Sunstone Hotel Investors (SHO) Updates Q1 Earnings Guidance

Sunstone Hotel Investors (NYSE:SHO) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.18-0.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.22. Sunstone Hotel Investors also updated its FY18 guidance to $1.05-1.15 EPS.

Shares of Sunstone Hotel Investors (NYSE SHO) traded down $0.04 during trading on Monday, hitting $15.80. The stock had a trading volume of 1,884,075 shares, compared to its average volume of 1,737,106. 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 firm has a market capitalization of $3,569.10, a P/E ratio of 12.98, a PEG ratio of 2.63 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 firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st were paid a dividend of $0.58 per share. The ex-dividend date was Thursday, December 28th. 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 14.68%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 346.27%.

Several analysts have recently weighed in on SHO shares. Raymond James Financial restated a market perform rating on shares of Sunstone Hotel Investors in a research note on Monday, January 8th. JPMorgan Chase & Co. raised their target price on Sunstone Hotel Investors from $13.00 to $14.00 and gave the company a neutral rating in a research note on Wednesday, November 1st. Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the company a hold rating in a research note on Monday, October 23rd. B. Riley restated a neutral rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. Finally, FBR & Co restated a hold rating on shares of Sunstone Hotel Investors in a research note on Tuesday, October 31st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. Sunstone Hotel Investors presently 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 Sunstone Hotel Investors stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.73, for a total value of $308,266.98. Following the completion of the transaction, the chief financial officer now directly owns 229,833 shares in the company, valued at $3,845,106.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is currently owned by company 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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