Sunstone Hotel Investors (SHO) Issues FY18 Earnings Guidance

Sunstone Hotel Investors (NYSE:SHO) updated its FY18 earnings guidance on Monday. The company provided EPS guidance of $1.05-1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.19. Sunstone Hotel Investors also updated its Q1 guidance to $0.18-0.20 EPS.

A number of brokerages have issued reports on SHO. JPMorgan Chase & Co. lifted their target price on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the company a neutral rating in a research note on Wednesday, November 1st. Raymond James Financial reissued a market perform rating on shares of Sunstone Hotel Investors in a research note on Monday, January 8th. B. Riley reissued a neutral rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. Boenning Scattergood reissued a hold rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Sunstone Hotel Investors from a sell rating to a hold rating in a research note on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $16.06.

Sunstone Hotel Investors (NYSE:SHO) traded down $0.04 during mid-day trading on Monday, hitting $15.80. 1,884,075 shares of the company traded hands, compared to its average volume of 1,737,106. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.75 and a current ratio of 4.76. Sunstone Hotel Investors has a 1-year low of $14.15 and a 1-year high of $17.46. The firm has a market cap of $3,569.10, a price-to-earnings ratio of 12.98, a PEG ratio of 2.63 and a beta of 1.05.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Sunday, December 31st were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 14.68%. The ex-dividend date was Thursday, December 28th. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. Sunstone Hotel Investors’s payout ratio is presently 346.27%.

In related news, CFO Bryan Albert Giglia sold 18,426 shares of Sunstone Hotel Investors stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $16.73, for a total value of $308,266.98. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by insiders.

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About Sunstone Hotel Investors

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.

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

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