Analysts expect Sunstone Hotel Investors (NYSE:SHO) to post sales of $258.28 million for the current quarter, according to Zacks. Seven analysts have made estimates for Sunstone Hotel Investors’ earnings, with the lowest sales estimate coming in at $251.75 million and the highest estimate coming in at $264.21 million. Sunstone Hotel Investors reported sales of $280.74 million during the same quarter last year, which would suggest a negative year over year growth rate of 8%. The company is scheduled to announce its next earnings results on Tuesday, May 1st.
On average, analysts expect that Sunstone Hotel Investors will report full-year sales of $258.28 million for the current year, with estimates ranging from $1.13 billion to $1.18 billion. For the next year, analysts forecast that the company will report sales of $1.18 billion per share, with estimates ranging from $1.16 billion to $1.21 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a net margin of 12.53% and a return on equity of 5.56%. The company had revenue of $290.19 million during the quarter, compared to analyst estimates of $284.59 million. During the same quarter last year, the business earned $0.29 EPS. The firm’s revenue for the quarter was up .2% on a year-over-year basis.
Several analysts recently commented on the stock. Boenning Scattergood reiterated an “outperform” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, February 14th. Robert W. Baird set a $17.00 target price on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Wells Fargo restated a “market perform” rating and set a $17.50 target price on shares of Sunstone Hotel Investors in a research report on Tuesday, December 19th. B. Riley set a $16.00 target price on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Monday, February 12th. Finally, Raymond James Financial restated a “market perform” rating on shares of Sunstone Hotel Investors in a research report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $15.93.
Shares of NYSE SHO opened at $14.83 on Friday. 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 52 week low of $14.09 and a 52 week high of $17.46. The stock has a market capitalization of $3,379.82, a P/E ratio of 12.40, a P/E/G ratio of 2.67 and a beta of 1.06.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date is Wednesday, March 28th. Sunstone Hotel Investors’s payout ratio is currently 16.39%.
Several large investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new position in shares of Sunstone Hotel Investors in the fourth quarter valued at approximately $289,000. MetLife Investment Advisors LLC acquired a new position in shares of Sunstone Hotel Investors in the fourth quarter valued at approximately $1,703,000. Jump Trading LLC acquired a new position in shares of Sunstone Hotel Investors in the fourth quarter valued at approximately $484,000. Vident Investment Advisory LLC raised its position in shares of Sunstone Hotel Investors by 6.5% in the fourth quarter. Vident Investment Advisory LLC now owns 171,817 shares of the real estate investment trust’s stock valued at $2,840,000 after buying an additional 10,494 shares during the last quarter. Finally, Zeke Capital Advisors LLC acquired a new position in shares of Sunstone Hotel Investors in the fourth quarter valued at approximately $232,000.
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About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 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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