Wall Street analysts expect Sunstone Hotel Investors Inc (NYSE:SHO) to post $265.14 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Sunstone Hotel Investors’ earnings, with the highest sales estimate coming in at $269.49 million and the lowest estimate coming in at $257.57 million. Sunstone Hotel Investors reported sales of $280.85 million in the same quarter last year, which indicates a negative year over year growth rate of 5.6%. The firm is scheduled to announce its next earnings report on Tuesday, February 11th.
On average, analysts expect that Sunstone Hotel Investors will report full year sales of $1.11 billion for the current 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 a mean average based on a survey of research analysts that cover Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.16). Sunstone Hotel Investors had a net margin of 15.10% and a return on equity of 6.71%. The company had revenue of $281.64 million during the quarter, compared to analysts’ expectations of $278.57 million. During the same quarter in the previous year, the business posted $0.30 EPS. The business’s quarterly revenue was down 2.7% compared to the same quarter last year.
A number of research analysts recently issued reports on the stock. ValuEngine upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report 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 research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $14.25.
Shares of SHO stock traded up $0.17 during trading hours on Monday, reaching $14.06. 2,617,196 shares of the stock were exchanged, compared to its average volume of 2,021,733. The business’s fifty day moving average is $13.85 and its two-hundred day moving average is $13.60. The firm has a market capitalization of $3.16 billion, a P/E ratio of 12.02, a P/E/G ratio of 2.12 and a beta of 1.02. Sunstone Hotel Investors has a 12-month low of $12.54 and a 12-month high of $15.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.39 and a quick ratio of 6.39.
Several large investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC lifted its stake in Sunstone Hotel Investors by 33.1% during the second quarter. Nuveen Asset Management LLC now owns 7,595,524 shares of the real estate investment trust’s stock worth $104,134,000 after purchasing an additional 1,890,600 shares during the last quarter. Mackay Shields LLC lifted its position in shares of Sunstone Hotel Investors by 120.0% during the 3rd quarter. Mackay Shields LLC now owns 655,319 shares of the real estate investment trust’s stock worth $9,004,000 after buying an additional 357,498 shares during the last quarter. Landscape Capital Management L.L.C. boosted its holdings in shares of Sunstone Hotel Investors by 49.4% in the 2nd quarter. Landscape Capital Management L.L.C. now owns 169,220 shares of the real estate investment trust’s stock valued at $2,320,000 after buying an additional 55,939 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Sunstone Hotel Investors by 12,937.6% in the 3rd 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. Finally, Crestline Management LP acquired a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at $8,633,000.
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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