Brokers Offer Predictions for Sunstone Hotel Investors Inc’s Q1 2018 Earnings (SHO)

Sunstone Hotel Investors Inc (NYSE:SHO) – Stock analysts at B. Riley cut their Q1 2018 earnings estimates for shares of Sunstone Hotel Investors in a research note issued to investors on Wednesday. B. Riley analyst B. Maher now anticipates that the real estate investment trust will post earnings of $0.19 per share for the quarter, down from their previous estimate of $0.25. B. Riley has a “Hold” rating and a $16.00 price objective on the stock. B. Riley also issued estimates for Sunstone Hotel Investors’ Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.30 EPS, FY2018 earnings at $1.13 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.28 EPS, FY2019 earnings at $1.17 EPS and FY2020 earnings at $1.21 EPS.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.19). The business had revenue of $290.19 million during the quarter, compared to analysts’ expectations of $284.59 million. Sunstone Hotel Investors had a return on equity of 5.52% and a net margin of 12.53%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share.

Several other equities analysts also recently weighed in on SHO. Robert W. Baird set a $17.00 price target on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research note on Monday, October 23rd. FBR & Co reissued a “hold” rating on shares of Sunstone Hotel Investors in a research note on Tuesday, October 31st. Boenning Scattergood reissued a “hold” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. JPMorgan Chase & Co. raised 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. 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 assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $15.94.

Sunstone Hotel Investors (NYSE SHO) opened at $15.75 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75. The firm has a market cap of $3,553.32, a PE ratio of 13.03, a PEG ratio of 2.83 and a beta of 1.05. Sunstone Hotel Investors has a 52 week low of $14.15 and a 52 week high of $17.46.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, March 28th. Sunstone Hotel Investors’s payout ratio is currently 386.67%.

In related news, CFO Bryan Albert Giglia sold 18,426 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $16.73, for a total transaction of $308,266.98. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. 0.84% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in SHO. Vident Investment Advisory LLC increased its position in shares of Sunstone Hotel Investors by 6.5% during the fourth quarter. Vident Investment Advisory LLC now owns 171,817 shares of the real estate investment trust’s stock valued at $2,840,000 after acquiring an additional 10,494 shares during the last quarter. Zeke Capital Advisors LLC acquired a new stake in shares of Sunstone Hotel Investors during the fourth quarter valued at about $232,000. Teachers Advisors LLC increased its position in shares of Sunstone Hotel Investors by 0.4% during the fourth quarter. Teachers Advisors LLC now owns 2,288,899 shares of the real estate investment trust’s stock valued at $37,836,000 after acquiring an additional 9,868 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in shares of Sunstone Hotel Investors by 4.1% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 98,816 shares of the real estate investment trust’s stock valued at $1,633,000 after acquiring an additional 3,935 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of Sunstone Hotel Investors by 3.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,261,438 shares of the real estate investment trust’s stock valued at $20,851,000 after acquiring an additional 39,777 shares during the last quarter.

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Sunstone Hotel Investors Company Profile

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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