Sunstone Hotel Investors (SHO) Posts Quarterly Earnings Results

Sunstone Hotel Investors (NYSE:SHO) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.19), Yahoo Finance reports. The business had revenue of $290.19 million for the quarter, compared to analysts’ expectations of $284.59 million. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The company’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.29 earnings per share. Sunstone Hotel Investors updated its Q1 guidance to $0.18-0.20 EPS and its FY18 guidance to $1.05-1.15 EPS.

Shares of Sunstone Hotel Investors (SHO) traded down $0.37 during trading on Tuesday, hitting $15.43. 672,662 shares of the stock traded hands, compared to its average volume of 1,700,972. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75. Sunstone Hotel Investors has a 1 year low of $14.15 and a 1 year high of $17.46. The company has a market capitalization of $3,569.10, a PE ratio of 23.58, a price-to-earnings-growth ratio of 2.63 and a beta of 1.05.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st were issued a $0.58 dividend. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, December 28th. This represents a $2.32 annualized dividend and a dividend yield of 15.04%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 346.27%.

Several research firms have commented on SHO. B. Riley set a $16.00 price target on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research note on Monday. JPMorgan Chase & Co. lifted their price target on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock 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. 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 equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. Sunstone Hotel Investors currently has a consensus rating of “Hold” and a consensus target price of $16.06.

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 sale, the chief financial officer now owns 229,833 shares in the company, valued at $3,845,106.09. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.84% of the company’s stock.

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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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