Sunstone Hotel Investors Inc Expected to Earn Q1 2018 Earnings of $0.19 Per Share (SHO)

Sunstone Hotel Investors Inc (NYSE:SHO) – Equities researchers at Boenning Scattergood cut their Q1 2018 earnings per share (EPS) estimates for shares of Sunstone Hotel Investors in a report issued on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will post earnings of $0.19 per share for the quarter, down from their previous forecast of $0.22. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Sunstone Hotel Investors’ Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.15 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.33 EPS and FY2019 earnings at $1.19 EPS.

Sunstone Hotel Investors (NYSE:SHO) last issued its 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). 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 during the quarter, compared to analyst estimates of $284.59 million. During the same period in the prior year, the business earned $0.29 earnings per share. Sunstone Hotel Investors’s quarterly revenue was up .2% on a year-over-year basis.

SHO has been the topic of several other reports. 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 reaffirmed a “market perform” rating and issued a $17.50 target price on shares of Sunstone Hotel Investors in a research report on Tuesday, December 19th. Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Wednesday. FBR & Co reaffirmed a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Finally, Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Four equities 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 company presently has an average rating of “Hold” and an average price target of $15.94.

Shares of Sunstone Hotel Investors (NYSE SHO) opened at $15.75 on Thursday. Sunstone Hotel Investors has a 52-week low of $14.15 and a 52-week high of $17.46. 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 $3,553.32, a price-to-earnings ratio of 13.03, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, March 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 386.67%.

In other news, CFO Bryan Albert Giglia sold 18,426 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction of $308,266.98. Following the transaction, the chief financial officer now directly owns 229,833 shares of the company’s stock, valued at $3,845,106.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.84% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of SHO. Deutsche Bank AG increased its holdings in shares of Sunstone Hotel Investors by 31.1% during the fourth quarter. Deutsche Bank AG now owns 11,970,288 shares of the real estate investment trust’s stock valued at $197,865,000 after purchasing an additional 2,841,311 shares during the period. Heitman Real Estate Securities LLC acquired a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at $27,258,000. Rothschild Asset Management Inc. acquired a new position in shares of Sunstone Hotel Investors during the third quarter valued at $13,013,000. Daiwa Securities Group Inc. increased its holdings in shares of Sunstone Hotel Investors by 5.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,046,576 shares of the real estate investment trust’s stock valued at $232,190,000 after purchasing an additional 754,542 shares during the period. Finally, Adelante Capital Management LLC increased its holdings in shares of Sunstone Hotel Investors by 133.9% during the third quarter. Adelante Capital Management LLC now owns 1,020,403 shares of the real estate investment trust’s stock valued at $16,398,000 after purchasing an additional 584,135 shares during the period.

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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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