Equities analysts predict that Sunstone Hotel Investors Inc (NYSE:SHO) will report sales of $258.29 million for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Sunstone Hotel Investors’ earnings. The lowest sales estimate is $251.75 million and the highest is $264.21 million. Sunstone Hotel Investors posted sales of $280.74 million in the same quarter last year, which suggests a negative year-over-year growth rate of 8%. The business is expected to announce its next earnings report on Tuesday, May 1st.
On average, analysts expect that Sunstone Hotel Investors will report full year sales of $258.29 million for the current fiscal year, with estimates ranging from $1.13 billion to $1.18 billion. For the next fiscal year, analysts expect that the business will post sales of $1.18 billion per share, with estimates ranging from $1.16 billion to $1.21 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.19). Sunstone Hotel Investors had a net margin of 12.53% and a return on equity of 5.56%. The business had revenue of $290.19 million during the quarter, compared to analyst estimates of $284.59 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The firm’s revenue was up .2% on a year-over-year basis.
A number of research analysts have issued reports on SHO shares. Boenning Scattergood raised Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 21st. Raymond James Financial reissued a “market perform” rating on shares of Sunstone Hotel Investors in a research note on Monday, January 8th. Wells Fargo & Co reissued a “market perform” rating and issued a $17.50 target price on shares of Sunstone Hotel Investors in a research note on Tuesday, December 19th. B. Riley set a $16.00 target price on Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Monday, February 12th. Finally, Robert W. Baird set a $17.00 price target on Sunstone Hotel Investors and gave the company a “hold” rating in a report on Wednesday, February 14th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Sunstone Hotel Investors presently has a consensus rating of “Hold” and a consensus price target of $15.93.
In other news, CFO Bryan Albert Giglia sold 18,426 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.73, for a total value of $308,266.98. Following the sale, the chief financial officer now directly owns 229,833 shares in the company, valued at $3,845,106.09. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.84% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System raised its holdings in Sunstone Hotel Investors by 6.6% during the third quarter. California Public Employees Retirement System now owns 648,218 shares of the real estate investment trust’s stock worth $10,417,000 after acquiring an additional 40,279 shares in the last quarter. ClariVest Asset Management LLC raised its holdings in Sunstone Hotel Investors by 3.4% during the third quarter. ClariVest Asset Management LLC now owns 196,500 shares of the real estate investment trust’s stock worth $3,158,000 after acquiring an additional 6,500 shares in the last quarter. Prudential Financial Inc. raised its holdings in Sunstone Hotel Investors by 6.1% during the third quarter. Prudential Financial Inc. now owns 2,496,710 shares of the real estate investment trust’s stock worth $40,122,000 after acquiring an additional 143,639 shares in the last quarter. Nationwide Fund Advisors raised its holdings in Sunstone Hotel Investors by 22.8% during the third quarter. Nationwide Fund Advisors now owns 464,047 shares of the real estate investment trust’s stock worth $7,457,000 after acquiring an additional 86,234 shares in the last quarter. Finally, Westpac Banking Corp raised its holdings in Sunstone Hotel Investors by 71.8% during the fourth quarter. Westpac Banking Corp now owns 650,648 shares of the real estate investment trust’s stock worth $10,755,000 after acquiring an additional 271,865 shares in the last quarter.
Sunstone Hotel Investors (NYSE:SHO) traded up $0.27 during trading hours on Friday, reaching $14.76. The company’s stock had a trading volume of 2,315,931 shares, compared to its average volume of 2,021,017. Sunstone Hotel Investors has a 1 year low of $14.09 and a 1 year high of $17.46. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $3,271.67, a PE ratio of 12.00, a price-to-earnings-growth ratio of 2.58 and a beta of 1.16.
The company 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 $0.05 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 386.67%.
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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.
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