Sunstone Hotel Investors, Inc. (NYSE:SHO) Expected to Post Quarterly Sales of $211.89 Million

Analysts expect Sunstone Hotel Investors, Inc. (NYSE:SHO – Get Rating) to post sales of $211.89 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Sunstone Hotel Investors’ earnings, with estimates ranging from $193.00 million to $241.50 million. Sunstone Hotel Investors posted sales of $117.21 million in the same quarter last year, which suggests a positive year-over-year growth rate of 80.8%. The firm is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Sunstone Hotel Investors will report full year sales of $814.18 million for the current financial year, with estimates ranging from $754.00 million to $904.54 million. For the next year, analysts anticipate that the company will post sales of $926.41 million, with estimates ranging from $847.00 million to $1.13 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO – Get Rating) last released its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $172.30 million for the quarter, compared to analyst estimates of $157.67 million. Sunstone Hotel Investors had a net margin of 15.57% and a return on equity of 5.20%. Sunstone Hotel Investors’s revenue for the quarter was up 240.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.13) earnings per share.

A number of brokerages have recently issued reports on SHO. Evercore ISI upgraded shares of Sunstone Hotel Investors from an “in-line” rating to an “outperform” rating in a research note on Tuesday, March 1st. Barclays cut shares of Sunstone Hotel Investors from an “overweight” rating to an “underweight” rating and dropped their target price for the stock from $15.00 to $11.00 in a research report on Tuesday, March 1st. Finally, StockNews.com upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Monday, May 9th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $12.71.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Virtu Financial LLC boosted its stake in shares of Sunstone Hotel Investors by 64.5% in the 1st quarter. Virtu Financial LLC now owns 31,043 shares of the real estate investment trust’s stock valued at $366,000 after purchasing an additional 12,168 shares during the last quarter. Jane Street Group LLC boosted its stake in Sunstone Hotel Investors by 97.8% during the 1st quarter. Jane Street Group LLC now owns 44,459 shares of the real estate investment trust’s stock worth $524,000 after acquiring an additional 21,979 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. bought a new position in Sunstone Hotel Investors during the 1st quarter worth approximately $450,000. Point72 Hong Kong Ltd bought a new position in Sunstone Hotel Investors during the 1st quarter worth approximately $91,000. Finally, Rush Island Management LP boosted its stake in Sunstone Hotel Investors by 48.4% during the 1st quarter. Rush Island Management LP now owns 5,521,125 shares of the real estate investment trust’s stock worth $65,039,000 after acquiring an additional 1,799,644 shares during the last quarter.

NYSE:SHO opened at $11.54 on Friday. Sunstone Hotel Investors has a one year low of $9.93 and a one year high of $13.91. The stock has a market cap of $2.48 billion, a P/E ratio of 31.19 and a beta of 1.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.23 and a quick ratio of 1.23. The company has a fifty day moving average price of $11.73 and a 200 day moving average price of $11.58.

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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