$0.08 Earnings Per Share Expected for Sunstone Hotel Investors Inc (NYSE:SHO) This Quarter

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Equities analysts predict that Sunstone Hotel Investors Inc (NYSE:SHO) will announce earnings of $0.08 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Sunstone Hotel Investors’ earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.06. Sunstone Hotel Investors reported earnings of $0.33 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 75.8%. The business is scheduled to issue its next quarterly earnings results on Thursday, August 6th.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full year earnings of ($0.30) per share for the current year, with EPS estimates ranging from ($0.58) to ($0.14). For the next year, analysts expect that the firm will report earnings of $0.38 per share, with EPS estimates ranging from ($0.28) to $0.76. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.14). Sunstone Hotel Investors had a negative return on equity of 1.69% and a negative net margin of 3.88%. The business had revenue of $191.21 million during the quarter, compared to analyst estimates of $209.65 million. During the same quarter last year, the firm posted $0.21 EPS. The company’s revenue was down 25.8% compared to the same quarter last year.

Several brokerages have issued reports on SHO. Deutsche Bank restated a “hold” rating and set a $10.00 price objective (down previously from $11.00) on shares of Sunstone Hotel Investors in a research note on Tuesday, May 19th. SunTrust Banks lowered their target price on Sunstone Hotel Investors from $8.00 to $7.00 and set a “hold” rating for the company in a report on Monday, May 11th. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Wednesday, June 24th. Morgan Stanley reduced their target price on Sunstone Hotel Investors from $8.00 to $7.00 and set an “underweight” rating for the company in a report on Friday, May 15th. Finally, Bank of America raised shares of Sunstone Hotel Investors from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 19th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $9.43.

Shares of NYSE:SHO traded up $0.22 during trading on Tuesday, hitting $8.16. The company’s stock had a trading volume of 5,403,300 shares, compared to its average volume of 4,046,422. The stock’s 50-day moving average price is $8.76 and its two-hundred day moving average price is $10.65. Sunstone Hotel Investors has a fifty-two week low of $5.75 and a fifty-two week high of $14.47. The company has a market capitalization of $1.71 billion, a PE ratio of -30.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.04 and a current ratio of 5.04.

In other Sunstone Hotel Investors news, Director W Blake Baird purchased 5,000 shares of the stock in a transaction dated Wednesday, May 13th. The shares were bought at an average cost of $7.18 per share, with a total value of $35,900.00. Following the completion of the transaction, the director now owns 44,857 shares in the company, valued at approximately $322,073.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHO. Centersquare Investment Management LLC bought a new stake in shares of Sunstone Hotel Investors in the first quarter valued at about $34,606,000. Invesco Ltd. lifted its position in Sunstone Hotel Investors by 61.1% in the 1st quarter. Invesco Ltd. now owns 10,423,654 shares of the real estate investment trust’s stock valued at $90,791,000 after acquiring an additional 3,953,137 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Sunstone Hotel Investors by 889.5% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 3,918,350 shares of the real estate investment trust’s stock valued at $34,129,000 after acquiring an additional 3,522,340 shares in the last quarter. APG Asset Management US Inc. bought a new stake in Sunstone Hotel Investors in the 1st quarter valued at $30,050,000. Finally, Victory Capital Management Inc. lifted its position in Sunstone Hotel Investors by 174.4% in the 4th quarter. Victory Capital Management Inc. now owns 5,226,711 shares of the real estate investment trust’s stock valued at $72,756,000 after acquiring an additional 3,321,824 shares in the last quarter.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 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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Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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