Equities research analysts predict that Sunstone Hotel Investors Inc (NYSE:SHO) will post $0.08 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Sunstone Hotel Investors’ earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.12. Sunstone Hotel Investors reported earnings of $0.33 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 75.8%. The business is scheduled to announce its next quarterly earnings report on Thursday, August 6th.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full-year earnings of ($0.30) per share for the current fiscal year, with EPS estimates ranging from ($0.58) to ($0.14). For the next financial year, analysts anticipate that the business will post earnings of $0.38 per share, with EPS estimates ranging from ($0.28) to $0.76. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.14). The firm had revenue of $191.21 million for the quarter, compared to analysts’ expectations of $209.65 million. Sunstone Hotel Investors had a negative net margin of 3.88% and a negative return on equity of 1.69%. The business’s quarterly revenue was down 25.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.21 EPS.

Several equities analysts have recently commented on the company. SunTrust Banks cut their price target on Sunstone Hotel Investors from $8.00 to $7.00 and set a “hold” rating on the stock in a research note on Monday, May 11th. Bank of America upgraded Sunstone Hotel Investors from an “underperform” rating to a “neutral” rating in a research note on Thursday, March 19th. Morgan Stanley cut their price target on Sunstone Hotel Investors from $8.00 to $7.00 and set an “underweight” rating on the stock in a research note on Friday, May 15th. Jefferies Financial Group upgraded Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Monday, March 30th. Finally, Barclays upgraded Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and set a $11.00 price target for the company in a research report on Tuesday, March 17th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.43.

In other Sunstone Hotel Investors news, Director W Blake Baird purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $7.18 per share, with a total value of $35,900.00. Following the purchase, the director now directly owns 44,857 shares in the company, valued at approximately $322,073.26. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.20% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Alliancebernstein L.P. increased its holdings in shares of Sunstone Hotel Investors by 0.9% in the 1st quarter. Alliancebernstein L.P. now owns 438,738 shares of the real estate investment trust’s stock valued at $3,821,000 after acquiring an additional 3,850 shares during the last quarter. Parametric Portfolio Associates LLC increased its holdings in shares of Sunstone Hotel Investors by 19.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 363,443 shares of the real estate investment trust’s stock valued at $3,166,000 after acquiring an additional 58,549 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Sunstone Hotel Investors by 1.7% in the 1st quarter. Geode Capital Management LLC now owns 4,736,793 shares of the real estate investment trust’s stock valued at $41,257,000 after acquiring an additional 80,124 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Sunstone Hotel Investors by 73.0% in the 4th quarter. Bank of America Corp DE now owns 1,332,888 shares of the real estate investment trust’s stock valued at $18,553,000 after acquiring an additional 562,286 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Sunstone Hotel Investors by 5.1% in the 1st quarter. Legal & General Group Plc now owns 1,454,272 shares of the real estate investment trust’s stock valued at $12,667,000 after acquiring an additional 70,890 shares during the last quarter.

Shares of Sunstone Hotel Investors stock traded up $0.22 during trading on Tuesday, hitting $8.16. 5,403,300 shares of the stock traded hands, compared to its average volume of 4,046,422. The firm has a market cap of $1.71 billion, a P/E ratio of -30.22 and a beta of 1.09. The company has a current ratio of 5.04, a quick ratio of 5.04 and a debt-to-equity ratio of 0.58. Sunstone Hotel Investors has a 52-week low of $5.75 and a 52-week high of $14.47. The stock’s fifty day simple moving average is $8.76 and its 200 day simple moving average is $10.65.

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 EstateĀ®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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