Sunstone Lodge Merchants, Inc. Anticipated to Earn This fall 2022 Earnings of $0.24 Per Share (NYSE:SHO)

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Sunstone Lodge Merchants, Inc. (NYSE:SHO – Get Rating) – Evaluation analysts at Jefferies Financial Group upped their This fall 2022 EPS estimates for Sunstone Lodge Merchants in a evaluation report issued on Thursday, August 4th. Jefferies Financial Group analyst D. Katz now forecasts that the true property funding perception will publish earnings per share of $0.24 for the quarter, up from their prior forecast of $0.23. The consensus estimate for Sunstone Lodge Merchants’ current full-year earnings is $0.78 per share. Jefferies Financial Group moreover issued estimates for Sunstone Lodge Merchants’ Q1 2024 earnings at $0.19 EPS, Q2 2024 earnings at $0.30 EPS and FY2024 earnings at $1.03 EPS.

SHO has been the topic of a wide range of completely different opinions. StockNews.com upgraded shares of Sunstone Lodge Merchants from a “promote” rating to a “preserve” rating in a report on Tuesday, July fifth. Evercore ISI restated an “outperform” rating and set a $13.00 aim worth on shares of Sunstone Lodge Merchants in a report on Monday, July eleventh. Lastly, Truist Financial boosted their aim worth on shares of Sunstone Lodge Merchants from $11.00 to $12.00 and gave the stock a “preserve” rating in a report on Wednesday, June 1st. Two funding analysts have rated the stock with a promote rating, 4 have issued a preserve rating and two have assigned a purchase order rating to the company. Primarily based on info from MarketBeat, the stock has a consensus rating of “Preserve” and a imply aim worth of $12.57.

Sunstone Lodge Merchants Price Effectivity

NYSE SHO opened at $11.02 on Friday. The company has a quick ratio of 1.23, a gift ratio of 1.23 and a debt-to-equity ratio of 0.24. Sunstone Lodge Merchants has a 12-month low of $9.30 and a 12-month extreme of $13.91. The company has a market capitalization of $2.37 billion, a PE ratio of 16.21 and a beta of 1.24. The company’s 50 day transferring frequent is $10.68 and its 200-day transferring frequent is $11.19.

Sunstone Lodge Merchants (NYSE:SHO – Get Rating) remaining posted its quarterly earnings info on Wednesday, May 4th. The precise property funding perception reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Sunstone Lodge Merchants had an online margin of 21.04% and a return on equity of 8.46%. The enterprise had revenue of $172.30 million all through the quarter, compared with analyst estimates of $157.67 million. All through the an identical quarter remaining yr, the enterprise earned ($0.13) earnings per share. Sunstone Lodge Merchants’ revenue for the quarter was up 240.3% on a year-over-year basis.

Hedge Funds Weigh In On Sunstone Lodge Merchants

Fairly a couple of hedge funds and completely different institutional patrons have currently added to or decreased their stakes in SHO. State Avenue Corp boosted its place in shares of Sunstone Lodge Merchants by 6.6% throughout the first quarter. State Avenue Corp now owns 9,935,570 shares of the true property funding perception’s stock valued at $117,041,000 after shopping for an extra 616,646 shares all through the interval. Principal Financial Group Inc. boosted its place in shares of Sunstone Lodge Merchants by 39.5% throughout the first quarter. Principal Financial Group Inc. now owns 8,228,650 shares of the true property funding perception’s stock valued at $96,934,000 after shopping for an extra 2,332,082 shares all through the interval. Cbre Funding Administration Listed Precise Belongings LLC boosted its place in shares of Sunstone Lodge Merchants by 7.6% throughout the first quarter. Cbre Funding Administration Listed Precise Belongings LLC now owns 5,564,731 shares of the true property funding perception’s stock valued at $65,553,000 after shopping for an extra 393,120 shares all through the interval. Rush Island Administration LP boosted its place in shares of Sunstone Lodge Merchants by 48.4% throughout the first quarter. Rush Island Administration LP now owns 5,521,125 shares of the true property funding perception’s stock valued at $65,039,000 after shopping for an extra 1,799,644 shares all through the interval. Lastly, DigitalBridge Group Inc. bought a model new stake in shares of Sunstone Lodge Merchants throughout the first quarter valued at about $11,404,000.

Sunstone Lodge Merchants Dividend Announcement

The enterprise moreover currently disclosed a quarterly dividend, which is able to in all probability be paid on Monday, October seventeenth. Shareholders of doc on Friday, September thirtieth will in all probability be given a dividend of $0.05 per share. The ex-dividend date is Thursday, September twenty ninth. This represents a $0.20 dividend on an annualized basis and a yield of 1.81%.

About Sunstone Lodge Merchants

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Sunstone Lodge Merchants, Inc. is a lodging precise property funding perception (“REIT”) that as of the date of this launch has pursuits in 19 lodges comprised of 9,997 rooms. Sunstone’s enterprise is to amass, private, asset deal with and renovate or reposition lodges considered to be Prolonged-Time interval Associated Precise Property®, practically all of which are operated beneath nationally acknowledged producers, equal to Marriott, Hilton and Hyatt.

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