$ 0.11 expected EPS for Sunstone Hotel Investors, Inc. (NYSE: SHO) this quarter
Brokerages forecast Sunstone Hotel Investors, Inc. (NYSE: SHO) to post earnings of $ 0.11 per share for the current quarter, Zacks investment research reports. Five analysts have estimated Sunstone Hotel Investors earnings. The highest EPS estimate is $ 0.17 and the lowest is $ 0.08. Sunstone Hotel Investors reported earnings of ($ 0.16) per share for the same quarter last year, suggesting a positive year-over-year growth rate of 168.8%. The company is expected to release its next results on Thursday, February 10.
According to Zacks, analysts expect Sunstone Hotel Investors to report annual earnings of $ 0.06 per share for the current fiscal year, with EPS estimates ranging from $ 0.02 to $ 0.13. For the next fiscal year, analysts predict the company will report earnings of $ 0.75 per share, with EPS estimates ranging from $ 0.58 to $ 0.84. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts who provide coverage to Sunstone Hotel investors.
Sunstone Hotel Investors (NYSE: SHO) last reported its quarterly results on Thursday, November 4. The REIT reported ($ 0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $ 0.08 from ($ 0.21). The company posted revenue of $ 167.42 million in the quarter, compared to analysts’ expectations of $ 158.88 million. Sunstone Hotel Investors recorded a negative return on equity of 7.65% and a negative net margin of 38.03%. The company’s revenue grew 479.1% year-over-year. During the same period of the previous year, the company posted ($ 0.26) earnings per share.
A number of equity research analysts have recently weighed in on SHO stocks. Truist Securities raised its price target for Sunstone Hotel Investors from $ 11.00 to $ 12.00 and gave the stock a “conservation” rating in a research note on Friday. TheStreet downgraded Sunstone Hotel Investors from a âd +â rating to a âcâ rating in a Tuesday, November 9th research note. Truist raised its price target on Sunstone Hotel Investors from $ 11.00 to $ 12.00 and gave the stock a “conservation” rating in a research note on Friday. Zacks investment research upgraded Sunstone Hotel Investors from a âcustodyâ rating to a âbuyâ rating and set a price target of $ 14.00 for the company in a research note on Friday, October 22. Finally, Wells Fargo & Company raised its price target for Sunstone Hotel Investors from $ 11.50 to $ 13.00 and gave the stock an “equal weight” rating in a research note on Monday, October 18. Five analysts rated the stock with a conservation rating and one gave the company a buy rating. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $ 12.50.
SHO shares traded down $ 0.02 during Friday’s midday session, reaching $ 10.99. 2,925,431 shares of the title were exchanged, for an average volume of 2,227,972. Sunstone Hotel Investors has a 12 month low of $ 10.14 and a 12 month high of $ 13.91. The company has a 50-day simple moving average of $ 12.20 and a 200-day simple moving average of $ 12.09. The company has a quick ratio of 1.28, a current ratio of 1.28, and a debt ratio of 0.37. The company has a market cap of $ 2.41 billion, a price-to-earnings ratio of -14.85 and a beta of 1.29.
Hedge funds recently changed their holdings of stocks. Penserra Capital Management LLC acquired a new stake in Sunstone Hotel Investors in the second quarter for a value of approximately $ 47,000. FourThought Financial LLC increased its stake in Sunstone Hotel Investors by 203.7% in the 3rd quarter. FourThought Financial LLC now owns 4,717 real estate investment trust shares valued at $ 56,000 after purchasing an additional 3,164 shares in the last quarter. Heritage Wealth Management LLC acquired a new stake in Sunstone Hotel Investors in the third quarter, valued at approximately $ 81,000. US Bancorp DE increased its stake in Sunstone Hotel Investors by 583.7% in the 3rd quarter. US Bancorp DE now owns 9,839 real estate investment trust shares valued at $ 118,000 after purchasing an additional 8,400 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Sunstone Hotel Investors by 17.1% in the 3rd quarter. Van ECK Associates Corp now owns 10,152 real estate investment trust shares valued at $ 121,000 after purchasing an additional 1,483 shares in the last quarter. 97.99% of the shares are currently held by institutional investors and hedge funds.
Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc is a real estate investment trust engaged in the acquisition, ownership, asset management and renovation of hotels and resorts. It operates under the following brands: Marriott, Hilton and Hyatt. The company was founded by Robert A. Alter in 1995 and is headquartered in Irvine, California.
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