Sunstone Hotel Investors Inc (SHO) Expected to Announce Earnings of $0.34 Per Share

Wall Street brokerages forecast that Sunstone Hotel Investors Inc (NYSE:SHO) will announce earnings of $0.34 per share for the current quarter, Zacks reports. Seven analysts have provided estimates for Sunstone Hotel Investors’ earnings. The lowest EPS estimate is $0.33 and the highest is $0.35. Sunstone Hotel Investors posted earnings per share of $0.37 during the same quarter last year, which would suggest a negative year-over-year growth rate of 8.1%. The firm is scheduled to report its next quarterly earnings report on Monday, July 29th.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full-year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.12. For the next year, analysts forecast that the company will report earnings of $1.09 per share, with EPS estimates ranging from $1.04 to $1.15. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, beating the consensus estimate of $0.19 by $0.02. Sunstone Hotel Investors had a return on equity of 9.13% and a net margin of 20.15%. The business had revenue of $257.68 million for the quarter, compared to the consensus estimate of $256.64 million. During the same period last year, the business posted $0.20 EPS. The company’s revenue was down 5.1% compared to the same quarter last year.

SHO has been the topic of a number of recent analyst reports. Zacks Investment Research cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. Deutsche Bank reissued a “hold” rating and set a $16.00 price target on shares of Sunstone Hotel Investors in a report on Thursday, February 14th. Six research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus target price of $16.80.

SHO traded up $0.23 during trading on Wednesday, hitting $14.54. 1,411,889 shares of the company’s stock traded hands, compared to its average volume of 2,356,400. The company has a current ratio of 7.05, a quick ratio of 7.05 and a debt-to-equity ratio of 0.42. Sunstone Hotel Investors has a 12-month low of $12.70 and a 12-month high of $17.60. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 12.43, a P/E/G ratio of 2.19 and a beta of 1.12.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.05 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.38%. Sunstone Hotel Investors’s dividend payout ratio is presently 17.09%.

Large investors have recently bought and sold shares of the business. PGGM Investments raised its holdings in Sunstone Hotel Investors by 124.8% during the fourth quarter. PGGM Investments now owns 11,977,005 shares of the real estate investment trust’s stock valued at $155,821,000 after acquiring an additional 6,650,000 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Sunstone Hotel Investors by 52.5% during the first quarter. BNP Paribas Arbitrage SA now owns 185,140 shares of the real estate investment trust’s stock valued at $2,666,000 after purchasing an additional 63,743 shares in the last quarter. Elliott Management Corp purchased a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at about $19,106,000. Teachers Advisors LLC grew its position in shares of Sunstone Hotel Investors by 0.7% during the third quarter. Teachers Advisors LLC now owns 2,383,592 shares of the real estate investment trust’s stock valued at $38,996,000 after purchasing an additional 17,224 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Sunstone Hotel Investors during the third quarter valued at about $358,000.

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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