Wall Street brokerages forecast that Sunstone Hotel Investors (NYSE:SHO) will report earnings of $0.19 per share for the current quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Sunstone Hotel Investors’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.21. Sunstone Hotel Investors posted earnings of $0.24 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 20.8%. The business is scheduled to announce its next quarterly earnings results after the market closes on Monday, May 7th.
On average, analysts expect that Sunstone Hotel Investors will report full-year earnings of $1.14 per share for the current year, with EPS estimates ranging from $1.08 to $1.23. For the next year, analysts expect that the business will post earnings of $1.17 per share, with EPS estimates ranging from $1.10 to $1.27. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a net margin of 12.53% and a return on equity of 5.56%. The business had revenue of $290.19 million during the quarter, compared to analyst estimates of $284.59 million. During the same quarter last year, the business earned $0.29 earnings per share. Sunstone Hotel Investors’s revenue for the quarter was up .2% on a year-over-year basis.
NYSE SHO opened at $15.73 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.00 and a current ratio of 3.00. Sunstone Hotel Investors has a 12-month low of $14.09 and a 12-month high of $17.46. The company has a market capitalization of $3,544.31, a PE ratio of 12.89, a price-to-earnings-growth ratio of 2.79 and a beta of 1.06.
The company also recently announced a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Friday, March 30th were issued a dividend of $0.05 per share. The ex-dividend date was Wednesday, March 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. Sunstone Hotel Investors’s payout ratio is 16.39%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Sunstone Hotel Investors by 2.6% during the fourth quarter. BlackRock Inc. now owns 21,207,320 shares of the real estate investment trust’s stock worth $350,558,000 after buying an additional 544,188 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Sunstone Hotel Investors by 5.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,046,576 shares of the real estate investment trust’s stock worth $232,190,000 after buying an additional 754,542 shares during the last quarter. Deutsche Bank AG increased its holdings in Sunstone Hotel Investors by 31.1% during the fourth quarter. Deutsche Bank AG now owns 11,970,288 shares of the real estate investment trust’s stock worth $197,865,000 after buying an additional 2,841,311 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Sunstone Hotel Investors by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 3,170,397 shares of the real estate investment trust’s stock worth $50,948,000 after buying an additional 33,310 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Sunstone Hotel Investors by 8.1% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,886,470 shares of the real estate investment trust’s stock worth $47,714,000 after buying an additional 216,832 shares during the last quarter.
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About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2018 has interests in 25 hotels comprised of 12,450 rooms. Sunstone's hotels are primarily in the urban and resort upper upscale segment and are predominantly operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
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