Zacks: Analysts Anticipate Sunstone Hotel Investors Inc (SHO) to Post $0.26 Earnings Per Share

Equities analysts forecast that Sunstone Hotel Investors Inc (NYSE:SHO) will post earnings of $0.26 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Sunstone Hotel Investors’ earnings, with estimates ranging from $0.25 to $0.29. Sunstone Hotel Investors posted earnings of $0.29 per share in the same quarter last year, which indicates a negative year over year growth rate of 10.3%. The business is expected to report its next earnings report after the market closes on Tuesday, February 20th.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.19 to $1.20. For the next year, analysts expect that the business will post earnings of $1.21 per share, with EPS estimates ranging from $1.12 to $1.31. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.18. The company had revenue of $303.91 million for 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 company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS.

A number of equities analysts have recently commented on the company. Raymond James Financial restated a “market perform” rating on shares of Sunstone Hotel Investors in a report on Monday, January 8th. Wells Fargo & Co reiterated a “market perform” rating and set a $17.50 target price on shares of Sunstone Hotel Investors in a report on Tuesday, December 19th. JPMorgan Chase & Co. downgraded Sunstone Hotel Investors from a “neutral” rating to an “underweight” rating and set a $14.00 target price on the stock. in a report on Thursday, November 16th. B. Riley reiterated a “neutral” rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. Sunstone Hotel Investors currently has a consensus rating of “Hold” and an average price target of $16.06.

In related news, CFO Bryan Albert Giglia sold 18,426 shares of the firm’s 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 directly owns 229,833 shares in the company, valued at approximately $3,845,106.09. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.84% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the business. Lourd Capital LLC purchased a new stake in Sunstone Hotel Investors during the 4th quarter worth approximately $204,000. RMR Advisors LLC purchased a new stake in Sunstone Hotel Investors during the 4th quarter worth approximately $496,000. APG Asset Management N.V. increased its holdings in Sunstone Hotel Investors by 10.6% during the 4th quarter. APG Asset Management N.V. now owns 377,200 shares of the real estate investment trust’s stock worth $5,192,000 after purchasing an additional 36,200 shares during the last quarter. Green Street Investors LLC purchased a new stake in Sunstone Hotel Investors during the 4th quarter worth approximately $2,942,000. Finally, Orinda Asset Management LLC purchased a new stake in Sunstone Hotel Investors during the 4th quarter worth approximately $2,232,000.

Sunstone Hotel Investors (NYSE:SHO) opened at $17.08 on Friday. The company has a market capitalization of $3,850.00, a PE ratio of 27.11, a PEG ratio of 2.82 and a beta of 1.11. The company has a quick ratio of 4.75, a current ratio of 4.76 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors has a twelve month low of $14.15 and a twelve month high of $17.46.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Sunday, December 31st were issued 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 dividend yield of 13.58%. The ex-dividend date of this dividend was Thursday, December 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 368.25%.

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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 (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.

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

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