Wall Street analysts expect Sunstone Hotel Investors Inc (NYSE:SHO) to report sales of $265.14 million for the current quarter, Zacks reports. Six analysts have made estimates for Sunstone Hotel Investors’ earnings. The lowest sales estimate is $257.57 million and the highest is $269.49 million. Sunstone Hotel Investors posted sales of $280.85 million in the same quarter last year, which would indicate a negative year over year growth rate of 5.6%. The firm is expected to issue its next quarterly earnings results on Tuesday, February 11th.
According to Zacks, analysts expect that Sunstone Hotel Investors will report full-year sales of $1.11 billion for the current fiscal year, with estimates ranging from $1.10 billion to $1.11 billion. For the next year, analysts expect that the business will report sales of $1.11 billion, with estimates ranging from $1.09 billion to $1.12 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.16). The business had revenue of $281.64 million during the quarter, compared to the consensus estimate of $278.57 million. Sunstone Hotel Investors had a return on equity of 6.71% and a net margin of 15.10%. During the same period in the previous year, the company posted $0.30 EPS. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year.
Several equities analysts have commented on the stock. ValuEngine raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. reduced their price target on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Friday, September 6th. Finally, Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.25.
Institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC boosted its stake in Sunstone Hotel Investors by 12,937.6% during the third quarter. Millennium Management LLC now owns 3,095,780 shares of the real estate investment trust’s stock valued at $42,536,000 after buying an additional 3,072,035 shares in the last quarter. Man Group plc lifted its holdings in Sunstone Hotel Investors by 225.8% in the 3rd quarter. Man Group plc now owns 243,700 shares of the real estate investment trust’s stock valued at $3,348,000 after acquiring an additional 168,900 shares during the last quarter. Barclays PLC boosted its position in shares of Sunstone Hotel Investors by 27.0% during the 3rd quarter. Barclays PLC now owns 800,207 shares of the real estate investment trust’s stock valued at $10,994,000 after purchasing an additional 170,002 shares in the last quarter. Pictet Asset Management Ltd. boosted its position in shares of Sunstone Hotel Investors by 8.5% during the 3rd quarter. Pictet Asset Management Ltd. now owns 47,300 shares of the real estate investment trust’s stock valued at $650,000 after purchasing an additional 3,700 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Sunstone Hotel Investors in the 3rd quarter worth approximately $1,221,000.
SHO stock traded up $0.17 during trading on Monday, hitting $14.06. The company had a trading volume of 2,617,196 shares, compared to its average volume of 2,021,733. The business has a 50 day moving average of $13.85 and a 200 day moving average of $13.60. The firm has a market capitalization of $3.16 billion, a price-to-earnings ratio of 12.02, a P/E/G ratio of 2.12 and a beta of 1.02. The company has a current ratio of 6.39, a quick ratio of 6.39 and a debt-to-equity ratio of 0.41. Sunstone Hotel Investors has a fifty-two week low of $12.54 and a fifty-two week high of $15.49.
Sunstone Hotel Investors Company Profile
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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