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of July 30, 2018 has interests in 24 hotels comprised of 12,046 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
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