Brokerages expect that Sunstone Hotel Investors Inc (NYSE:SHO) will post earnings of $0.19 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Sunstone Hotel Investors’ earnings, with estimates ranging from $0.17 to $0.19. Sunstone Hotel Investors reported earnings per share of $0.24 during the same quarter last year, which suggests a negative year over year growth rate of 20.8%. The company is scheduled to announce its next quarterly earnings report on Tuesday, May 1st.
According to Zacks, analysts expect that Sunstone Hotel Investors will report full year earnings of $1.14 per share for the current financial year, with EPS estimates ranging from $1.08 to $1.23. For the next year, analysts anticipate that the business will post earnings of $1.17 per share, with EPS estimates ranging from $1.10 to $1.27. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.19). The firm had revenue of $290.19 million during the quarter, compared to the consensus estimate of $284.59 million. Sunstone Hotel Investors had a return on equity of 5.56% and a net margin of 12.53%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.29 EPS.
In related news, CFO Bryan Albert Giglia sold 18,426 shares of the stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $16.73, for a total transaction of $308,266.98. Following the transaction, the chief financial officer now owns 229,833 shares in the company, valued at $3,845,106.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.84% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Sunstone Hotel Investors by 2.6% during the fourth quarter. BlackRock Inc. now owns 21,207,320 shares of the real estate investment trust’s stock valued at $350,558,000 after buying an additional 544,188 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Sunstone Hotel Investors by 5.7% during the fourth quarter. Daiwa Securities Group Inc. now owns 14,046,576 shares of the real estate investment trust’s stock valued at $232,190,000 after buying an additional 754,542 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Sunstone Hotel Investors by 3.5% during the third quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock valued at $206,238,000 after buying an additional 431,187 shares during the last quarter. Deutsche Bank AG increased its holdings in Sunstone Hotel Investors by 31.1% during the fourth quarter. Deutsche Bank AG now owns 11,970,288 shares of the real estate investment trust’s stock valued at $197,865,000 after buying an additional 2,841,311 shares during the last quarter. Finally, State Street Corp increased its holdings in Sunstone Hotel Investors by 2.6% during the second quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock valued at $140,687,000 after buying an additional 217,834 shares during the last quarter.
Shares of Sunstone Hotel Investors (SHO) traded up $0.12 during midday trading on Wednesday, hitting $15.58. 1,808,941 shares of the stock traded hands, compared to its average volume of 1,899,338. The company has a market capitalization of $3,483.47, a P/E ratio of 25.97, a PEG ratio of 2.76 and a beta of 1.05. Sunstone Hotel Investors has a 52-week low of $14.15 and a 52-week high of $17.46. The company has a current ratio of 3.00, a quick ratio of 4.75 and a debt-to-equity ratio of 0.42.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 386.67%.
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About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.
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