Sunstone Hotel Investors, Inc. (NYSE:SHO) – Equities researchers at Boenning Scattergood decreased their FY2017 EPS estimates for Sunstone Hotel Investors in a research report issued to clients and investors on Wednesday. Boenning Scattergood analyst F. Van. Dijkum now expects that the real estate investment trust will earn $1.19 per share for the year, down from their previous estimate of $1.20. Boenning Scattergood has a “Hold” rating on the stock. Boenning Scattergood also issued estimates for Sunstone Hotel Investors’ Q4 2017 earnings at $0.25 EPS and Q4 2018 earnings at $0.27 EPS.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.18. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.26%. The firm had revenue of $303.91 million during the quarter, compared to analyst estimates of $299.90 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue was up .2% on a year-over-year basis.

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SHO has been the topic of a number of other reports. BidaskClub lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. FBR & Co reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday. Robert W. Baird reiterated a “hold” rating and set a $17.00 target price on shares of Sunstone Hotel Investors in a research report on Thursday, September 21st. J P Morgan Chase & Co upped their target price on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.89.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its stake in shares of Sunstone Hotel Investors by 6.0% during the first quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 449 shares during the last quarter. Breton Hill Capital Ltd. raised its stake in shares of Sunstone Hotel Investors by 14.9% during the second quarter. Breton Hill Capital Ltd. now owns 13,100 shares of the real estate investment trust’s stock worth $211,000 after buying an additional 1,700 shares during the last quarter. Utah Retirement Systems raised its stake in shares of Sunstone Hotel Investors by 3.1% during the second quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 400 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Sunstone Hotel Investors during the second quarter worth approximately $243,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sunstone Hotel Investors by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock worth $256,000 after buying an additional 1,613 shares during the last quarter.

Sunstone Hotel Investors Company Profile

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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