Sunstone Hotel Investors Inc (NYSE:SHO) – Research analysts at Jefferies Financial Group raised their FY2019 EPS estimates for Sunstone Hotel Investors in a report released on Thursday, October 17th. Jefferies Financial Group analyst D. Katz now expects that the real estate investment trust will post earnings per share of $1.11 for the year, up from their previous forecast of $1.10. Jefferies Financial Group also issued estimates for Sunstone Hotel Investors’ Q1 2020 earnings at $0.21 EPS, Q1 2021 earnings at $0.19 EPS, Q2 2021 earnings at $0.34 EPS, Q3 2021 earnings at $0.28 EPS and FY2021 earnings at $1.08 EPS.
Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, October 16th. JPMorgan Chase & Co. reduced their price objective on 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. Wedbush raised Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 26th. Deutsche Bank set a $15.00 price objective on Sunstone Hotel Investors and gave the stock a “hold” rating in a research note on Friday, August 2nd. Finally, ValuEngine raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $14.25.
Shares of Sunstone Hotel Investors stock opened at $13.53 on Monday. The stock has a 50-day moving average price of $13.57 and a 200 day moving average price of $13.76. The company has a market cap of $3.04 billion, a P/E ratio of 11.56, a P/E/G ratio of 2.05 and a beta of 1.05. The company has a current ratio of 6.97, a quick ratio of 6.97 and a debt-to-equity ratio of 0.41. Sunstone Hotel Investors has a 1 year low of $12.54 and a 1 year high of $15.62.
Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.15). The company had revenue of $302.90 million for the quarter, compared to analysts’ expectations of $297.95 million. Sunstone Hotel Investors had a net margin of 20.14% and a return on equity of 8.97%. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 earnings per share.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend was Friday, September 27th. Sunstone Hotel Investors’s dividend payout ratio is currently 17.09%.
A number of institutional investors have recently made changes to their positions in SHO. Berman Capital Advisors LLC purchased a new stake in shares of Sunstone Hotel Investors during the 2nd quarter worth about $144,000. Assetmark Inc. raised its stake in shares of Sunstone Hotel Investors by 7,254.5% during the 2nd quarter. Assetmark Inc. now owns 11,473 shares of the real estate investment trust’s stock worth $157,000 after purchasing an additional 11,317 shares in the last quarter. ARP Americas LP purchased a new stake in shares of Sunstone Hotel Investors during the 2nd quarter worth about $164,000. Tower Research Capital LLC TRC raised its stake in shares of Sunstone Hotel Investors by 877.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,409 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 12,037 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Sunstone Hotel Investors during the 2nd quarter worth about $216,000.
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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