Sunstone Hotel Investors (SHO) Issues Quarterly Earnings Results
Sunstone Hotel Investors (NYSE:SHO) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.19), Yahoo Finance reports. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The firm had revenue of $290.19 million for the quarter, compared to analyst estimates of $284.59 million. During the same quarter in the prior year, the firm earned $0.29 earnings per share. The firm’s revenue for the quarter was up .2% on a year-over-year basis. Sunstone Hotel Investors updated its Q1 guidance to $0.18-0.20 EPS and its FY18 guidance to $1.05-1.15 EPS.
Shares of Sunstone Hotel Investors (NYSE SHO) traded down $0.41 during trading hours on Tuesday, hitting $15.39. 884,751 shares of the stock traded hands, compared to its average volume of 1,702,779. The firm has a market capitalization of $3,569.10, a P/E ratio of 23.58, a PEG ratio of 2.63 and a beta of 1.05. The company has a quick ratio of 4.75, a current ratio of 4.76 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors has a 52 week low of $14.15 and a 52 week high of $17.46.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st were issued a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, December 28th. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. This represents a $2.32 annualized dividend and a dividend yield of 15.07%. Sunstone Hotel Investors’s dividend payout ratio is 346.27%.
Several brokerages have commented on SHO. B. Riley set a $16.00 price objective on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Raymond James Financial restated a “market perform” rating on shares of Sunstone Hotel Investors in a research report on Monday, January 8th. Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.06.
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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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