Wall Street analysts forecast that Sunstone Hotel Investors Inc (NYSE:SHO) will announce $0.29 earnings per share (EPS) for the current quarter, according to Zacks. Seven analysts have made estimates for Sunstone Hotel Investors’ earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.32. Sunstone Hotel Investors posted earnings per share of $0.31 during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.5%. The company is expected to issue its next quarterly earnings report before the market opens on Monday, November 5th.
On average, analysts expect that Sunstone Hotel Investors will report full year earnings of $1.13 per share for the current fiscal year, with EPS estimates ranging from $1.11 to $1.18. For the next fiscal year, analysts expect that the firm will post earnings of $1.17 per share, with EPS estimates ranging from $1.13 to $1.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.16). The firm had revenue of $317.40 million during the quarter, compared to analyst estimates of $317.54 million. Sunstone Hotel Investors had a net margin of 10.08% and a return on equity of 4.26%. The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 earnings per share.
Separately, Zacks Investment Research lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus price target of $16.94.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Centersquare Investment Management LLC raised its stake in Sunstone Hotel Investors by 32.4% during the second quarter. Centersquare Investment Management LLC now owns 8,004,741 shares of the real estate investment trust’s stock worth $133,039,000 after acquiring an additional 1,957,744 shares in the last quarter. BlackRock Inc. raised its stake in Sunstone Hotel Investors by 8.0% during the second quarter. BlackRock Inc. now owns 23,006,585 shares of the real estate investment trust’s stock worth $382,369,000 after acquiring an additional 1,702,618 shares in the last quarter. Heitman Real Estate Securities LLC raised its stake in Sunstone Hotel Investors by 51.0% during the second quarter. Heitman Real Estate Securities LLC now owns 2,662,230 shares of the real estate investment trust’s stock worth $47,086,000 after acquiring an additional 899,398 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Sunstone Hotel Investors by 25.2% during the second quarter. Bank of New York Mellon Corp now owns 4,133,159 shares of the real estate investment trust’s stock worth $68,694,000 after acquiring an additional 833,085 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in Sunstone Hotel Investors by 2,790.9% during the second quarter. American Century Companies Inc. now owns 749,719 shares of the real estate investment trust’s stock worth $12,460,000 after acquiring an additional 723,785 shares in the last quarter.
Shares of NYSE SHO traded down $0.08 during trading hours on Friday, reaching $14.76. The stock had a trading volume of 131,475 shares, compared to its average volume of 1,861,899. The company has a current ratio of 5.62, a quick ratio of 5.61 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 3.14 and a beta of 1.02. Sunstone Hotel Investors has a twelve month low of $14.09 and a twelve month high of $17.60.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. Sunstone Hotel Investors’s payout ratio is 16.39%.
About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of July 30, 2018 has interests in 24 hotels comprised of 12,046 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
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