Equities research analysts expect Sunstone Hotel Investors Inc (NYSE:SHO) to post sales of $282.77 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Sunstone Hotel Investors’ earnings, with the lowest sales estimate coming in at $274.11 million and the highest estimate coming in at $286.20 million. Sunstone Hotel Investors reported sales of $289.58 million in the same quarter last year, which indicates a negative year over year growth rate of 2.4%. The business is scheduled to report its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full-year sales of $282.77 million for the current financial year, with estimates ranging from $1.18 billion to $1.19 billion. For the next fiscal year, analysts anticipate that the firm will report 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 released its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.18. The firm had revenue of $303.91 million during the quarter, compared to the consensus estimate of $299.90 million. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share.

Several research analysts have issued reports on SHO shares. Raymond James Financial reaffirmed a “market perform” rating on shares of Sunstone Hotel Investors in a report on Monday, January 8th. JPMorgan Chase & Co. upped their price target on Sunstone Hotel Investors from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Robert W. Baird set a $17.00 price target on Sunstone Hotel Investors and gave the company a “hold” rating in a report on Monday, October 23rd. B. Riley reaffirmed a “neutral” rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $16.06.

In other Sunstone Hotel Investors news, CFO Bryan Albert Giglia sold 18,426 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $16.73, for a total transaction of $308,266.98. Following the sale, the chief financial officer now directly owns 229,833 shares of the company’s stock, valued at approximately $3,845,106.09. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.84% of the stock is owned by insiders.

Large investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC acquired a new stake in Sunstone Hotel Investors during the 4th quarter valued at $155,000. Utah Retirement Systems raised its stake in Sunstone Hotel Investors by 3.1% during 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 period. GSA Capital Partners LLP acquired a new stake in Sunstone Hotel Investors during the 2nd quarter valued at $243,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sunstone Hotel Investors by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,613 shares during the period. Finally, Profund Advisors LLC raised its stake in Sunstone Hotel Investors by 1.6% during 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 period.

Sunstone Hotel Investors (NYSE:SHO) traded down $0.14 during midday trading on Friday, hitting $16.64. The company’s stock had a trading volume of 1,562,389 shares, compared to its average volume of 1,499,406. The company has a market capitalization of $3,780.90, a PE ratio of 24.84, a P/E/G ratio of 2.74 and a beta of 1.11. Sunstone Hotel Investors has a 52 week low of $14.15 and a 52 week high of $17.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders 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. This represents a $2.32 annualized dividend and a yield of 13.94%. The ex-dividend date is Thursday, December 28th. Sunstone Hotel Investors’s payout ratio is 346.27%.

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

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