Sunstone Hotel Investors, Inc. (NYSE:SHO) – SunTrust Banks decreased their Q1 2018 EPS estimates for Sunstone Hotel Investors in a report issued on Tuesday. SunTrust Banks analyst P. Scholes now anticipates that the real estate investment trust will post earnings per share of $0.23 for the quarter, down from their prior forecast of $0.24.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.18. The company had revenue of $303.91 million for the quarter, compared to analyst estimates of $299.90 million. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.26%. Sunstone Hotel Investors’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share.

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SHO has been the topic of a number of other reports. Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday. BidaskClub downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. FBR & Co restated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday. Robert W. Baird restated a “hold” rating and issued a $17.00 price target on shares of Sunstone Hotel Investors in a research report on Thursday, September 21st. Finally, J P Morgan Chase & Co raised their price target on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Sunstone Hotel Investors currently has an average rating of “Hold” and an average price target of $15.89.

A number of large investors have recently modified their holdings of the stock. Profund Advisors LLC lifted its position in Sunstone Hotel Investors by 1.6% in the 2nd quarter. Profund Advisors LLC now owns 16,650 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 257 shares during the last quarter. Utah Retirement Systems lifted its position in Sunstone Hotel Investors by 3.1% in the 2nd quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 400 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Sunstone Hotel Investors by 6.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 449 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in Sunstone Hotel Investors by 3.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock valued at $313,000 after purchasing an additional 609 shares during the last quarter. Finally, GAM Holding AG lifted its position in Sunstone Hotel Investors by 3.7% in the 2nd quarter. GAM Holding AG now owns 18,830 shares of the real estate investment trust’s stock valued at $304,000 after purchasing an additional 666 shares during 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.

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

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