Brokerages predict that Sunstone Hotel Investors, Inc. (NYSE: SHO – Get a rating) will report $152.71 million in sales for the current fiscal quarter, Zacks reports. Five analysts have released earnings estimates for Sunstone Hotel Investors, with estimates ranging from $147.98 million to $160.58 million. Sunstone Hotel Investors reported sales of $50.63 million in the same quarter last year, suggesting a positive year-over-year growth rate of 201.6%. The company is expected to release its next results after the market closes on Monday, January 1.
On average, analysts expect Sunstone Hotel Investors to report annual revenue of $819.42 million for the current fiscal year, with estimates ranging from $754.00 to $952.06 million . For the next fiscal year, analysts expect the company to post sales of $932.41 million, with estimates ranging from $847.00 million to $1.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that provide coverage to Sunstone Hotel investors.
Sunstone Hotel Investors (NYSE: SHO – Get a rating) last released its quarterly results on Tuesday, February 22. The real estate investment trust reported earnings per share of $0.61 for the quarter, beating the consensus estimate of $0.11 by $0.50. The company posted revenue of $173.89 million in the quarter, compared to $177.06 million expected by analysts. Sunstone Hotel Investors posted a net margin of 6.08% and a return on equity of 1.66%.
SHO has been the subject of several research reports. Morgan Stanley downgraded Sunstone Hotel Investors shares from a ‘weighted’ to an ‘overweight’ rating and raised its price target for the stock from $13.00 to $14.00 in a research note Tuesday, January 18. Barclays cut Sunstone Hotel Investors shares from an ‘overweight’ to an ‘underweight’ rating and lowered its price target for the stock from $15.00 to $11.00 in a research note Tuesday, March 1. Evercore ISI upgraded Sunstone Hotel Investors shares from an “in-line” rating to an “outperforming” rating in a Tuesday, March 1 research rating. Bank of America downgraded Sunstone Hotel Investors from a “buy” rating to an “underperform” rating and cut its price target for the business from $14.00 to $12.00 in a Monday 10 report. january. To finish, StockNews.com began covering Sunstone Hotel Investors in a report on Thursday, March 31. They issued a “sell” rating for the company. Three equity research analysts have assigned the stock a sell rating, three have issued a hold rating and three have assigned the stock a buy rating. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $12.71.
A number of institutional investors have recently changed their positions in the company. FourThought Financial LLC increased its stake in Sunstone Hotel Investors by 19.4% in Q1. FourThought Financial LLC now owns 7,553 shares of the real estate investment trust worth $89,000 after purchasing an additional 1,226 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Sunstone Hotel Investors by 1.5% in the 1st quarter. Daiwa Securities Group Inc. now owns 65,408 shares of the real estate investment trust worth $771,000 after purchasing an additional 968 shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Sunstone Hotel Investors by 153.3% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 116,679 shares of the real estate investment trust worth $1,401,000 after buying an additional 70,622 shares in the last quarter. Peregrine Capital Management LLC increased its stake in Sunstone Hotel Investors by 11.7% in Q1. Peregrine Capital Management LLC now owns 1,068,948 shares of the real estate investment trust worth $12,592,000 after purchasing an additional 111,705 shares in the last quarter. Finally, Dupont Capital Management Corp increased its stake in Sunstone Hotel Investors by 53.5% in the 1st quarter. Dupont Capital Management Corp now owns 66,026 shares of the real estate investment trust worth $778,000 after buying an additional 23,005 shares in the last quarter. 93.41% of the shares are held by institutional investors and hedge funds.
Shares of SHO opened at $12.25 on Friday. The stock has a market capitalization of $2.69 billion, a P/E ratio of 204.17 and a beta of 1.30. Sunstone Hotel Investors has a 12-month low of $9.93 and a 12-month high of $13.91. The company has a 50-day moving average of $11.46 and a 200-day moving average of $11.65. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt ratio of 0.30.
Sunstone Hotel Investors Company Profile (Get a rating)
Sunstone Hotel Investors, Inc. is a real estate investment trust (“REIT”) which, as of the date of this release, holds interests in 19 hotels comprising 9,997 rooms. Sunstone’s business is to acquire, own, manage assets and renovate or reposition hotels that are considered Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
Receive daily investor news and reviews from Sunstone Hotel – Enter your email address below to receive a concise daily summary of breaking news and analyst notes for Sunstone Hotel Investors and related companies with MarketBeat.com’s free daily email newsletter.