Equities research analysts predict that Sunstone Hotel Investors Inc (NYSE:SHO) will post sales of $283.32 million for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Sunstone Hotel Investors’ earnings. The highest sales estimate is $289.58 million and the lowest is $274.11 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 2.2%. The company is expected to announce its next earnings results after the market closes on Tuesday, February 20th.
According to Zacks, analysts expect that Sunstone Hotel Investors will report full-year sales of $283.32 million for the current year, with estimates ranging from $1.18 billion to $1.19 billion. For the next financial year, analysts forecast that the business will post sales of $1.20 billion per share, with estimates ranging from $1.17 billion to $1.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.31 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 business had revenue of $303.91 million for the quarter, compared to analyst estimates of $299.90 million. During the same quarter in the prior year, the company posted $0.33 EPS. The company’s quarterly revenue was up .2% on a year-over-year basis.
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 transaction, the chief financial officer now owns 229,833 shares of the company’s stock, valued at approximately $3,845,106.09. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC purchased a new stake in Sunstone Hotel Investors during the 4th quarter worth about $155,000. Lourd Capital LLC purchased a new stake in Sunstone Hotel Investors during the 4th quarter worth about $204,000. GSA Capital Partners LLP purchased a new stake in Sunstone Hotel Investors during the 2nd quarter worth about $243,000. Profund Advisors LLC increased its holdings 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 worth $268,000 after purchasing an additional 257 shares during the period. Finally, Breton Hill Capital Ltd. increased its holdings in Sunstone Hotel Investors by 27.5% during the 3rd quarter. Breton Hill Capital Ltd. now owns 16,700 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 3,600 shares during the period.
Sunstone Hotel Investors (NYSE SHO) opened at $16.97 on Tuesday. Sunstone Hotel Investors has a 12 month low of $14.15 and a 12 month high of $17.46. The company has a market capitalization of $3,848.50, a price-to-earnings ratio of 25.33, a PEG ratio of 2.83 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.
The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Sunday, December 31st were paid a dividend of $0.58 per share. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.32 annualized dividend and a yield of 13.67%. Sunstone Hotel Investors’s dividend payout ratio is presently 346.27%.
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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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