Sunstone Hotel Investors (NYSE:SHO) updated its third quarter 2019 earnings guidance on Thursday. The company provided EPS guidance of $0.27-0.29 for the period. Sunstone Hotel Investors also updated its FY 2019 guidance to $1.07-1.13 EPS.
Several equities analysts have recently weighed in on the stock. Bank of America downgraded shares of Sunstone Hotel Investors from a neutral rating to an underperform rating in a research note on Wednesday, July 17th. Wells Fargo & Co upgraded shares of Sunstone Hotel Investors from a market perform rating to an outperform rating and set a $15.00 target price for the company in a research note on Thursday, June 27th. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a sell rating to a hold rating in a research note on Thursday. Wedbush upgraded shares of Sunstone Hotel Investors from a neutral rating to an outperform rating in a research note on Wednesday, June 26th. Finally, TheStreet downgraded shares of Sunstone Hotel Investors from a b- rating to a c+ rating in a research note on Friday, May 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $15.67.
NYSE:SHO traded up $0.45 during mid-day trading on Friday, hitting $13.30. 2,445,565 shares of the stock traded hands, compared to its average volume of 1,774,980. The firm’s 50-day moving average is $13.50. The company has a market cap of $3.02 billion, a P/E ratio of 11.37, a PEG ratio of 2.03 and a beta of 1.05. Sunstone Hotel Investors has a 12-month low of $12.54 and a 12-month high of $16.91. The company has a debt-to-equity ratio of 0.42, a quick ratio of 7.05 and a current ratio of 7.05.
Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.15). The firm had revenue of $302.90 million for the quarter, compared to analysts’ expectations of $297.95 million. Sunstone Hotel Investors had a net margin of 20.15% and a return on equity of 9.13%. Sunstone Hotel Investors’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 EPS. As a group, sell-side analysts predict that Sunstone Hotel Investors will post 1.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.20 annualized dividend and a yield of 1.50%. Sunstone Hotel Investors’s dividend payout ratio is currently 17.09%.
Sunstone Hotel Investors Company Profile
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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