Sunstone Hotel Investors (NYSE:SHO) Releases FY 2019 Earnings Guidance

Sunstone Hotel Investors (NYSE:SHO) updated its FY 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.07-1.13 for the period. Sunstone Hotel Investors also updated its FY19 guidance to $1.07-1.13 EPS.

Several research firms have recently issued reports on SHO. Wells Fargo & Co raised shares of Sunstone Hotel Investors from a market perform rating to an outperform rating and set a $15.00 target price on the stock in a research note on Thursday, June 27th. TheStreet lowered shares of Sunstone Hotel Investors from a b- rating to a c+ rating in a research note on Friday, May 31st. ValuEngine lowered shares of Sunstone Hotel Investors from a hold rating to a sell rating in a research note on Friday, July 12th. Bank of America lowered shares of Sunstone Hotel Investors from a neutral rating to an underperform rating in a research note on Wednesday, July 17th. Finally, Zacks Investment Research raised shares of Sunstone Hotel Investors from a sell rating to a hold rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, three have assigned 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 target price of $15.67.

Sunstone Hotel Investors stock traded up $0.45 during midday trading on Friday, reaching $13.30. The company had a trading volume of 2,445,565 shares, compared to its average volume of 1,774,980. The company has a market capitalization of $3.02 billion, a P/E ratio of 11.37, a P/E/G 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 business has a fifty day moving average of $13.50. The company has a quick ratio of 7.05, a current ratio of 7.05 and a debt-to-equity ratio of 0.42.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.15). The company had revenue of $302.90 million during 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%. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 earnings per share. On average, research analysts forecast that Sunstone Hotel Investors will post 1.08 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date was Thursday, June 27th. Sunstone Hotel Investors’s dividend payout ratio is presently 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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Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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