Sunstone Hotel Investors (SHO) to Release Earnings on Tuesday

Sunstone Hotel Investors (NYSE:SHO) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, November 12th. Analysts expect the company to announce 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 that are interested in registering for the company’s earnings conference call can do so using this link.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results 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). Sunstone Hotel Investors had a net margin of 19.51% and a return on equity of 9.75%. The company had revenue of $247.50 million during the quarter, compared to the consensus estimate of $248.12 million. During the same quarter last year, the firm posted $0.33 EPS. The company’s quarterly revenue was down 10.4% on a year-over-year basis. 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 %

NYSE SHO opened at $10.22 on Tuesday. The stock has a market capitalization of $2.08 billion, a P/E ratio of 12.46, a P/E/G ratio of 5.87 and a beta of 1.25. Sunstone Hotel Investors has a one year low of $9.30 and a one year high of $11.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.75 and a quick ratio of 3.75. The business has a 50 day simple moving average of $10.28 and a 200 day simple moving average of $10.24.

Sunstone Hotel Investors Announces Dividend

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

Analyst Upgrades and Downgrades

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

About Sunstone Hotel Investors

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.