Equities analysts expect Sunstone Hotel Investors (NYSE:SHO) to post sales of $314.76 million for the current quarter, according to Zacks. Seven analysts have issued estimates for Sunstone Hotel Investors’ earnings, with the lowest sales estimate coming in at $305.00 million and the highest estimate coming in at $324.07 million. Sunstone Hotel Investors reported sales of $318.80 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.3%. The company is expected to issue its next quarterly earnings results on Tuesday, August 7th.
According to Zacks, analysts expect that Sunstone Hotel Investors will report full-year sales of $1.17 billion for the current year, with estimates ranging from $1.15 billion to $1.19 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.20 billion per share, with estimates ranging from $1.17 billion to $1.22 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, May 7th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Sunstone Hotel Investors had a net margin of 10.28% and a return on equity of 4.41%. The firm had revenue of $271.45 million during the quarter, compared to analyst estimates of $263.09 million. During the same quarter in the prior year, the firm posted $0.24 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis.
A number of research analysts recently issued reports on SHO shares. Zacks Investment Research cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. Boenning Scattergood reaffirmed a “buy” rating and issued a $17.00 price target on shares of Sunstone Hotel Investors in a report on Wednesday, May 9th. 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. Finally, B. Riley set a $16.00 price target on Sunstone Hotel Investors and gave the company a “hold” rating in a report on Monday, February 12th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.79.
Shares of NYSE:SHO traded up $0.31 on Friday, hitting $16.65. The stock had a trading volume of 2,077,238 shares, compared to its average volume of 1,864,355. Sunstone Hotel Investors has a twelve month low of $14.09 and a twelve month high of $17.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.23 and a current ratio of 5.24. The company has a market capitalization of $3.69 billion, a PE ratio of 13.65, a P/E/G ratio of 2.87 and a beta of 1.06.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be issued a $0.05 dividend. The ex-dividend date is Thursday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.20%. Sunstone Hotel Investors’s dividend payout ratio is 16.39%.
Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in shares of Sunstone Hotel Investors by 0.5% in the first quarter. BlackRock Inc. now owns 21,303,967 shares of the real estate investment trust’s stock valued at $324,247,000 after buying an additional 96,647 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Sunstone Hotel Investors by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,046,576 shares of the real estate investment trust’s stock worth $232,190,000 after purchasing an additional 754,542 shares during the last quarter. Deutsche Bank AG raised its holdings in Sunstone Hotel Investors by 31.1% during the 4th quarter. Deutsche Bank AG now owns 11,970,288 shares of the real estate investment trust’s stock worth $197,865,000 after purchasing an additional 2,841,311 shares during the last quarter. Principal Financial Group Inc. raised its holdings in 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. Finally, Nuveen Asset Management LLC raised its holdings in Sunstone Hotel Investors by 29.7% during the 1st quarter. Nuveen Asset Management LLC now owns 6,272,821 shares of the real estate investment trust’s stock worth $95,472,000 after purchasing an additional 1,434,991 shares during the last quarter.
About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of May 7, 2018 has interests in 25 hotels comprised of 12,450 rooms. Sunstone's hotels are primarily in the urban and resort upper upscale segment and are predominantly operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
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