Sunstone Hotel Investors (SHO) Scheduled to Post Quarterly Earnings on Monday

Sunstone Hotel Investors (NYSE:SHO) will be issuing its quarterly earnings data before the market opens on Monday, May 6th. Analysts expect Sunstone Hotel Investors to post earnings of $0.18 per share for the quarter. Sunstone Hotel Investors has set its FY 2024 guidance at 0.780-0.900 EPS and its FY24 guidance at $0.78-0.90 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.44. The firm had revenue of $219.20 million for the quarter, compared to the consensus estimate of $192.56 million. Sunstone Hotel Investors had a net margin of 20.95% and a return on equity of 11.32%. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. On average, analysts expect Sunstone Hotel Investors to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sunstone Hotel Investors Trading Up 1.4 %

Shares of SHO stock opened at $10.19 on Friday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.03 and a current ratio of 7.03. Sunstone Hotel Investors has a fifty-two week low of $8.61 and a fifty-two week high of $11.59. The company has a market cap of $2.08 billion, a PE ratio of 10.81, a P/E/G ratio of 4.00 and a beta of 1.22. The stock’s fifty day moving average price is $10.86 and its two-hundred day moving average price is $10.50.

Sunstone Hotel Investors Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, March 27th. Sunstone Hotel Investors’s dividend payout ratio is 27.96%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Truist Financial raised their price objective on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a report on Thursday, March 14th. StockNews.com upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat.com, Sunstone Hotel Investors presently has an average rating of “Hold” and a consensus price target of $10.00.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.