Sunstone Hotel Investors Inc (NYSE:SHO) – Investment analysts at SunTrust Banks reduced their Q1 2018 earnings estimates for shares of Sunstone Hotel Investors in a note issued to investors on Tuesday. SunTrust Banks analyst P. Scholes now expects that the real estate investment trust will post earnings per share of $0.19 for the quarter, down from their previous forecast of $0.23. SunTrust Banks also issued estimates for Sunstone Hotel Investors’ Q2 2018 earnings at $0.36 EPS, Q3 2018 earnings at $0.31 EPS, FY2018 earnings at $1.12 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.31 EPS, Q4 2019 earnings at $0.27 EPS and FY2019 earnings at $1.17 EPS.
SHO has been the subject of several other reports. Boenning Scattergood reaffirmed a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. B. Riley set a $16.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Monday. Wells Fargo & Co reissued a “market perform” rating and issued a $17.50 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, December 19th. Robert W. Baird set a $17.00 price objective on Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Wednesday. Finally, FBR & Co reissued a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $15.94.
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 Thomson Reuters’ consensus estimate of $0.26 by ($0.19). The company had revenue of $290.19 million for the quarter, compared to the consensus estimate of $284.59 million. Sunstone Hotel Investors had a return on equity of 5.52% and a net margin of 12.53%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Wednesday, March 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 386.67%.
In other 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 of the company’s stock, valued at approximately $3,845,106.09. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.84% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Vident Investment Advisory LLC grew its stake in shares of Sunstone Hotel Investors by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 171,817 shares of the real estate investment trust’s stock valued at $2,840,000 after buying an additional 10,494 shares during the period. Zeke Capital Advisors LLC acquired a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at about $232,000. Teachers Advisors LLC grew its stake in shares of Sunstone Hotel Investors by 0.4% in the 4th quarter. Teachers Advisors LLC now owns 2,288,899 shares of the real estate investment trust’s stock valued at $37,836,000 after buying an additional 9,868 shares during the period. Teachers Retirement System of The State of Kentucky grew its stake in shares of Sunstone Hotel Investors by 4.1% in the 4th 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 buying an additional 3,935 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Sunstone Hotel Investors by 3.3% in the 4th 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 buying an additional 39,777 shares during the period.
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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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