Equities research analysts forecast that Sunstone Hotel Investors Inc (NYSE:SHO) will post sales of $255.31 million for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Sunstone Hotel Investors’ earnings, with the lowest sales estimate coming in at $246.00 million and the highest estimate coming in at $263.33 million. Sunstone Hotel Investors reported sales of $271.45 million in the same quarter last year, which indicates a negative year-over-year growth rate of 5.9%. The business is scheduled to issue its next earnings report after the market closes on Monday, May 6th.
On average, analysts expect that Sunstone Hotel Investors will report full year sales of $1.11 billion for the current year, with estimates ranging from $1.10 billion to $1.15 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.13 billion, with estimates ranging from $1.11 billion to $1.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, topping the consensus estimate of $0.27 by $0.02. The firm had revenue of $280.85 million during the quarter, compared to the consensus estimate of $275.14 million. Sunstone Hotel Investors had a return on equity of 10.02% and a net margin of 21.61%. The company’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.28 earnings per share.
Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. Deutsche Bank reaffirmed a “hold” rating and issued a $16.00 target price on shares of Sunstone Hotel Investors in a report on Thursday, February 14th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.83.
Several hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC grew its holdings in shares of Sunstone Hotel Investors by 82.2% in the first quarter. Nisa Investment Advisors LLC now owns 12,570 shares of the real estate investment trust’s stock valued at $181,000 after acquiring an additional 5,670 shares in the last quarter. Alpha Windward LLC grew its holdings in shares of Sunstone Hotel Investors by 2.4% in the first quarter. Alpha Windward LLC now owns 33,614 shares of the real estate investment trust’s stock valued at $484,000 after acquiring an additional 780 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in shares of Sunstone Hotel Investors in the first quarter valued at approximately $185,000. Virtu Financial LLC bought a new position in Sunstone Hotel Investors during the first quarter valued at $255,000. Finally, PGGM Investments grew its holdings in Sunstone Hotel Investors by 4.1% during the first quarter. PGGM Investments now owns 12,472,607 shares of the real estate investment trust’s stock valued at $179,606,000 after purchasing an additional 495,602 shares during the period.
Shares of Sunstone Hotel Investors stock traded up $0.16 on Thursday, hitting $14.66. The company had a trading volume of 1,019,716 shares, compared to its average volume of 2,221,924. The company has a market cap of $3.35 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 2.28 and a beta of 1.14. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors has a 1 year low of $12.70 and a 1 year high of $17.60.
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, March 28th. Sunstone Hotel Investors’s dividend payout ratio is presently 17.09%.
About Sunstone Hotel Investors
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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