Sunstone Hotel Investors (NYSE:SHO)‘s stock had its “outperform” rating restated by equities research analysts at Boenning Scattergood in a research note issued to investors on Wednesday, February 14th. Boenning Scattergood also issued estimates for Sunstone Hotel Investors’ Q1 2018 earnings at $0.19 EPS, Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.31 EPS, Q4 2018 earnings at $0.28 EPS, FY2018 earnings at $1.15 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.37 EPS, Q3 2019 earnings at $0.33 EPS and FY2019 earnings at $1.19 EPS.
Several other equities analysts also recently commented on SHO. Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the company a “hold” rating in a research report on Monday, October 23rd. FBR & Co reissued a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. JPMorgan Chase & Co. increased their price target on Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, B. Riley reissued a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $15.94.
Sunstone Hotel Investors (NYSE:SHO) traded up $0.01 on Wednesday, reaching $15.28. The company had a trading volume of 1,062,492 shares, compared to its average volume of 1,858,516. The company has a market capitalization of $3,510.51, a price-to-earnings ratio of 25.45, a PEG ratio of 2.78 and a beta of 1.05. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.42. Sunstone Hotel Investors has a fifty-two week low of $14.15 and a fifty-two week high of $17.46.
Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.19). The business had revenue of $290.19 million for the quarter, compared to analyst estimates of $284.59 million. Sunstone Hotel Investors had a return on equity of 5.56% and a net margin of 12.53%. Sunstone Hotel Investors’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. equities research analysts anticipate that Sunstone Hotel Investors will post 1.12 earnings per share for the current year.
In other news, CFO Bryan Albert Giglia sold 18,426 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total value of $308,266.98. Following the completion of the transaction, the chief financial officer now directly owns 229,833 shares in the company, valued at approximately $3,845,106.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nisa Investment Advisors LLC acquired a new stake in Sunstone Hotel Investors during the 4th quarter worth about $155,000. Lourd Capital LLC acquired a new stake in Sunstone Hotel Investors during the 4th quarter worth about $204,000. Koch Industries Inc. acquired a new stake in Sunstone Hotel Investors during the 4th quarter worth about $212,000. Zeke Capital Advisors LLC acquired a new stake in Sunstone Hotel Investors during the 4th quarter worth about $232,000. Finally, GSA Capital Partners LLP acquired a new stake in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $243,000.
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About Sunstone Hotel Investors
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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