Jefferies Financial Group Analysts Increase Earnings Estimates for Sunstone Hotel Investors Inc (SHO)

Sunstone Hotel Investors Inc (NYSE:SHO) – Equities research analysts at Jefferies Financial Group upped their FY2018 EPS estimates for Sunstone Hotel Investors in a research report issued on Tuesday, November 6th. Jefferies Financial Group analyst D. Katz now expects that the real estate investment trust will post earnings per share of $1.14 for the year, up from their previous forecast of $1.13. Jefferies Financial Group also issued estimates for Sunstone Hotel Investors’ Q1 2019 earnings at $0.19 EPS.

SHO has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Deutsche Bank set a $16.00 price objective on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Sunstone Hotel Investors currently has an average rating of “Hold” and an average target price of $16.83.

Shares of Sunstone Hotel Investors stock opened at $15.04 on Thursday. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 2.81 and a beta of 1.09. Sunstone Hotel Investors has a fifty-two week low of $13.67 and a fifty-two week high of $17.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 5.62 and a quick ratio of 5.61.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.10. The business had revenue of $289.30 million during the quarter, compared to the consensus estimate of $291.19 million. Sunstone Hotel Investors had a net margin of 16.56% and a return on equity of 7.95%. The company’s revenue was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in shares of Sunstone Hotel Investors by 2.4% during the 3rd quarter. BlackRock Inc. now owns 23,556,116 shares of the real estate investment trust’s stock worth $385,377,000 after purchasing an additional 549,531 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Sunstone Hotel Investors by 4.7% during the 1st quarter. Principal Financial Group Inc. now owns 11,633,078 shares of the real estate investment trust’s stock worth $177,056,000 after purchasing an additional 518,514 shares during the last quarter. Centersquare Investment Management LLC raised its position in shares of Sunstone Hotel Investors by 32.4% during the 2nd quarter. Centersquare Investment Management LLC now owns 8,004,741 shares of the real estate investment trust’s stock worth $133,039,000 after purchasing an additional 1,957,744 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Sunstone Hotel Investors by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,075,684 shares of the real estate investment trust’s stock worth $115,759,000 after purchasing an additional 54,790 shares during the last quarter. Finally, Northern Trust Corp raised its position in shares of Sunstone Hotel Investors by 3.2% during the 2nd quarter. Northern Trust Corp now owns 6,208,413 shares of the real estate investment trust’s stock worth $103,184,000 after purchasing an additional 194,425 shares during the last quarter.

Sunstone Hotel Investors Company Profile

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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Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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