Wall Street brokerages expect that Sunstone Hotel Investors Inc (NYSE:SHO) will announce $0.29 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Sunstone Hotel Investors’ earnings. The lowest EPS estimate is $0.28 and the highest is $0.31. Sunstone Hotel Investors posted earnings per share of $0.31 during the same quarter last year, which suggests a negative year-over-year growth rate of 6.5%. The firm is expected to issue its next quarterly earnings results on Monday, October 29th.
On average, analysts expect that Sunstone Hotel Investors will report full year earnings of $1.13 per share for the current financial year, with EPS estimates ranging from $1.11 to $1.16. For the next financial year, analysts forecast that the firm will post earnings of $1.17 per share, with EPS estimates ranging from $1.13 to $1.29. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.16). The firm had revenue of $317.40 million during the quarter, compared to the consensus estimate of $317.54 million. Sunstone Hotel Investors had a net margin of 10.08% and a return on equity of 4.26%. The company’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS.
Shares of Sunstone Hotel Investors traded down $0.18, hitting $15.86, during trading hours on Friday, according to MarketBeat. The stock had a trading volume of 1,471,019 shares, compared to its average volume of 1,448,229. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 13.83, a PEG ratio of 2.99 and a beta of 1.06. Sunstone Hotel Investors has a 52 week low of $14.09 and a 52 week high of $17.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.61 and a current ratio of 5.62.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.26%. Sunstone Hotel Investors’s payout ratio is currently 16.39%.
A number of institutional investors have recently made changes to their positions in the business. Heitman Real Estate Securities LLC boosted its position in Sunstone Hotel Investors by 51.0% during the second quarter. Heitman Real Estate Securities LLC now owns 2,662,230 shares of the real estate investment trust’s stock worth $47,086,000 after purchasing an additional 899,398 shares during the period. Envestnet Asset Management Inc. boosted its position in Sunstone Hotel Investors by 1,518.8% during the second quarter. Envestnet Asset Management Inc. now owns 144,528 shares of the real estate investment trust’s stock worth $2,401,000 after purchasing an additional 135,600 shares during the period. Citadel Advisors LLC boosted its position in Sunstone Hotel Investors by 697.2% during the second quarter. Citadel Advisors LLC now owns 221,291 shares of the real estate investment trust’s stock worth $3,678,000 after purchasing an additional 193,534 shares during the period. NumerixS Investment Technologies Inc bought a new stake in Sunstone Hotel Investors during the second quarter worth approximately $373,000. Finally, Dimensional Fund Advisors LP boosted its position in Sunstone Hotel Investors by 0.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,508,486 shares of the real estate investment trust’s stock worth $58,311,000 after purchasing an additional 23,256 shares during the period.
About Sunstone Hotel Investors
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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