Zacks: Brokerages Expect Sunstone Hotel Investors, Inc. (SHO) to Post $0.30 EPS

Wall Street brokerages forecast that Sunstone Hotel Investors, Inc. (NYSE:SHO) will announce earnings of $0.30 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Sunstone Hotel Investors’ earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.32. Sunstone Hotel Investors posted earnings per share of $0.16 in the same quarter last year, which indicates a positive year-over-year growth rate of 87.5%. The business is expected to issue its next earnings results after the market closes on Monday, October 30th.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full year earnings of $1.20 per share for the current year, with EPS estimates ranging from $1.19 to $1.23. For the next financial year, analysts expect that the company will report earnings of $1.23 per share, with EPS estimates ranging from $1.18 to $1.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.01. The business had revenue of $318.80 million for the quarter, compared to the consensus estimate of $316.96 million. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period last year, the firm posted $0.39 earnings per share.

A number of research firms recently issued reports on SHO. Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Canaccord Genuity increased their target price on Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $16.13.

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Sunstone Hotel Investors (NYSE:SHO) traded down 1.46% on Monday, hitting $16.21. 1,003,230 shares of the stock traded hands. The company’s 50 day moving average price is $16.18 and its 200-day moving average price is $15.93. The stock has a market capitalization of $3.65 billion, a P/E ratio of 21.02 and a beta of 1.17. Sunstone Hotel Investors has a 12-month low of $12.14 and a 12-month high of $17.15.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, September 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.23%. Sunstone Hotel Investors’s dividend payout ratio is currently 25.64%.

Several institutional investors and hedge funds have recently modified their holdings of SHO. Envestnet Asset Management Inc. grew its stake in shares of Sunstone Hotel Investors by 6.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 449 shares in the last quarter. Teachers Advisors LLC grew its stake in shares of Sunstone Hotel Investors by 2.9% during the 1st quarter. Teachers Advisors LLC now owns 2,247,339 shares of the real estate investment trust’s stock worth $34,452,000 after acquiring an additional 62,327 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Sunstone Hotel Investors by 2.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,026,987 shares of the real estate investment trust’s stock worth $46,402,000 after acquiring an additional 77,991 shares in the last quarter. BlackRock Inc. grew its stake in shares of Sunstone Hotel Investors by 5,722.3% during the 1st quarter. BlackRock Inc. now owns 19,544,184 shares of the real estate investment trust’s stock worth $299,613,000 after acquiring an additional 19,208,506 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Sunstone Hotel Investors by 1.5% during the 1st quarter. State Street Corp now owns 8,509,744 shares of the real estate investment trust’s stock worth $130,452,000 after acquiring an additional 129,397 shares in the last quarter.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

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Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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