Wall Street analysts expect that Sunstone Hotel Investors Inc (NYSE:SHO) will post sales of $279.39 million for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Sunstone Hotel Investors’ earnings, with the highest sales estimate coming in at $282.95 million and the lowest estimate coming in at $274.00 million. Sunstone Hotel Investors posted sales of $289.31 million during the same quarter last year, which indicates a negative year over year growth rate of 3.4%. The firm is expected to issue its next earnings report after the market closes on Monday, November 4th.
According to Zacks, analysts expect that Sunstone Hotel Investors will report full year sales of $1.11 billion for the current year, with estimates ranging from $1.11 billion to $1.13 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.13 billion, with estimates ranging from $1.11 billion to $1.14 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.15). The business had revenue of $302.90 million for the quarter, compared to analysts’ expectations of $297.95 million. Sunstone Hotel Investors had a return on equity of 8.97% and a net margin of 20.14%. The company’s revenue was down 4.6% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share.
Several research analysts have commented on SHO shares. JPMorgan Chase & Co. decreased their price target on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Friday, September 6th. ValuEngine raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Deutsche Bank set a $15.00 price target on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Wedbush raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 26th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $14.25.
Shares of SHO stock traded up $0.04 during trading hours on Thursday, hitting $13.87. 1,023,514 shares of the company’s stock were exchanged, compared to its average volume of 2,047,112. The company has a market capitalization of $3.04 billion, a PE ratio of 11.85, a PEG ratio of 2.05 and a beta of 1.05. Sunstone Hotel Investors has a 12-month low of $12.54 and a 12-month high of $15.62. The business’s 50 day simple moving average is $13.61 and its 200-day simple moving average is $13.74. The company has a current ratio of 6.97, a quick ratio of 6.97 and a debt-to-equity ratio of 0.41.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Friday, September 27th. Sunstone Hotel Investors’s dividend payout ratio is 17.09%.
Several institutional investors have recently modified their holdings of SHO. Berman Capital Advisors LLC bought a new stake in Sunstone Hotel Investors in the second quarter valued at $144,000. Assetmark Inc. boosted its holdings in Sunstone Hotel Investors by 7,254.5% in the second quarter. Assetmark Inc. now owns 11,473 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 11,317 shares in the last quarter. ARP Americas LP bought a new stake in Sunstone Hotel Investors in the second quarter valued at $164,000. Tower Research Capital LLC TRC boosted its holdings in Sunstone Hotel Investors by 877.3% in the second quarter. Tower Research Capital LLC TRC now owns 13,409 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 12,037 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Sunstone Hotel Investors in the second quarter valued at $216,000.
About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 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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