Sunstone Hotel Investors, Inc. (NYSE:SHO) will post its quarterly earnings results after the market closes on Monday, October 30th. Analysts expect Sunstone Hotel Investors to post earnings of $0.13 per share for the quarter. Sunstone Hotel Investors has set its Q3 guidance at $0.29 to $0.31 EPS.
Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The firm had revenue of $318.80 million during the quarter, compared to the consensus estimate of $316.96 million. During the same quarter in the prior year, the firm earned $0.39 EPS. Sunstone Hotel Investors’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts expect Sunstone Hotel Investors to post $1.2 EPS for the current fiscal year and $1.23 EPS for the next fiscal year.
Shares of Sunstone Hotel Investors, Inc. (SHO) opened at 16.53 on Monday. Sunstone Hotel Investors, Inc. has a 52-week low of $12.14 and a 52-week high of $17.15. The stock has a market cap of $3.72 billion, a P/E ratio of 21.44 and a beta of 1.17. The company has a 50-day moving average of $16.10 and a 200 day moving average of $15.89.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, September 28th. Sunstone Hotel Investors’s dividend payout ratio is presently 25.64%.
A number of research firms have issued reports on SHO. Zacks Investment Research cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub cut Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 1st. Canaccord Genuity raised their target price on Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Robert W. Baird reiterated a “hold” rating and issued a $17.00 target price on shares of Sunstone Hotel Investors in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $16.13.
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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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