Sunstone Hotel Investors (SHO) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Sunstone Hotel Investors (NYSE:SHO) posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02, Briefing.com reports. Sunstone Hotel Investors had a net margin of 20.15% and a return on equity of 9.13%. The firm had revenue of $257.68 million during the quarter, compared to the consensus estimate of $256.64 million. During the same quarter in the previous year, the firm posted $0.20 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. Sunstone Hotel Investors updated its Q2 guidance to $0.32 to $0.34 EPS.

NYSE SHO traded down $0.12 on Thursday, hitting $13.46. The company’s stock had a trading volume of 1,222,900 shares, compared to its average volume of 2,237,242. The company has a debt-to-equity ratio of 0.42, a quick ratio of 7.05 and a current ratio of 7.05. Sunstone Hotel Investors has a 1-year low of $12.70 and a 1-year high of $17.60. The stock has a market cap of $3.15 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Thursday, June 27th. Sunstone Hotel Investors’s dividend payout ratio is 17.09%.

Separately, Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Six investment analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $16.80.

Hedge funds and other institutional investors have recently made changes to their positions in the business. PGGM Investments increased its position in Sunstone Hotel Investors by 124.8% in the 4th quarter. PGGM Investments now owns 11,977,005 shares of the real estate investment trust’s stock valued at $155,821,000 after acquiring an additional 6,650,000 shares during the period. BNP Paribas Arbitrage SA increased its position in Sunstone Hotel Investors by 52.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 185,140 shares of the real estate investment trust’s stock valued at $2,666,000 after acquiring an additional 63,743 shares during the period. Elliott Management Corp acquired a new position in Sunstone Hotel Investors in the 4th quarter valued at approximately $19,106,000. Teachers Advisors LLC increased its position in Sunstone Hotel Investors by 0.7% in the 3rd quarter. Teachers Advisors LLC now owns 2,383,592 shares of the real estate investment trust’s stock valued at $38,996,000 after acquiring an additional 17,224 shares during the period. Finally, Marshall Wace LLP acquired a new position in Sunstone Hotel Investors in the 3rd quarter valued at approximately $358,000.

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Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate 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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Earnings History for Sunstone Hotel Investors (NYSE:SHO)

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