Brokerages forecast that Sunstone Hotel Investors Inc (NYSE:SHO) will report $0.33 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Sunstone Hotel Investors’ earnings, with the lowest EPS estimate coming in at $0.31 and the highest estimate coming in at $0.34. Sunstone Hotel Investors reported earnings of $0.37 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 10.8%. The business is expected to issue its next earnings report after the market closes on Thursday, August 1st.
On average, analysts expect that Sunstone Hotel Investors will report full year earnings of $1.08 per share for the current fiscal year, with EPS estimates ranging from $1.05 to $1.12. For the next year, analysts expect that the company will post earnings of $1.09 per share, with EPS estimates ranging from $1.04 to $1.15. Zacks Investment Research’s earnings per share calculations 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 posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $257.68 million during the quarter, compared to analysts’ expectations of $256.64 million. Sunstone Hotel Investors had a net margin of 20.15% and a return on equity of 9.13%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period last year, the company posted $0.20 earnings per share.
Shares of NYSE SHO traded down $0.09 during mid-day trading on Tuesday, reaching $13.15. 1,895,442 shares of the company’s stock traded hands, compared to its average volume of 2,025,277. The company has a market capitalization of $3.01 billion, a PE ratio of 11.24, a P/E/G ratio of 2.03 and a beta of 1.07. The business has a 50-day moving average of $13.60. Sunstone Hotel Investors has a 1-year low of $12.70 and a 1-year high of $17.03. The company has a debt-to-equity ratio of 0.42, a quick ratio of 7.05 and a current ratio of 7.05.
The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Thursday, June 27th. Sunstone Hotel Investors’s payout ratio is currently 17.09%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in SHO. Oppenheimer Asset Management Inc. bought a new position in shares of Sunstone Hotel Investors during the first quarter valued at about $76,000. Pearl River Capital LLC bought a new stake in Sunstone Hotel Investors in the first quarter worth about $144,000. Nisa Investment Advisors LLC raised its position in Sunstone Hotel Investors by 82.2% in the first quarter. Nisa Investment Advisors LLC now owns 12,570 shares of the real estate investment trust’s stock worth $181,000 after acquiring an additional 5,670 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in Sunstone Hotel Investors in the first quarter worth about $185,000. Finally, Brinker Capital Inc. raised its position in Sunstone Hotel Investors by 10.5% in the first quarter. Brinker Capital Inc. now owns 14,300 shares of the real estate investment trust’s stock worth $206,000 after acquiring an additional 1,360 shares during the period.
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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