$154.74 Million in Sales Expected for Sunstone Hotel Investors, Inc. (NYSE:SHO) This Quarter

Equities analysts expect Sunstone Hotel Investors, Inc. (NYSE:SHOGet Rating) to report sales of $154.74 million for the current quarter, according to Zacks. Five analysts have made estimates for Sunstone Hotel Investors’ earnings, with the highest sales estimate coming in at $174.33 million and the lowest estimate coming in at $135.00 million. Sunstone Hotel Investors reported sales of $50.63 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 205.6%. The firm is expected to issue its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Sunstone Hotel Investors will report full year sales of $835.47 million for the current fiscal year, with estimates ranging from $770.00 million to $952.06 million. For the next year, analysts expect that the firm will post sales of $944.38 million, with estimates ranging from $862.00 million to $1.05 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHOGet Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.50. Sunstone Hotel Investors had a return on equity of 1.66% and a net margin of 6.08%. The company had revenue of $173.89 million for the quarter, compared to analyst estimates of $177.06 million.

Several equities research analysts have issued reports on the company. Bank of America downgraded Sunstone Hotel Investors from a “buy” rating to an “underperform” rating and lowered their price target for the stock from $14.00 to $12.00 in a report on Monday, January 10th. StockNews.com initiated coverage on Sunstone Hotel Investors in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Barclays cut Sunstone Hotel Investors from an “overweight” rating to an “underweight” rating and cut their price objective for the company from $15.00 to $11.00 in a research report on Tuesday, March 1st. Evercore ISI raised Sunstone Hotel Investors from an “in-line” rating to an “outperform” rating in a report on Tuesday, March 1st. Finally, Morgan Stanley raised Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $13.00 to $14.00 in a report on Tuesday, January 18th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $12.71.

NYSE:SHO traded up $0.97 during mid-day trading on Friday, hitting $11.87. The company had a trading volume of 330,707 shares, compared to its average volume of 3,988,509. Sunstone Hotel Investors has a fifty-two week low of $9.93 and a fifty-two week high of $13.91. The business’s fifty day moving average is $11.32 and its two-hundred day moving average is $11.66. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $2.61 billion, a P/E ratio of 197.00 and a beta of 1.30.

Several institutional investors and hedge funds have recently modified their holdings of SHO. Metropolitan Life Insurance Co NY grew its position in Sunstone Hotel Investors by 1.4% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 70,118 shares of the real estate investment trust’s stock worth $837,000 after acquiring an additional 958 shares during the last quarter. GSA Capital Partners LLP grew its position in Sunstone Hotel Investors by 2.2% during the 3rd quarter. GSA Capital Partners LLP now owns 53,973 shares of the real estate investment trust’s stock worth $644,000 after acquiring an additional 1,175 shares during the last quarter. Van ECK Associates Corp grew its position in Sunstone Hotel Investors by 17.1% during the 3rd quarter. Van ECK Associates Corp now owns 10,152 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 1,483 shares during the last quarter. FourThought Financial LLC lifted its holdings in Sunstone Hotel Investors by 34.1% during the 4th quarter. FourThought Financial LLC now owns 6,327 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 1,610 shares during the period. Finally, Pictet Asset Management SA lifted its holdings in Sunstone Hotel Investors by 2.1% during the 4th quarter. Pictet Asset Management SA now owns 84,338 shares of the real estate investment trust’s stock worth $989,000 after buying an additional 1,747 shares during the period. Institutional investors own 93.41% of the company’s stock.

About Sunstone Hotel Investors (Get Rating)

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone's business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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