Brokerages expect Sunstone Hotel Investors Inc (NYSE:SHO) to post earnings per share (EPS) of $0.33 for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Sunstone Hotel Investors’ earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.31. Sunstone Hotel Investors reported earnings per share of $0.37 during the same quarter last year, which would suggest a negative year-over-year growth rate of 10.8%. The firm is expected to announce its next earnings report on Monday, July 29th.
According to Zacks, analysts expect that Sunstone Hotel Investors will report full-year earnings of $1.08 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.10. For the next year, analysts expect that the company will post earnings of $1.10 per share, with EPS estimates ranging from $1.04 to $1.19. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Sunstone Hotel Investors had a return on equity of 9.13% and a net margin of 20.15%. The firm had revenue of $257.68 million during the quarter, compared to the consensus estimate of $256.64 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year.
A number of research firms have recently weighed in on SHO. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. TheStreet cut shares of Sunstone Hotel Investors from a “b-” rating to a “c+” rating in a report on Friday, May 31st. Four investment analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and an average target price of $16.75.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. purchased a new stake in Sunstone Hotel Investors during the 1st quarter valued at approximately $76,000. Pearl River Capital LLC bought a new stake in shares of Sunstone Hotel Investors during the first quarter worth $144,000. Nisa Investment Advisors LLC lifted its position in shares of Sunstone Hotel Investors by 82.2% during the first quarter. Nisa Investment Advisors LLC now owns 12,570 shares of the real estate investment trust’s stock worth $181,000 after purchasing an additional 5,670 shares during the last quarter. Quantitative Systematic Strategies LLC purchased a new position in shares of Sunstone Hotel Investors during the first quarter valued at $185,000. Finally, Brinker Capital Inc. increased its stake in shares of Sunstone Hotel Investors by 10.5% during the first quarter. Brinker Capital Inc. now owns 14,300 shares of the real estate investment trust’s stock valued at $206,000 after buying an additional 1,360 shares during the period.
Shares of NYSE:SHO opened at $13.26 on Friday. The firm’s fifty day moving average price is $13.86. The company has a debt-to-equity ratio of 0.42, a quick ratio of 7.05 and a current ratio of 7.05. Sunstone Hotel Investors has a 12-month low of $12.70 and a 12-month high of $17.08. The firm has a market cap of $3.10 billion, a P/E ratio of 11.33, a P/E/G ratio of 2.10 and a beta of 1.11.
The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.51%. Sunstone Hotel Investors’s dividend payout ratio is 17.09%.
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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