Sunstone Hotel Investors Inc (SHO) Expected to Post Quarterly Sales of $282.77 Million

Equities research analysts expect Sunstone Hotel Investors Inc (NYSE:SHO) to report $282.77 million in sales for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for Sunstone Hotel Investors’ earnings. The highest sales estimate is $286.20 million and the lowest is $274.11 million. Sunstone Hotel Investors posted sales of $289.58 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.4%. The company is expected to report its next quarterly earnings results on Tuesday, February 20th.

On average, analysts expect that Sunstone Hotel Investors will report full-year sales of $282.77 million for the current year, with estimates ranging from $1.18 billion to $1.19 billion. For the next financial year, analysts anticipate that the company will post sales of $1.21 billion per share, with estimates ranging from $1.18 billion to $1.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The firm had revenue of $303.91 million for the quarter, compared to analyst estimates of $299.90 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The company’s revenue was up .2% compared to the same quarter last year.

A number of brokerages have recently weighed in on SHO. DA Davidson reaffirmed a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, September 6th. FBR & Co reaffirmed a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. JPMorgan Chase & Co. lowered Sunstone Hotel Investors from a “neutral” rating to an “underweight” rating and set a $14.00 target price on the stock. in a research report on Thursday, November 16th. Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Monday, October 23rd. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $17.50 price target on shares of Sunstone Hotel Investors in a report on Tuesday, December 19th. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. Sunstone Hotel Investors has a consensus rating of “Hold” and an average target price of $16.06.

Sunstone Hotel Investors (SHO) opened at $17.05 on Wednesday. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors has a 12-month low of $14.15 and a 12-month high of $17.46. The firm has a market capitalization of $3,840.00, a P/E ratio of 27.06, a PEG ratio of 2.86 and a beta of 1.10.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be paid a dividend of $0.58 per share. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.32 annualized dividend and a dividend yield of 13.61%. Sunstone Hotel Investors’s dividend payout ratio is presently 31.75%.

In related news, CFO Bryan Albert Giglia sold 18,426 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction of $308,266.98. Following the sale, the chief financial officer now owns 229,833 shares of the company’s stock, valued at approximately $3,845,106.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.84% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Sunstone Hotel Investors by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock valued at $607,999,000 after purchasing an additional 1,619,745 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Sunstone Hotel Investors by 41.8% during the 2nd quarter. Franklin Resources Inc. now owns 5,061,301 shares of the real estate investment trust’s stock valued at $81,588,000 after purchasing an additional 1,490,802 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Sunstone Hotel Investors by 49.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,643,022 shares of the real estate investment trust’s stock valued at $42,605,000 after purchasing an additional 873,060 shares during the last quarter. Rothschild Asset Management Inc. bought a new position in shares of Sunstone Hotel Investors during the 3rd quarter valued at about $13,013,000. Finally, American Century Companies Inc. increased its position in shares of Sunstone Hotel Investors by 43.7% during the 2nd quarter. American Century Companies Inc. now owns 1,975,543 shares of the real estate investment trust’s stock valued at $31,846,000 after purchasing an additional 600,521 shares during the last quarter.

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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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