Attention Seeking Stock: Sunstone Hotel Investors, Inc. (NYSE: SHO)

On Monday, Shares of Sunstone Hotel Investors, Inc. (NYSE: SHO) showed the bullish trend with a higher momentum of 0.77% and ended its trading session at $16.97. The company traded total volume of 875K shares as contrast to its average volume of 2.25M shares. The company has a market value of $3.81B and about 224.28M shares outstanding. During the 52-week trading session, the minimum price at which share price traded was registered at $14.09 and reached the max level of $17.60.

Sunstone Hotel Shareholders Inc. (SHO) stated a key measure of profitability in its first quarter. The results exceeded Wall Street expectations.

The real estate investment trust, based in Aliso Viejo, California, said it had funds from operations of $45.90M, or 20 cents per share, in the period. The average estimate of eight analysts surveyed by Zacks Investment Research was for funds from operations of 19 cents per share. Funds from operations are a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $32.80M, or 15 cents per share.

The hotel real estate investment trust, based in Aliso Viejo, California, posted revenue of $271.40M in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $258.30M. For the current quarter ending in July, Sunstone Hotel anticipates its per-share funds from operations to range from 34 cents to 36 cents. The company anticipates full-year funds from operations in the range of $1.07 to $1.16 per share.

The Company offered net profit margin of 9.00% while its gross profit margin was 63.70%. ROE was recorded as 4.40% while beta factor was 1.14. The stock, as of recent close, has shown the weekly upbeat performance of 2.41% which was maintained at 2.66% in this year.

Eric Clapton

Eric Clapton

I am Eric Clapton and has over 14 years experience in the financial services industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

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