Sunstone Hotel Investors, Inc. (NYSE:SHO) is reporting second quarter financial results on Tuesday 4th August 2020, before market open.
According to analysts surveyed by Thomson Reuters, SHO is expected to report 2Q20 loss of $ 0.43 per share from revenue of $ 22.58 million.
For the full year, analysts anticipate top line of $ 456.70 million, while looking forward to loss of $ 1.54 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 0.95 ~ $ 1.05 per share
Click Here For More Historical Outlooks Of Sunstone Hotel Investors, Inc.
Previous Quarter Performance
Sunstone Hotel Investors, Inc. revealed loss for the first quarter of $ 0.01 per share, from the revenue of $ 191.21 million. The quarterly revenues contracted 25.80 percent compared with the same quarter last year. Wall street analysts are predicting, SHO to report 1Q20 loss of $ 0.03 per share from revenue of $ 222.25 million. The bottom line results beat street analysts by $ 0.02 or 66.67 percent, at the same time, top line results fell short of analysts by $ 31.04 million or 13.97 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Sunstone Hotel Investors, Inc.
Stock Performance
According to the previous trading day, closing price of SHO was $ 7.30, representing a 26.96 % increase from the 52 week low of $ 5.75 and a 49.55 % decrease over the 52 week high of $ 14.47.
The company has a market capital of $ 1.57 billion and is part of the Real Estate sector and REIT – Hotel & Motel industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.4344 per share on May 1, 2020. The dividend were payable on July 15, 2020 to holders of record as of the close of business on June 30, 2020 and ex-dividend date on June 29, 2020.
Conference Call
Sunstone Hotel Investors, Inc. will be hosting a conference call at 12:00 PM eastern time on 4th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.sunstonehotels.com
Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (“REIT”) that as of May 6, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstones primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
