Sunstone Hotel Investors (NYSE:SHO) Issues Q3 2019 Earnings Guidance

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.

A number of equities analysts have recently commented on the company. Wells Fargo & Co raised Sunstone Hotel Investors from a market perform rating to an outperform rating and set a $15.00 price target for the company in a report on Thursday, June 27th. Wedbush raised Sunstone Hotel Investors from a neutral rating to an outperform rating in a report on Wednesday, June 26th. Zacks Investment Research raised Sunstone Hotel Investors from a sell rating to a hold rating in a report on Thursday. ValuEngine cut Sunstone Hotel Investors from a hold rating to a sell rating in a report on Friday, July 12th. Finally, TheStreet cut Sunstone Hotel Investors from a b- rating to a c+ rating in a report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $15.67.

SHO traded up $0.45 on Friday, reaching $13.30. The stock had a trading volume of 2,445,565 shares, compared to its average volume of 1,774,980. Sunstone Hotel Investors has a fifty-two week low of $12.54 and a fifty-two week high of $16.91. The firm’s 50-day moving average price is $13.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 7.05 and a quick ratio of 7.05. The stock has a market cap of $3.02 billion, a P/E ratio of 11.37, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.15). Sunstone Hotel Investors had a return on equity of 9.13% and a net margin of 20.15%. The firm had revenue of $302.90 million during the quarter, compared to analyst estimates of $297.95 million. During the same period in the previous year, the company earned $0.37 EPS. Sunstone Hotel Investors’s revenue for the quarter was down 4.6% on a year-over-year basis. As a group, analysts predict that Sunstone Hotel Investors will post 1.08 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.05 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.50%. Sunstone Hotel Investors’s payout ratio is presently 17.09%.

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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