Sunstone Hotel Investors Inc (NYSE:SHO) Expected to Post Earnings of $0.24 Per Share

Wall Street analysts expect that Sunstone Hotel Investors Inc (NYSE:SHO) will announce $0.24 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Sunstone Hotel Investors’ earnings. The highest EPS estimate is $0.25 and the lowest is $0.23. Sunstone Hotel Investors reported earnings per share of $0.29 during the same quarter last year, which would indicate a negative year over year growth rate of 17.2%. The company is scheduled to issue its next quarterly earnings report on Tuesday, February 11th.

On average, analysts expect that Sunstone Hotel Investors will report full-year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.11. For the next fiscal year, analysts forecast that the firm will report earnings of $1.03 per share, with EPS estimates ranging from $0.85 to $1.10. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.16). Sunstone Hotel Investors had a return on equity of 6.71% and a net margin of 15.10%. The business had revenue of $281.64 million for the quarter, compared to analyst estimates of $278.57 million. During the same period in the previous year, the company earned $0.30 earnings per share. The company’s quarterly revenue was down 2.7% compared to the same quarter last year.

A number of equities analysts have weighed in on SHO shares. JPMorgan Chase & Co. reduced their price objective on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Friday, September 6th. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Tuesday, October 22nd. Finally, ValuEngine upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $14.25.

NYSE SHO traded up $0.17 on Friday, hitting $14.06. The company had a trading volume of 2,617,196 shares, compared to its average volume of 2,021,733. The company has a market capitalization of $3.16 billion, a PE ratio of 12.02, a PEG ratio of 2.12 and a beta of 1.02. The company’s fifty day moving average price is $13.85 and its 200-day moving average price is $13.60. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.39 and a quick ratio of 6.39. Sunstone Hotel Investors has a 12-month low of $12.54 and a 12-month high of $15.49.

Several institutional investors have recently made changes to their positions in SHO. Nisa Investment Advisors LLC boosted its stake in shares of Sunstone Hotel Investors by 55.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,479 shares of the real estate investment trust’s stock worth $267,000 after acquiring an additional 6,909 shares during the last quarter. Honeywell International Inc. acquired a new stake in Sunstone Hotel Investors during the 2nd quarter worth $586,000. First Quadrant L P CA grew its holdings in shares of Sunstone Hotel Investors by 42.5% during the second quarter. First Quadrant L P CA now owns 189,078 shares of the real estate investment trust’s stock worth $2,592,000 after buying an additional 56,370 shares in the last quarter. Rothschild & Co. Asset Management US Inc. raised its position in shares of Sunstone Hotel Investors by 5.0% in the second quarter. Rothschild & Co. Asset Management US Inc. now owns 1,024,811 shares of the real estate investment trust’s stock valued at $14,050,000 after buying an additional 48,563 shares during the last quarter. Finally, Bowling Portfolio Management LLC raised its position in shares of Sunstone Hotel Investors by 6.8% in the second quarter. Bowling Portfolio Management LLC now owns 102,841 shares of the real estate investment trust’s stock valued at $1,410,000 after buying an additional 6,557 shares during the last quarter.

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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Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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