Sunstone Hotel Investors (SHO) to Release Quarterly Earnings on Tuesday

Sunstone Hotel Investors (NYSE:SHO) will be posting its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect Sunstone Hotel Investors to post earnings of $0.21 per share for the quarter. Sunstone Hotel Investors has set its FY24 guidance at $0.85-$0.90 EPS and its FY 2024 guidance at 0.850-0.900 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The firm had revenue of $247.50 million for the quarter, compared to analysts’ expectations of $248.12 million. Sunstone Hotel Investors had a net margin of 19.51% and a return on equity of 9.75%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS. On average, analysts expect Sunstone Hotel Investors to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Sunstone Hotel Investors Trading Up 0.9 %

Shares of NYSE:SHO opened at $10.22 on Tuesday. The stock’s 50-day simple moving average is $10.28 and its two-hundred day simple moving average is $10.24. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 5.87 and a beta of 1.25. Sunstone Hotel Investors has a 52-week low of $9.30 and a 52-week high of $11.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.75 and a current ratio of 3.75.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.09 per share. The ex-dividend date was Monday, September 30th. This represents a $0.36 annualized dividend and a yield of 3.52%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 39.02%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Wells Fargo & Company raised Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 target price on the stock in a report on Friday, September 13th. StockNews.com lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Wolfe Research raised shares of Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price target on the stock in a report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus target price of $11.42.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.