Sunstone Hotel Investors (NYSE:SHO – Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided EPS guidance of $0.85-$0.90 for the period, compared to the consensus EPS estimate of $0.90.
Sunstone Hotel Investors Trading Down 1.7 %
SHO stock traded down $0.16 during mid-day trading on Wednesday, reaching $9.50. The company had a trading volume of 559,317 shares, compared to its average volume of 1,886,521. The company has a market capitalization of $1.93 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 4.69 and a beta of 1.24. The firm has a 50 day moving average of $10.23 and a 200 day moving average of $10.56. Sunstone Hotel Investors has a 12 month low of $8.61 and a 12 month high of $11.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.17 and a quick ratio of 8.17.
Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). The firm had revenue of $217.17 million for the quarter, compared to analysts’ expectations of $212.00 million. Sunstone Hotel Investors had a net margin of 20.69% and a return on equity of 10.75%. On average, equities analysts predict that Sunstone Hotel Investors will post 0.9 earnings per share for the current fiscal year.
Analysts Set New Price Targets
View Our Latest Stock Report on Sunstone Hotel Investors
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.
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