Brokerages expect Sunstone Hotel Investors, Inc. (NYSE:SHO) to announce sales of $297.42 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Sunstone Hotel Investors’ earnings, with the lowest sales estimate coming in at $291.00 million and the highest estimate coming in at $303.46 million. Sunstone Hotel Investors posted sales of $303.30 million in the same quarter last year, which would indicate a negative year over year growth rate of 1.9%. The company is scheduled to report its next quarterly earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full-year sales of $297.42 million for the current financial year, with estimates ranging from $1.17 billion to $1.19 billion. For the next fiscal year, analysts expect that the business will report sales of $1.20 billion per share, with estimates ranging from $1.17 billion to $1.23 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results 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 return on equity of 7.70% and a net margin of 15.41%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 earnings per share.

A number of equities research analysts have weighed in on the company. Zacks Investment Research lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Canaccord Genuity reiterated a “buy” rating and issued a $17.00 target price on shares of Sunstone Hotel Investors in a research report on Wednesday, May 3rd. BidaskClub lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Robert W. Baird reiterated a “neutral” rating and issued a $17.00 target price (up previously from $16.00) on shares of Sunstone Hotel Investors in a research report on Friday, June 16th. Finally, FBR & Co lifted their target price on Sunstone Hotel Investors from $15.00 to $16.00 and gave the stock a “mkt perform” rating in a research report on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.64.

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Sunstone Hotel Investors (NYSE SHO) opened at 15.66 on Friday. Sunstone Hotel Investors has a one year low of $12.14 and a one year high of $16.86. The firm has a market capitalization of $3.53 billion, a P/E ratio of 20.31 and a beta of 1.17. The company has a 50-day moving average price of $16.06 and a 200-day moving average price of $15.54.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Thursday, September 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 25.64%.

Several hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its stake in shares of Sunstone Hotel Investors by 1.2% in the first quarter. Daiwa Securities Group Inc. now owns 15,719,829 shares of the real estate investment trust’s stock valued at $240,985,000 after buying an additional 190,954 shares during the period. First Trust Advisors LP increased 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 period. Great West Life Assurance Co. Can increased 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 period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased 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 period. Finally, Canada Pension Plan Investment Board increased 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 period.

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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