Jefferies Financial Group Comments on Sunstone Hotel Investors Inc’s FY2019 Earnings (NYSE:SHO)

Sunstone Hotel Investors Inc (NYSE:SHO) – Jefferies Financial Group lifted their FY2019 earnings estimates for Sunstone Hotel Investors in a research note issued on Thursday, October 17th. Jefferies Financial Group analyst D. Katz now expects that the real estate investment trust will earn $1.11 per share for the year, up from their previous forecast of $1.10. Jefferies Financial Group also issued estimates for Sunstone Hotel Investors’ Q1 2020 earnings at $0.21 EPS, Q1 2021 earnings at $0.19 EPS, Q2 2021 earnings at $0.34 EPS, Q3 2021 earnings at $0.28 EPS and FY2021 earnings at $1.08 EPS.

A number of other brokerages also recently weighed in on SHO. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Tuesday. Wedbush raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 26th. ValuEngine raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating for the company in a research report on Friday, September 6th. Finally, Deutsche Bank set a $15.00 price objective on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $14.25.

Shares of NYSE:SHO opened at $13.87 on Monday. The company has a quick ratio of 6.97, a current ratio of 6.97 and a debt-to-equity ratio of 0.41. Sunstone Hotel Investors has a fifty-two week low of $12.54 and a fifty-two week high of $15.62. The firm has a 50-day simple moving average of $13.61 and a 200 day simple moving average of $13.74. The company has a market cap of $3.04 billion, a PE ratio of 11.85, a P/E/G ratio of 2.05 and a beta of 1.05.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.15). Sunstone Hotel Investors had a net margin of 20.14% and a return on equity of 8.97%. The business had revenue of $302.90 million for the quarter, compared to the consensus estimate of $297.95 million. During the same period in the prior year, the company earned $0.37 EPS. Sunstone Hotel Investors’s quarterly revenue was down 4.6% on a year-over-year basis.

A number of hedge funds and other institutional investors have recently bought and sold shares of SHO. Nuveen Asset Management LLC boosted its holdings in shares of Sunstone Hotel Investors by 33.1% in the second quarter. Nuveen Asset Management LLC now owns 7,595,524 shares of the real estate investment trust’s stock valued at $104,134,000 after acquiring an additional 1,890,600 shares in the last quarter. Landscape Capital Management L.L.C. boosted its holdings in shares of Sunstone Hotel Investors by 49.4% in the second quarter. Landscape Capital Management L.L.C. now owns 169,220 shares of the real estate investment trust’s stock valued at $2,320,000 after acquiring an additional 55,939 shares in the last quarter. Crestline Management LP bought a new position in shares of Sunstone Hotel Investors in the second quarter valued at approximately $8,633,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sunstone Hotel Investors by 3.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,966,334 shares of the real estate investment trust’s stock valued at $54,379,000 after acquiring an additional 115,568 shares in the last quarter. Finally, Teachers Insurance & Annuity Association of America boosted its holdings in shares of Sunstone Hotel Investors by 101.1% in the second quarter. Teachers Insurance & Annuity Association of America now owns 424,419 shares of the real estate investment trust’s stock valued at $5,818,000 after acquiring an additional 213,335 shares in the last quarter.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.44%. The ex-dividend date of this dividend was Friday, September 27th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 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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