Sunstone Hotel Investors (SHO) Set to Announce Quarterly Earnings on Monday

Sunstone Hotel Investors (NYSE:SHO) is scheduled to release its earnings data before the market opens on Monday, May 6th. Analysts expect Sunstone Hotel Investors to post 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

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

NYSE SHO opened at $10.30 on Monday. Sunstone Hotel Investors has a 1-year low of $8.61 and a 1-year high of $11.59. The business’s fifty day moving average price is $10.93 and its 200-day moving average price is $10.49. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 4.03 and a beta of 1.21. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 2.72%. Sunstone Hotel Investors’s payout ratio is presently 27.96%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Truist Financial lifted their price target on Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average 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.