Sunstone Hotel Investors, Inc. (NYSE:SHO) issued its earnings results on Monday. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.18, Bloomberg Earnings reports. The company had revenue of $303.91 million during the quarter, compared to analyst estimates of $299.90 million. Sunstone Hotel Investors had a return on equity of 6.26% and a net margin of 13.78%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $0.33 EPS. Sunstone Hotel Investors updated its Q4 guidance to 0.24-0.26 EPS.
Sunstone Hotel Investors (SHO) opened at 16.32 on Wednesday. Sunstone Hotel Investors has a 1-year low of $12.14 and a 1-year high of $17.15. The firm’s 50 day moving average price is $16.21 and its 200-day moving average price is $15.95. The stock has a market cap of $3.68 billion, a price-to-earnings ratio of 21.17 and a beta of 1.17.
A number of brokerages recently issued reports on SHO. Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Wednesday. FBR & Co restated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Tuesday. BidaskClub lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Canaccord Genuity raised 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, 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. Three analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $16.13.
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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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