Equities analysts predict that Sunstone Hotel Investors Inc (NYSE:SHO) will report sales of $279.52 million for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Sunstone Hotel Investors’ earnings. The lowest sales estimate is $274.00 million and the highest is $282.95 million. Sunstone Hotel Investors posted sales of $289.31 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3.4%. The business is expected to announce its next earnings report on Monday, November 4th.
On average, 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 fiscal 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’ sales calculations are a mean average based on a survey of research firms that follow Sunstone Hotel Investors.
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 (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.15). The company had revenue of $302.90 million during the quarter, compared to the consensus estimate of $297.95 million. Sunstone Hotel Investors had a net margin of 20.14% and a return on equity of 8.97%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.37 earnings per share.
Institutional investors and hedge funds have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new position in shares of Sunstone Hotel Investors in the 1st quarter valued at $76,000. Pearl River Capital LLC bought a new position in shares of Sunstone Hotel Investors in the 1st quarter valued at $144,000. Berman Capital Advisors LLC bought a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at $144,000. Assetmark Inc. lifted its stake in shares of Sunstone Hotel Investors by 7,254.5% in the 2nd quarter. Assetmark Inc. now owns 11,473 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 11,317 shares during the last quarter. Finally, ARP Americas LP bought a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at $164,000.
NYSE SHO traded up $0.02 on Friday, hitting $12.97. 1,184,053 shares of the company’s stock were exchanged, compared to its average volume of 2,118,372. The business has a 50-day moving average price of $13.42. The company has a current ratio of 6.97, a quick ratio of 6.97 and a debt-to-equity ratio of 0.41. Sunstone Hotel Investors has a 52 week low of $12.54 and a 52 week high of $16.91. The company has a market cap of $2.98 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 2.02 and a beta of 1.05.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.54%. The ex-dividend date is Friday, September 27th. 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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