Sunstone Hotel Investors (SHO) Set to Announce Earnings on Monday

Sunstone Hotel Investors (NYSE:SHO) is set to release its Q4 2017 earnings data after the market closes on Monday, February 19th. Analysts expect Sunstone Hotel Investors to post earnings of $0.08 per share for the quarter.

Shares of Sunstone Hotel Investors (NYSE:SHO) opened at $15.84 on Monday. The firm has a market cap of $3,569.10, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 2.62 and a beta of 1.05. Sunstone Hotel Investors has a 12-month low of $14.15 and a 12-month high of $17.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.75 and a current ratio of 4.76.

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st were given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a yield of 14.65%. The ex-dividend date of this dividend was Thursday, December 28th. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. Sunstone Hotel Investors’s payout ratio is currently 346.27%.

Several research firms have weighed in on SHO. JPMorgan Chase & Co. boosted their target price on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Raymond James Financial reissued a “market perform” rating on shares of Sunstone Hotel Investors in a research report on Monday, January 8th. B. Riley reissued a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Boenning Scattergood reissued a “hold” rating on shares of Sunstone Hotel Investors in a research report 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 report on Friday, November 3rd. Four research 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 a consensus rating of “Hold” and an average price target of $16.06.

In other news, CFO Bryan Albert Giglia sold 18,426 shares of the company’s 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 sale, the chief financial officer now directly owns 229,833 shares of the company’s stock, valued at approximately $3,845,106.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is owned by corporate 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 for Sunstone Hotel Investors (NYSE:SHO)

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