Sunstone Hotel Investors (SHO) Scheduled to Post Quarterly Earnings on Monday

Sunstone Hotel Investors (NYSE:SHO) will announce its earnings results before the market opens on Monday, May 6th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Sunstone Hotel Investors has set its FY 2024 guidance at 0.780-0.900 EPS and its FY24 guidance at $0.78-0.90 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.44. The company had revenue of $219.20 million for the quarter, compared to the consensus estimate of $192.56 million. Sunstone Hotel Investors had a net margin of 20.95% and a return on equity of 11.32%. Sunstone Hotel Investors’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 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 1.4 %

NYSE SHO opened at $10.19 on Friday. The company has a market capitalization of $2.08 billion, a PE ratio of 10.96, a P/E/G ratio of 3.93 and a beta of 1.22. The company has a fifty day moving average of $10.84 and a 200 day moving average of $10.51. The company has a debt-to-equity ratio of 0.43, a current ratio of 7.03 and a quick ratio of 7.03. Sunstone Hotel Investors has a 1 year low of $8.61 and a 1 year high of $11.59.

Sunstone Hotel Investors Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend was Wednesday, March 27th. Sunstone Hotel Investors’s payout ratio is presently 27.96%.

Analysts Set New Price Targets

Several brokerages have commented on SHO. Truist Financial raised their price objective on Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a report on Thursday, March 14th. StockNews.com raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $10.00.

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.