Brokerages Expect Sunstone Hotel Investors Inc (SHO) Will Announce Quarterly Sales of $275.43 Million

Analysts predict that Sunstone Hotel Investors Inc (NYSE:SHO) will post $275.43 million in sales for the current quarter, according to Zacks. Seven analysts have provided estimates for Sunstone Hotel Investors’ earnings, with estimates ranging from $264.96 million to $289.00 million. Sunstone Hotel Investors posted sales of $290.19 million in the same quarter last year, which suggests a negative year-over-year growth rate of 5.1%. The business is scheduled to issue its next earnings results on Monday, February 11th.

On average, analysts expect that Sunstone Hotel Investors will report full year sales of $1.15 billion for the current financial year, with estimates ranging from $1.14 billion to $1.17 billion. For the next fiscal year, analysts forecast that the company will report sales of $1.14 billion, with estimates ranging from $1.12 billion to $1.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Monday, November 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.10. Sunstone Hotel Investors had a return on equity of 7.84% and a net margin of 16.56%. The company had revenue of $289.30 million for the quarter, compared to analyst estimates of $291.19 million. During the same period last year, the company earned $0.31 earnings per share. The business’s revenue was down 4.8% compared to the same quarter last year.

A number of research firms have recently commented on SHO. Zacks Investment Research lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, October 16th. Deutsche Bank set a $16.00 price objective on Sunstone Hotel Investors and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Finally, Wells Fargo & Co dropped their price objective on Sunstone Hotel Investors from $17.50 to $16.00 and set a “market perform” rating on the stock in a research note on Thursday, November 15th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.00.

Several institutional investors have recently bought and sold shares of the company. Point72 Hong Kong Ltd bought a new position in Sunstone Hotel Investors during the second quarter valued at about $118,000. Qube Research & Technologies Ltd bought a new position in Sunstone Hotel Investors during the second quarter valued at about $128,000. Campbell & CO Investment Adviser LLC bought a new position in Sunstone Hotel Investors during the third quarter valued at about $164,000. First Hawaiian Bank bought a new position in Sunstone Hotel Investors during the third quarter valued at about $166,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Sunstone Hotel Investors during the second quarter valued at about $180,000.

Shares of Sunstone Hotel Investors stock traded down $0.45 during trading on Friday, reaching $14.81. The company’s stock had a trading volume of 2,049,276 shares, compared to its average volume of 1,891,380. The company has a debt-to-equity ratio of 0.39, a quick ratio of 6.35 and a current ratio of 6.36. The firm has a market capitalization of $3.48 billion, a PE ratio of 12.14, a PEG ratio of 3.00 and a beta of 1.12. Sunstone Hotel Investors has a one year low of $13.67 and a one year high of $17.60.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of November 5, 2018 has interests in 22 hotels comprised of 11,176 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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