Sunstone Hotel Investors, Inc. (NYSE:SHO) Expected to Post Quarterly Sales of $154.74 Million

Stock analysts expect Sunstone Hotel Investors, Inc. (NYSE:SHO – Get Rating) to report revenue of $154.74 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates of Sunstone Hotel Investors earnings, with the highest sales estimate of $174.33 million and the lowest estimate of $135.00 million. Sunstone Hotel Investors reported sales of $50.63 million in the same quarter last year, indicating a positive year-over-year growth rate of 205.6%. The company is expected to release its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect Sunstone Hotel Investors to report annual revenue of $835.47 million for the current fiscal year, with estimates ranging from $770.00 to $952.06 million. . For the next fiscal year, analysts expect the company to report sales of $944.38 million, with estimates ranging from $862.00 million to $1.05 billion. Zacks Investment Research sales averages are an average average based on a survey of sell-side research analysts who provide coverage for Sunstone Hotel Investors.

Sunstone Hotel Investors (NYSE:SHO – Get Rating) last released its results on Tuesday, February 22. The real estate investment trust reported earnings per share of $0.61 for the quarter, beating Thomson Reuters consensus estimate of $0.11 by $0.50. The company posted revenue of $173.89 million in the quarter, versus a consensus estimate of $177.06 million. Sunstone Hotel Investors achieved a return on equity of 1.66% and a net margin of 6.08%.

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SHO has been the subject of several research reports. Morgan Stanley upgraded Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and raised its price target for the company from $13.00 to $14.00 in a Tuesday, January 18 research note . Bank of America downgraded Sunstone Hotel Investors from a ‘buy’ to an ‘underperform’ rating and cut its price target for the business from $14.00 to $12.00 in a research note Monday, January 10. StockNews.com launched coverage on Sunstone Hotel Investors in a research report on Thursday, March 31. They put a “sell” mark on the stock. Barclays downgraded Sunstone Hotel Investors from an ‘overweight’ to an ‘underweight’ rating and lowered its price target for the stock from $15.00 to $11.00 in a Tuesday research report 1st of March. Finally, Evercore ISI upgraded Sunstone Hotel Investors from an “in-line” rating to an “outperforming” rating in a research report on Tuesday, March 1. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating for the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $12.71.

Shares of SHO opened at $11.03 on Friday. The company has a market capitalization of $2.42 billion, a P/E ratio of 183.83 and a beta of 1.30. Sunstone Hotel Investors has a one-year low of $9.93 and a one-year high of $13.91. The company has a debt ratio of 0.30, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a 50-day moving average price of $11.34 and a 200-day moving average price of $11.69.

Institutional investors and hedge funds have recently been buying and selling stocks. Allianz Asset Management GmbH increased its position in Sunstone Hotel Investors by 56.8% in the third quarter. Allianz Asset Management GmbH now owns 634,476 shares of the real estate investment trust valued at $7,576,000 after acquiring an additional 229,844 shares during the period. Ziegler Capital Management LLC increased its position in Sunstone Hotel Investors by 184.9% in Q3. Ziegler Capital Management LLC now owns 1,175,245 shares of the real estate investment trust valued at $14,032,000 after acquiring an additional 762,682 shares during the period. William Blair Investment Management LLC increased its position in Sunstone Hotel Investors by 125.4% in Q3. William Blair Investment Management LLC now owns 2,784,278 shares of the real estate investment trust valued at $33,244,000 after acquiring an additional 1,548,813 shares during the period. State of New Jersey Common Pension Fund D increased its position in Sunstone Hotel Investors by 14.4% in Q3. New Jersey State Joint Pension Fund D now owns 389,520 shares of the real estate investment trust worth $4,650,000 after acquiring an additional 49,037 shares during the period. Finally, Davis Selected Advisers strengthened its position in Sunstone Hotel Investors by 42.8% in the third quarter. Davis Selected Advisers now owns 1,205,990 shares of the real estate investment trust valued at $14,400,000 after acquiring an additional 361,290 shares during the period. Hedge funds and other institutional investors hold 93.41% of the company’s shares.

About Sunstone Hotel Investors (Get an evaluation)

Sunstone Hotel Investors, Inc. is a real estate investment trust (“REIT”) which, as of the date of this release, holds interests in 19 hotels comprising 9,997 rooms. Sunstone’s business is to acquire, own, manage assets and renovate or reposition hotels that are considered 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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