Sunstone Hotel Investors Inc (NYSE:SHO) Expected to Post Q4 2019 Earnings of $0.25 Per Share

Sunstone Hotel Investors Inc (NYSE:SHO) – Investment analysts at SunTrust Banks dropped their Q4 2019 earnings estimates for Sunstone Hotel Investors in a report released on Wednesday, November 6th. SunTrust Banks analyst P. Scholes now forecasts that the real estate investment trust will post earnings of $0.25 per share for the quarter, down from their prior forecast of $0.26. SunTrust Banks also issued estimates for Sunstone Hotel Investors’ Q1 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.24 EPS and FY2020 earnings at $1.05 EPS.

A number of other analysts have also recently issued reports on SHO. ValuEngine raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price objective on Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Friday, September 6th. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Bank of America cut Sunstone Hotel Investors from a “neutral” rating to an “underperform” rating in a report on Wednesday, July 17th. Finally, Deutsche Bank set a $15.00 price objective on Sunstone Hotel Investors and gave the stock a “hold” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.25.

Shares of SHO stock traded up $0.12 on Friday, hitting $13.97. 1,702,372 shares of the stock were exchanged, compared to its average volume of 2,043,257. The company has a current ratio of 6.39, a quick ratio of 6.97 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $3.11 billion, a PE ratio of 11.94, a P/E/G ratio of 2.16 and a beta of 1.02. Sunstone Hotel Investors has a one year low of $12.54 and a one year high of $15.62. The firm’s 50 day moving average is $13.69 and its two-hundred day moving average is $13.66.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.16). The firm had revenue of $281.64 million for the quarter, compared to the consensus estimate of $278.57 million. Sunstone Hotel Investors had a return on equity of 6.71% and a net margin of 15.10%. The firm’s revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Several large investors have recently added to or reduced their stakes in the business. Dean Capital Investments Management LLC raised its holdings in shares of Sunstone Hotel Investors by 39.8% in the 3rd quarter. Dean Capital Investments Management LLC now owns 27,984 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 7,970 shares in the last quarter. Green Street Investors LLC raised its holdings in shares of Sunstone Hotel Investors by 15.3% in the 3rd quarter. Green Street Investors LLC now owns 258,900 shares of the real estate investment trust’s stock valued at $3,557,000 after acquiring an additional 34,300 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Sunstone Hotel Investors by 16.4% in the 3rd quarter. First Trust Advisors LP now owns 673,888 shares of the real estate investment trust’s stock valued at $9,259,000 after acquiring an additional 94,947 shares in the last quarter. Tibra Equities Europe Ltd purchased a new stake in shares of Sunstone Hotel Investors in the 3rd quarter valued at about $304,000. Finally, Mackay Shields LLC raised its holdings in shares of Sunstone Hotel Investors by 120.0% in the 3rd quarter. Mackay Shields LLC now owns 655,319 shares of the real estate investment trust’s stock valued at $9,004,000 after acquiring an additional 357,498 shares in the last quarter.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 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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Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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