Sunstone Hotel Investors (NYSE:SHO) Releases FY19 Earnings Guidance

Sunstone Hotel Investors (NYSE:SHO) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.07-1.13 for the period, compared to the Thomson Reuters consensus estimate of $1.09. Sunstone Hotel Investors also updated its FY 2019 guidance to $1.07-1.13 EPS.

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

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

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

Several brokerages have recently weighed in on SHO. Zacks Investment Research upgraded Sunstone Hotel Investors from a sell rating to a hold rating in a report on Thursday. TheStreet cut Sunstone Hotel Investors from a b- rating to a c+ rating in a report on Friday, May 31st. Bank of America cut Sunstone Hotel Investors from a neutral rating to an underperform rating in a report on Wednesday, July 17th. Wells Fargo & Co upgraded Sunstone Hotel Investors from a market perform rating to an outperform rating and set a $15.00 target price on the stock in a report on Thursday, June 27th. Finally, Wedbush upgraded Sunstone Hotel Investors from a neutral rating to an outperform rating in a report on Wednesday, June 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $15.67.

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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