Sunstone Hotel Investors, Inc. (NYSE:SHO) – Analysts at Boenning Scattergood dropped their Q3 2017 earnings per share estimates for shares of Sunstone Hotel Investors in a research note issued to investors on Thursday. Boenning Scattergood analyst F. Van. Dijkum now anticipates that the real estate investment trust will earn $0.30 per share for the quarter, down from their prior estimate of $0.31. Boenning Scattergood currently has a “Neutral” rating on the stock. Boenning Scattergood also issued estimates for Sunstone Hotel Investors’ FY2018 earnings at $1.21 EPS.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Sunstone Hotel Investors had a return on equity of 7.70% and a net margin of 15.41%. The company had revenue of $318.80 million for the quarter, compared to analyst estimates of $316.96 million. During the same period in the previous year, the company posted $0.39 EPS. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year.

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Several other equities research analysts have also recently issued reports on SHO. Canaccord Genuity reaffirmed a “buy” rating and issued a $17.00 target price on shares of Sunstone Hotel Investors in a report on Wednesday, May 3rd. Zacks Investment Research cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday, May 4th. FBR & Co lifted their target price on Sunstone Hotel Investors from $15.00 to $16.00 and gave the stock a “mkt perform” rating in a report on Thursday, May 4th. Robert W. Baird reaffirmed a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Sunstone Hotel Investors in a report on Friday, June 16th. Finally, BidaskClub cut Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Sunstone Hotel Investors presently has an average rating of “Hold” and a consensus price target of $15.64.

Shares of Sunstone Hotel Investors (SHO) opened at 15.90 on Monday. Sunstone Hotel Investors has a 1-year low of $12.14 and a 1-year high of $16.86. The company’s 50 day moving average price is $16.27 and its 200-day moving average price is $15.49. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 20.62 and a beta of 1.17.

Large investors have recently modified their holdings of the company. Teachers Advisors LLC boosted its stake in shares of Sunstone Hotel Investors by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 2,185,012 shares of the real estate investment trust’s stock valued at $33,321,000 after buying an additional 36,966 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Sunstone Hotel Investors by 1,404.7% in the first quarter. Bank of Montreal Can now owns 429,333 shares of the real estate investment trust’s stock valued at $6,581,000 after buying an additional 400,800 shares during the last quarter. Quotient Investors LLC bought a new stake in shares of Sunstone Hotel Investors during the first quarter valued at $492,000. State of Alaska Department of Revenue boosted its stake in shares of Sunstone Hotel Investors by 30.2% in the first quarter. State of Alaska Department of Revenue now owns 109,734 shares of the real estate investment trust’s stock valued at $1,681,000 after buying an additional 25,450 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Sunstone Hotel Investors by 19.9% in the first quarter. ProShare Advisors LLC now owns 110,818 shares of the real estate investment trust’s stock valued at $1,311,000 after buying an additional 18,372 shares during the last quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.20 annualized dividend and a yield of 1.26%. Sunstone Hotel Investors’s payout ratio is currently 25.64%.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

Earnings History and Estimates for Sunstone Hotel Investors (NYSE:SHO)

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