Sunstone Hotel Investors, Inc. (NYSE:SHO) to Release Quarterly Earnings on Tuesday
Sunstone Hotel Investors, Inc. (NYSE:SHO) will issue its quarterly earnings data after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Sunstone Hotel Investors has set its Q2 guidance at $0.35-$0.37 EPS and its FY17 guidance at $1.14-$1.22 EPS.
Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.04. Sunstone Hotel Investors had a net margin of 16.42% and a return on equity of 8.31%. The company had revenue of $280.74 million for the quarter, compared to analyst estimates of $271.02 million. On average, analysts expect Sunstone Hotel Investors to post $1.2 EPS for the current fiscal year and $1.23 EPS for the next fiscal year.
Sunstone Hotel Investors, Inc. (SHO) opened at 16.02 on Tuesday. Sunstone Hotel Investors, Inc. has a 52 week low of $12.14 and a 52 week high of $16.86. The stock’s 50 day moving average is $16.28 and its 200 day moving average is $15.42. The firm has a market cap of $3.53 billion, a price-to-earnings ratio of 19.37 and a beta of 1.17.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were issued a $0.05 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.25%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 24.10%.
A number of analysts have recently issued reports on SHO shares. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Boenning Scattergood restated a “neutral” rating on shares of Sunstone Hotel Investors in a report on Tuesday, April 18th. FBR & Co boosted 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 report on Thursday, May 4th. 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 report on Friday, June 16th. Finally, BidaskClub downgraded shares of Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Sunstone Hotel Investors currently has a consensus rating of “Hold” and a consensus target price of $15.55.
About Sunstone Hotel Investors
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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