Wall Street brokerages expect Sunstone Hotel Investors Inc (NYSE:SHO) to post earnings of $0.19 per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Sunstone Hotel Investors’ earnings, with the highest EPS estimate coming in at $0.19 and the lowest estimate coming in at $0.17. Sunstone Hotel Investors posted earnings per share of $0.24 in the same quarter last year, which would suggest a negative year-over-year growth rate of 20.8%. The company is expected to report its next earnings results on Tuesday, May 1st.
On average, analysts expect that Sunstone Hotel Investors will report full-year earnings of $1.14 per share for the current fiscal year, with EPS estimates ranging from $1.08 to $1.23. For the next year, analysts forecast that the business will post earnings of $1.17 per share, with EPS estimates ranging from $1.10 to $1.27. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.19). Sunstone Hotel Investors had a net margin of 12.53% and a return on equity of 5.56%. The firm had revenue of $290.19 million during the quarter, compared to the consensus estimate of $284.59 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis.
In other Sunstone Hotel Investors news, CFO Bryan Albert Giglia sold 18,426 shares of Sunstone Hotel Investors 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 completion of the sale, the chief financial officer now directly owns 229,833 shares in the company, valued at approximately $3,845,106.09. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.84% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ameritas Investment Partners Inc. lifted its stake in Sunstone Hotel Investors by 3.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock valued at $313,000 after acquiring an additional 609 shares during the period. California Public Employees Retirement System lifted its stake in Sunstone Hotel Investors by 6.6% during the 3rd quarter. California Public Employees Retirement System now owns 648,218 shares of the real estate investment trust’s stock valued at $10,417,000 after acquiring an additional 40,279 shares during the period. Prudential Financial Inc. lifted its stake in Sunstone Hotel Investors by 6.1% during the 3rd quarter. Prudential Financial Inc. now owns 2,496,710 shares of the real estate investment trust’s stock valued at $40,122,000 after acquiring an additional 143,639 shares during the period. ClariVest Asset Management LLC lifted its stake in Sunstone Hotel Investors by 3.4% during the 3rd quarter. ClariVest Asset Management LLC now owns 196,500 shares of the real estate investment trust’s stock valued at $3,158,000 after acquiring an additional 6,500 shares during the period. Finally, Nationwide Fund Advisors lifted its stake in Sunstone Hotel Investors by 22.8% during the 3rd quarter. Nationwide Fund Advisors now owns 464,047 shares of the real estate investment trust’s stock valued at $7,457,000 after acquiring an additional 86,234 shares during the period.
Sunstone Hotel Investors (NYSE:SHO) traded up $0.12 during trading hours on Wednesday, hitting $15.58. 1,808,900 shares of the stock were exchanged, compared to its average volume of 1,862,997. Sunstone Hotel Investors has a twelve month low of $14.15 and a twelve month high of $17.46. The company has a market cap of $3,510.51, a PE ratio of 12.88, a P/E/G ratio of 2.78 and a beta of 1.05. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.42.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Wednesday, March 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 386.67%.
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Sunstone Hotel Investors Company Profile
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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