Sunstone Hotel Investors Inc. (SHO) Updates FY13 Earnings Guidance
Sunstone Hotel Investors Inc. (NYSE:SHO) updated its FY13 earnings guidance on Thursday. The company provided earnings per share guidance of $0.92 – $0.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.97, Stock Ratings Network.com reports. Sunstone Hotel Investors also updated its Q3 guidance to $0.29 – $0.30 EPS.
A number of research firms have recently commented on SHO. Analysts at ISI Group downgraded shares of Sunstone Hotel Investors from a strong-buy rating to a buy rating in a research note to investors on Monday, October 14th. They now have a $14.50 price target on the stock. On a related note, analysts at Morgan Stanley initiated coverage on shares of Sunstone Hotel Investors in a research note to investors on Thursday, October 10th. They set an equal weight rating and a $14.00 price target on the stock. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $13.22.
Sunstone Hotel Investors Inc. (NYSE:SHO) traded up 1.97% on Thursday, hitting $13.96. The stock had a trading volume of 1,186,032 shares. Sunstone Hotel Investors Inc. has a 1-year low of $9.19 and a 1-year high of $13.94. The stock’s 50-day moving average is $12. and its 200-day moving average is $12.30. The company has a market cap of $2.274 billion and a P/E ratio of 29.57.
Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.30 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.30. The company had revenue of $234.60 million for the quarter, compared to the consensus estimate of $236.18 million. During the same quarter last year, the company posted $0.35 earnings per share. Sunstone Hotel Investors’s revenue was up 10.2% compared to the same quarter last year.
Sunstone Hotel Investors, Incis a real estate investment trust (NYSE:SHO).
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