Equities analysts expect that Sunstone Hotel Investors, Inc. (NYSE:SHO) will announce earnings of $0.26 per share for the current quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Sunstone Hotel Investors’ earnings. The lowest EPS estimate is $0.25 and the highest is $0.28. Sunstone Hotel Investors reported earnings per share of $0.14 in the same quarter last year, which indicates a positive year-over-year growth rate of 85.7%. The business is scheduled to announce its next earnings report on Tuesday, February 20th.
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 $1.21. For the next fiscal year, analysts anticipate that the business will post earnings of $1.23 per share, with EPS estimates ranging from $1.17 to $1.31. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, October 30th. 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. The firm had revenue of $303.91 million during the quarter, compared to analysts’ expectations of $299.90 million. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. Sunstone Hotel Investors’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share.
Shares of Sunstone Hotel Investors (SHO) opened at $16.39 on Monday. The stock has a market cap of $3,693.02, a price-to-earnings ratio of 13.43, a P/E/G ratio of 2.74 and a beta of 1.11. Sunstone Hotel Investors has a fifty-two week low of $13.51 and a fifty-two week high of $17.15. The company has a quick ratio of 4.75, a current ratio of 4.76 and a debt-to-equity ratio of 0.40.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHO. Ameritas Investment Partners Inc. raised its position in Sunstone Hotel Investors by 3.2% in the second quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 609 shares in the last quarter. Global Endowment Management LP acquired a new position in Sunstone Hotel Investors in the second quarter worth about $3,096,000. Legal & General Group Plc raised its position in Sunstone Hotel Investors by 22.7% in the second quarter. Legal & General Group Plc now owns 671,442 shares of the real estate investment trust’s stock worth $10,829,000 after purchasing an additional 124,144 shares in the last quarter. C M Bidwell & Associates Ltd. raised its position in Sunstone Hotel Investors by 51.9% in the second quarter. C M Bidwell & Associates Ltd. now owns 20,790 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 7,100 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Sunstone Hotel Investors by 4.5% in the second quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after purchasing an additional 1,619,745 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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