Sunstone Hotel Investors (SHO) Issues FY18 Earnings Guidance

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Sunstone Hotel Investors (NYSE:SHO) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $1.13-1.15 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.12. Sunstone Hotel Investors also updated its Q4 2018 guidance to $0.26-0.28 EPS.

NYSE:SHO traded up $0.15 on Wednesday, hitting $14.77. The stock had a trading volume of 317,946 shares, compared to its average volume of 1,921,465. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.61 and a current ratio of 5.62. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 2.78 and a beta of 1.09. Sunstone Hotel Investors has a 1 year low of $13.67 and a 1 year high of $17.60.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Monday, November 5th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.10. Sunstone Hotel Investors had a net margin of 10.08% and a return on equity of 4.26%. The firm had revenue of $289.30 million during the quarter, compared to the consensus estimate of $291.19 million. During the same period in the prior year, the firm earned $0.31 EPS. The company’s revenue was down 4.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Sunstone Hotel Investors will post 1.12 earnings per share for the current year.

A number of research analysts have recently weighed in on SHO shares. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a buy rating to a hold rating in a research report on Wednesday, July 18th. Deutsche Bank set a $16.00 target price on shares of Sunstone Hotel Investors and gave the company a hold rating in a research report on Tuesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $16.83.

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About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of July 30, 2018 has interests in 24 hotels comprised of 12,046 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 and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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