Sunstone Hotel Investors (SHO) to Release Earnings on Tuesday

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) is set to release its earnings data 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.Individual that wish to register for the company's earnings conference call can do so using this link.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.16). The firm had revenue of $247.50 million during the quarter, compared to analyst estimates 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 quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the prior year, the business 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 Stock Up 1.8 %

Shares of SHO traded up $0.18 during mid-day trading on Tuesday, hitting $10.40. 1,912,355 shares of the company's stock were exchanged, compared to its average volume of 1,998,856. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.75 and a quick ratio of 3.75. Sunstone Hotel Investors has a 52 week low of $9.30 and a 52 week high of $11.59. The company has a market cap of $2.11 billion, a PE ratio of 12.46, a P/E/G ratio of 5.89 and a beta of 1.25. The company has a 50-day simple moving average of $10.28 and a 200 day simple moving average of $10.24.

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 $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date was Monday, September 30th. Sunstone Hotel Investors's dividend payout ratio (DPR) is currently 39.02%.

Wall Street Analysts Forecast Growth

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