Equities research analysts expect Sunstone Hotel Investors Inc (NYSE:SHO) to announce earnings per share of $0.23 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Sunstone Hotel Investors’ earnings, with the lowest EPS estimate coming in at $0.19 and the highest estimate coming in at $0.25. Sunstone Hotel Investors posted earnings of $0.24 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 4.2%. The business is scheduled to report its next quarterly earnings results on Tuesday, May 1st.
On average, analysts expect that Sunstone Hotel Investors will report full-year earnings of $1.20 per share for the current financial year, with EPS estimates ranging from $1.11 to $1.24. For the next year, analysts anticipate that the company will report earnings of $1.22 per share, with EPS estimates ranging from $1.15 to $1.29. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a return on equity of 5.52% and a net margin of 12.53%. The company had revenue of $290.19 million for the quarter, compared to analyst estimates of $284.59 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Sunstone Hotel Investors’s revenue for the quarter was up .2% on a year-over-year basis.
In other Sunstone Hotel Investors news, CFO Bryan Albert Giglia sold 18,426 shares of the company’s stock in a transaction that occurred 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 $3,845,106.09. The sale 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 corporate insiders.
A number of large investors have recently modified their holdings of SHO. GSA Capital Partners LLP bought a new stake in Sunstone Hotel Investors in the second quarter valued at approximately $243,000. Parametric Portfolio Associates LLC increased its stake in Sunstone Hotel Investors by 5.5% in the second quarter. Parametric Portfolio Associates LLC now owns 370,512 shares of the real estate investment trust’s stock valued at $5,973,000 after purchasing an additional 19,268 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Sunstone Hotel Investors by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,137,087 shares of the real estate investment trust’s stock valued at $50,571,000 after purchasing an additional 110,100 shares in the last quarter. Voya Investment Management LLC increased its stake in Sunstone Hotel Investors by 16.0% in the second quarter. Voya Investment Management LLC now owns 100,273 shares of the real estate investment trust’s stock valued at $1,616,000 after purchasing an additional 13,858 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in Sunstone Hotel Investors by 5.9% in the second quarter. Stifel Financial Corp now owns 43,280 shares of the real estate investment trust’s stock valued at $698,000 after purchasing an additional 2,400 shares in the last quarter.
Sunstone Hotel Investors (NYSE SHO) opened at $15.77 on Wednesday. Sunstone Hotel Investors has a 12-month low of $14.15 and a 12-month high of $17.46. The stock has a market cap of $3,560.08, a P/E ratio of 26.28, a PEG ratio of 2.63 and a beta of 1.05. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.20 annualized dividend and a yield of 1.27%. Sunstone Hotel Investors’s dividend payout ratio is currently 386.67%.
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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.
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