Equities analysts expect that Sunstone Hotel Investors, Inc. (NYSE:SHO) will post $314.56 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Sunstone Hotel Investors’ earnings, with estimates ranging from $311.00 million to $318.92 million. Sunstone Hotel Investors reported sales of $322.16 million in the same quarter last year, which indicates a negative year-over-year growth rate of 2.4%. The company is expected to issue its next earnings report on Monday, August 14th.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full year sales of $314.56 million for the current year, with estimates ranging from $1.17 billion to $1.19 billion. For the next year, analysts forecast that the firm will report sales of $1.20 billion per share, with estimates ranging from $1.18 billion to $1.22 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The business had revenue of $280.74 million for the quarter, compared to the consensus estimate of $271.02 million. Sunstone Hotel Investors had a net margin of 16.42% and a return on equity of 8.31%.

A number of brokerages have issued reports on SHO. Zacks Investment Research lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Canaccord Genuity restated a “buy” rating and set a $17.00 target price on shares of Sunstone Hotel Investors in a research note on Wednesday, May 3rd. Robert W. Baird restated a “neutral” rating and set a $17.00 target price (up from $16.00) on shares of Sunstone Hotel Investors in a research note on Friday, June 16th. FBR & Co upped their target price on shares of Sunstone Hotel Investors from $15.00 to $16.00 and gave the stock a “mkt perform” rating in a research note on Thursday, May 4th. Finally, Boenning Scattergood restated a “neutral” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, April 12th. Three analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $15.55.

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Sunstone Hotel Investors (NYSE:SHO) traded up 0.63% on Friday, reaching $16.08. 880,195 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $16.05 and a 200-day moving average of $15.35. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 19.44 and a beta of 1.17. Sunstone Hotel Investors has a one year low of $11.89 and a one year high of $16.86.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.25%. Sunstone Hotel Investors’s payout ratio is 24.10%.

Institutional investors have recently made changes to their positions in the stock. Breton Hill Capital Ltd. bought a new position in shares of Sunstone Hotel Investors during the first quarter valued at approximately $175,000. Russell Investments Group Ltd. raised its position in shares of Sunstone Hotel Investors by 41.5% in the first quarter. Russell Investments Group Ltd. now owns 2,059,548 shares of the real estate investment trust’s stock valued at $31,559,000 after buying an additional 603,550 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of Sunstone Hotel Investors during the first quarter valued at approximately $167,000. ProShare Advisors LLC raised its position in shares of Sunstone Hotel Investors by 19.9% in the first quarter. ProShare Advisors LLC now owns 110,818 shares of the real estate investment trust’s stock valued at $1,311,000 after buying an additional 18,372 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its position in shares of Sunstone Hotel Investors by 30.2% in the first quarter. State of Alaska Department of Revenue now owns 109,734 shares of the real estate investment trust’s stock valued at $1,681,000 after buying an additional 25,450 shares in the last quarter.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

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Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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