Sunstone Hotel Investors, Inc. (SHO) Updates Q4 Earnings Guidance
Sunstone Hotel Investors, Inc. (NYSE:SHO) issued an update on its fourth quarter earnings guidance on Monday morning. The company provided earnings per share guidance of 0.24-0.26 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.27.
Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) traded down 1.46% during midday trading on Monday, reaching $16.21. 1,003,230 shares of the company’s stock were exchanged. Sunstone Hotel Investors, Inc. has a one year low of $12.14 and a one year high of $17.15. The stock has a market cap of $3.65 billion, a P/E ratio of 21.02 and a beta of 1.17. The company’s 50-day moving average is $16.18 and its 200-day moving average is $15.93.
Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. Sunstone Hotel Investors had a return on equity of 7.70% and a net margin of 15.41%. The company had revenue of $318.80 million during the quarter, compared to the consensus estimate of $316.96 million. During the same period in the previous year, the company posted $0.39 earnings per share. Sunstone Hotel Investors’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities analysts expect that Sunstone Hotel Investors, Inc. will post $0.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Saturday, September 30th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date was Thursday, September 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 25.64%.
A number of analysts have recently commented on SHO shares. Canaccord Genuity boosted their price objective on Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Zacks Investment Research cut Sunstone Hotel Investors from a buy rating to a hold rating in a research report on Tuesday, August 8th. BidaskClub cut Sunstone Hotel Investors from a buy rating to a hold rating in a research report on Monday, July 24th. Finally, Robert W. Baird set a $17.00 price objective on Sunstone Hotel Investors and gave the company a hold rating in a research report on Monday, October 23rd. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $16.13.
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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