$182.22 million in sales expected for Sunstone Hotel Investors, Inc. (NYSE:SHO) this quarter
Stock analysts expect Sunstone Hotel Investors, Inc. (NYSE:SHO) to report revenue of $182.22 million for the current quarter, Zacks reports. Five analysts have made earnings estimates for Sunstone Hotel Investors, with the highest sales estimate at $218.00 million and the lowest estimate at $152.70 million. Sunstone Hotel Investors recorded sales of $37.36 million in the same quarter last year, indicating a positive year-over-year growth rate of 387.7%. The company is expected to release its next quarterly earnings report on Thursday, February 10.
On average, analysts expect Sunstone Hotel Investors to report annual revenue of $515.61 million for the current fiscal year, with estimates ranging from $487.90 million to $553.00 millions of dollars. For next year, analysts expect the company to report sales of $851.97 million, with estimates ranging from $712.11 million to $977.00 million. Zacks Investment Research sales averages are an average average based on a survey of analysts who follow Sunstone Hotel Investors.
Sunstone Hotel Investors (NYSE:SHO) last released quarterly earnings data on Thursday, November 4. The real estate investment trust reported ($0.13) earnings per share for the quarter, missing the consensus estimate of $0.08 per ($0.21). The company posted revenue of $167.42 million for the quarter, versus analyst estimates of $158.88 million. Sunstone Hotel Investors had a negative return on equity of 7.65% and a negative net margin of 38.03%. The company’s quarterly revenue increased 479.1% year over year. During the same period of the previous year, the company made ($0.26) earnings per share.
SHO has been the subject of several recent research reports. Wells Fargo & Company raised its price target on Sunstone Hotel Investors from $11.50 to $13.00 and gave the company an “equal weight” rating in a Monday, October 18 research report. Bank of America has downgraded Sunstone Hotel Investors from a ‘buy’ to an ‘underperform’ rating and cut its price target for the company from $14.00 to $12.00 in a research report Monday, January 10. Citigroup cut its price target on Sunstone Hotel Investors from $14.00 to $13.00 and set a “neutral” rating for the company in a Wednesday, October 6 research report. Truist Securities raised its target price on Sunstone Hotel Investors from $11.00 to $12.00 and gave the stock a “holding” rating in a Friday, Dec. 3 research note. Finally, TheStreet upgraded Sunstone Hotel Investors from a “d+” rating to a “c” rating in a Tuesday, November 9 research note. One equity research analyst has assigned the stock a sell rating, five have assigned a hold rating and one has assigned the company’s stock a buy rating. Based on MarketBeat data, Sunstone Hotel Investors currently has an average rating of “Hold” and an average target price of $12.57.
SHO Stock opened at $11.82 on Monday. The company has a debt ratio of 0.37, a current ratio of 1.28 and a quick ratio of 1.28. The stock has a market capitalization of $2.59 billion, a P/E ratio of -15.97 and a beta of 1.29. The company has a 50-day moving average of $11.68 and a 200-day moving average of $11.81. Sunstone Hotel Investors has a fifty-two week low of $10.14 and a fifty-two week high of $13.91.
In other news, CEO Douglas M. Pasquale purchased 9,000 shares of Sunstone Hotel Investors in a trade that took place on Wednesday, December 15. The shares were acquired at an average price of $10.63 per share, for a total transaction of $95,670.00. The transaction was disclosed in an SEC filing, available at this link. Insiders of the company own 1.49% of the shares of the company.
A number of institutional investors have recently changed their stake in the company. Colony Group LLC increased its position in Sunstone Hotel Investors by 0.5% in the second quarter. Colony Group LLC now owns 198,785 shares of the real estate investment trust valued at $2,469,000 after purchasing an additional 940 shares last quarter. Metropolitan Life Insurance Co NY increased its position in Sunstone Hotel Investors by 1.4% in the third quarter. Metropolitan Life Insurance Co NY now owns 70,118 shares of the real estate investment trust valued at $837,000 after buying 958 additional shares last quarter. GSA Capital Partners LLP increased its position in Sunstone Hotel Investors by 2.2% in the third quarter. GSA Capital Partners LLP now owns 53,973 shares of the real estate investment trust worth $644,000 after buying an additional 1,175 shares last quarter. Van ECK Associates Corp increased its position in Sunstone Hotel Investors by 17.1% in the third quarter. Van ECK Associates Corp now owns 10,152 shares of the real estate investment trust worth $121,000 after buying 1,483 additional shares in the last quarter. Finally, FourThought Financial LLC increased its position in Sunstone Hotel Investors by 34.1% in the fourth quarter. FourThought Financial LLC now owns 6,327 shares of the real estate investment trust worth $74,000 after purchasing an additional 1,610 shares in the last quarter. Hedge funds and other institutional investors hold 96.41% of the company’s shares.
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 based in Irvine, California.
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