Sunstone Hotel Investors (NYSE:SHO) Issues Quarterly Earnings Results

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03, Zacks reports. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business had revenue of $234.07 million for the quarter, compared to analyst estimates of $243.34 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Sunstone Hotel Investors's quarterly revenue was up 7.8% on a year-over-year basis. Sunstone Hotel Investors updated its FY 2025 guidance to 0.820-0.940 EPS.

Sunstone Hotel Investors Stock Performance

NYSE:SHO traded up $0.25 on Friday, hitting $8.62. The company's stock had a trading volume of 5,443,633 shares, compared to its average volume of 2,368,271. The firm has a market capitalization of $1.71 billion, a P/E ratio of 11.34, a price-to-earnings-growth ratio of 4.52 and a beta of 1.25. The stock has a fifty day moving average of $8.94 and a two-hundred day moving average of $10.44. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors has a one year low of $7.45 and a one year high of $12.41.

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Monday, June 30th. Sunstone Hotel Investors's payout ratio is presently 360.00%.

Analyst Ratings Changes

SHO has been the subject of several research reports. Truist Financial lowered their price objective on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a research report on Friday, March 21st. Evercore ISI reduced their price target on shares of Sunstone Hotel Investors from $12.00 to $10.00 and set an "in-line" rating for the company in a research report on Monday, April 28th. Morgan Stanley decreased their price target on shares of Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Bank of America upgraded Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price objective for the company in a research report on Wednesday, April 30th. Finally, Wells Fargo & Company cut their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sunstone Hotel Investors has a consensus rating of "Hold" and an average price target of $10.25.

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.