Zacks: Brokerages Expect Sunstone Hotel Investors Inc (NYSE:SHO) Will Post Quarterly Sales of $279.25 Million

Analysts expect Sunstone Hotel Investors Inc (NYSE:SHO) to report $279.25 million in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Sunstone Hotel Investors’ earnings, with the lowest sales estimate coming in at $274.00 million and the highest estimate coming in at $282.95 million. Sunstone Hotel Investors posted sales of $289.31 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.5%. The firm is expected to report its next earnings results on Monday, November 4th.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full year sales of $1.11 billion for the current fiscal year, with estimates ranging from $1.11 billion to $1.13 billion. For the next year, analysts expect that the business will post sales of $1.13 billion, with estimates ranging from $1.12 billion to $1.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results 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 for the quarter, compared to analyst estimates of $297.95 million. Sunstone Hotel Investors had a return on equity of 8.97% and a net margin of 20.14%. The business’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS.

Several research firms recently issued reports on SHO. Deutsche Bank set a $15.00 price target on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Friday, August 2nd. Wedbush upgraded shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 26th. Bank of America lowered shares of Sunstone Hotel Investors from a “neutral” rating to an “underperform” rating in a research report 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 price target on the stock in a research report on Thursday, June 27th. Finally, ValuEngine lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $15.33.

Institutional investors have recently modified their holdings of the business. Oppenheimer Asset Management Inc. acquired a new stake in Sunstone Hotel Investors in the first quarter valued at approximately $76,000. Pearl River Capital LLC acquired a new stake in Sunstone Hotel Investors in the first quarter valued at approximately $144,000. Berman Capital Advisors LLC acquired a new stake in Sunstone Hotel Investors in the second quarter valued at approximately $144,000. Assetmark Inc. boosted its position in Sunstone Hotel Investors by 7,254.5% in the second quarter. Assetmark Inc. now owns 11,473 shares of the real estate investment trust’s stock valued at $157,000 after buying an additional 11,317 shares in the last quarter. Finally, ARP Americas LP acquired a new stake in Sunstone Hotel Investors in the second quarter valued at approximately $164,000.

Shares of NYSE SHO traded up $0.19 during trading hours on Friday, hitting $13.16. 2,066,900 shares of the stock were exchanged, compared to its average volume of 1,774,020. The company has a debt-to-equity ratio of 0.41, a quick ratio of 6.97 and a current ratio of 6.97. The company has a market cap of $2.96 billion, a PE ratio of 11.25, a price-to-earnings-growth ratio of 1.97 and a beta of 1.05. The company’s fifty day simple moving average is $13.40 and its two-hundred day simple moving average is $14.12. Sunstone Hotel Investors has a 1-year low of $12.54 and a 1-year high of $16.91.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.05 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.20 dividend on an annualized basis and a yield of 1.52%. Sunstone Hotel Investors’s dividend payout ratio is currently 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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