Sunstone Hotel Investors, Inc. (NYSE:SHO) – Equities research analysts at Boenning Scattergood dropped their Q3 2017 EPS estimates for shares of Sunstone Hotel Investors in a report issued on Thursday. Boenning Scattergood analyst F. Van. Dijkum now forecasts that the real estate investment trust will post earnings per share of $0.30 for the quarter, down from their prior forecast of $0.31. Boenning Scattergood currently has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Sunstone Hotel Investors’ FY2018 earnings at $1.21 EPS.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. The firm had revenue of $318.80 million during the quarter, compared to the consensus estimate of $316.96 million. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.81%. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.39 EPS.

COPYRIGHT VIOLATION NOTICE: This article was published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/08/07/sunstone-hotel-investors-inc-expected-to-earn-q3-2017-earnings-of-0-30-per-share-nysesho.html.

A number of other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Thursday, June 22nd. Robert W. Baird restated a “neutral” rating and issued a $17.00 price objective (up from $16.00) on shares of Sunstone Hotel Investors in a research report on Friday, June 16th. FBR & Co raised their price objective on shares of Sunstone Hotel Investors from $15.00 to $16.00 and gave the company a “mkt perform” rating in a research report on Thursday, May 4th. BidaskClub lowered shares of Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Finally, Canaccord Genuity restated a “buy” rating and issued a $17.00 price objective on shares of Sunstone Hotel Investors in a research report on Wednesday, May 3rd. Three investment 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. The company currently has a consensus rating of “Hold” and a consensus price target of $15.64.

Shares of Sunstone Hotel Investors (NYSE:SHO) opened at 16.39 on Monday. Sunstone Hotel Investors has a 12-month low of $12.14 and a 12-month high of $16.86. The firm has a 50-day moving average of $16.29 and a 200-day moving average of $15.48. The company has a market cap of $3.69 billion, a P/E ratio of 21.26 and a beta of 1.17.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.20 annualized dividend and a yield of 1.22%. Sunstone Hotel Investors’s payout ratio is presently 25.64%.

A number of large investors have recently made changes to their positions in the stock. First Trust Advisors LP raised its stake in shares of Sunstone Hotel Investors by 137.7% in the first quarter. First Trust Advisors LP now owns 748,078 shares of the real estate investment trust’s stock valued at $11,468,000 after buying an additional 433,324 shares during the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Sunstone Hotel Investors by 1.6% in the first quarter. Great West Life Assurance Co. Can now owns 128,682 shares of the real estate investment trust’s stock valued at $1,969,000 after buying an additional 2,011 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of Sunstone Hotel Investors by 7.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 34,955 shares of the real estate investment trust’s stock valued at $536,000 after buying an additional 2,309 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Sunstone Hotel Investors by 46.0% in the first quarter. Canada Pension Plan Investment Board now owns 32,366 shares of the real estate investment trust’s stock valued at $496,000 after buying an additional 10,200 shares during the last quarter. Finally, Greenwich Wealth Management LLC bought a new stake in shares of Sunstone Hotel Investors during the first quarter valued at about $170,000.

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.

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

Receive News & Ratings for Sunstone Hotel Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunstone Hotel Investors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.