Sunstone Hotel Investors (NYSE:SHO) Releases FY 2024 Earnings Guidance

Sunstone Hotel Investors (NYSE:SHO) updated its FY 2024 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of 0.750-0.800 for the period, compared to the consensus estimate of 0.850. The company issued revenue guidance of -.

Sunstone Hotel Investors Stock Performance

Shares of NYSE:SHO opened at $10.75 on Friday. The business has a 50-day moving average of $10.39 and a two-hundred day moving average of $10.26. The firm has a market capitalization of $2.16 billion, a PE ratio of 14.14, a P/E/G ratio of 5.69 and a beta of 1.25. Sunstone Hotel Investors has a 12 month low of $9.39 and a 12 month high of $11.59. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The business had revenue of $226.40 million for the quarter, compared to analysts’ expectations of $224.61 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. Sunstone Hotel Investors’s quarterly revenue was down 8.6% compared to the same quarter last year. As a group, research analysts forecast that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.35%. Sunstone Hotel Investors’s dividend payout ratio is currently 42.11%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on SHO shares. Wells Fargo & Company raised shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 target price for the company in a research report on Friday, September 13th. StockNews.com downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.42.

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.