Sunstone Hotel Invts (NYSE:SHO) Stock, Quote.Headers.trade-ideas

Sunstone Hotel Invts

Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. Its firm's portfolio consists upper upscale and luxury hotels located in convention, resort destination and urban markets. Its majority of the hotels operate under a brand owned by Marriott, Hilton, Hyatt, Four Seasons or Montage. It operates geographically in Califiornia which generates the majority of its revenue; Florida; and Hawaii. Sunstone's sole source of income is hotel revenue from its hotel ownership segment.

Miniature,Wooden,Houses,And,A,Green,Arrow,Down.,The,Concept

REIT

Real Estate

7 REITs Receive Analyst Upgrades In The First Week Of May

Hotel.Shutterstock

CLDT

5 Hotel REITs Crushing Estimates This Week

APLE

CUBE

GLPI

A Slew Of REIT Downgrades Start The Week On A Sour Note

Sunstone Hotel Investors, Inc. Sunstone Hotel Investors, Inc. Common Shares

Sunstone Hotel Investors Inc

EA Series Trust Strive U.S. Semiconductor ETF

Shoei Co Ltd

STHN HOME MED INC by Southern Home Medical, Inc.

Southern Home Medical Inc

Steven Madden Ltd

Shopify Inc. Class A Subordinate Voting Shares

Shopify Inc

SHOPX

Safety Shot Inc

SHOUGANG FUSHAN UNSP/ADR by Shougang Fushan Resources Group Ltd.

Shougang Fushan Resources Group Ltd

SUNSTONE HOTEL INVESTORS REIT ORD

Sunstone Hotel Investors, Inc. 6.125% Series H Cumulative Redeemable Preferred Stock

Sunstone Hotel Investors, Inc. 5.70% Series I Cumulative Redeemable Preferred Stock

Wells Fargo analyst Dori Kesten upgrades Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) from Underweight to Equal-Weight and announces $10.5 price target.

News

Upgrades

Price Target

Analyst Ratings

Wells Fargo Upgrades Sunstone Hotel Invts to Equal-Weight, Announces $10.5 Price Target

Guidance

Sunstone Hotel Investors Narrows FY24 Adjusted FFO Per Share Outlook From $0.84 - $0.94 To $0.85 - $0.90, Est $0.90

Sunstone Hotel Investors Says Recovery In Maui Has Been Slower, Which Has Led To Lower Revenue Growth And Earnings Expectations, Primarily In Q3

Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) reported quarterly earnings of $0.28 per share which beat the analyst consensus estimate of $0.27 by 3.7 percent. The company reported quarterly sales of $247.481 million which missed the analyst consensus estimate of $249.657 million by 0.87 percent. This is a 10.37 percent decrease over sales of $276.112 million the same period last year.

Earnings

Earnings Beats

Earnings Misses

Sunstone Hotel Invts Q2 2024 FFO $0.28 Beats $0.27 Estimate, Sales $247.481M Miss $249.657M Estimate

In the last three months, 4 analysts have published ratings on Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>), offering a diverse range of perspectives from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated Sunstone Hotel Invts and provided 12-month price targets. The average target is $12.0, accompanied by a high estimate of $12.00 and a low estimate of $12.00. Marking an increase of 5.91%, the current average surpasses the previous average price target of $11.33. 
<img src="https://www.benzinga.com/files/images/story/2024/1720612832_0.png" alt="price target chart" />
<h2>Understanding Analyst Ratings: A Comprehensive Breakdown</h2>
The standing of Sunstone Hotel Invts among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Keegan Carl</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$12.00</td>
<td>-</td>
</tr>
<tr>
<td>Patrick Scholes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$12.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Michael Bellisario</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$12.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Floris Van Dijkum</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$10.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Sunstone Hotel Invts. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Sunstone Hotel Invts compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Sunstone Hotel Invts's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Sunstone Hotel Invts's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/SHO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sunstone Hotel Invts analyst ratings.</a>
<h2>About Sunstone Hotel Invts</h2>
Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. Its firm's portfolio consists upper upscale and luxury hotels located in convention, resort destination and urban markets. Its majority of the hotels operate under a brand owned by Marriott, Hilton, Hyatt, Four Seasons or Montage. It operates geographically in Califiornia which generates the majority of its revenue; Florida; and Hawaii. Sunstone's sole source of income is hotel revenue from its hotel ownership segment.
<h3>Sunstone Hotel Invts: Delving into Financials</h3>
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Decline in Revenue: Over the 3 months period, Sunstone Hotel Invts faced challenges, resulting in a decline of approximately -10.79% in revenue growth as of 31 March, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: Sunstone Hotel Invts's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 4.28%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Sunstone Hotel Invts's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.49%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Sunstone Hotel Invts's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.3% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Sunstone Hotel Invts's debt-to-equity ratio is below the industry average. With a ratio of 0.44, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>The Basics of Analyst Ratings</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Glimpse Into The Expert Outlook On Sunstone Hotel Invts Through 4 Analysts

Wolfe Research analyst Keegan Carl upgrades Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) from Peer Perform to Outperform and announces $12 price target.

Wolfe Research Upgrades Sunstone Hotel Invts to Outperform, Announces $12 Price Target

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Sunstone Hotel Invts, revealing an average target of $12.25, a high estimate of $13.00, and a low estimate of $12.00. Observing a 6.52% increase, the current average has risen from the previous average price target of $11.50. 
<img src="https://www.benzinga.com/files/images/story/2024/1717077612_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Sunstone Hotel Invts. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Patrick Scholes</td>
<td>Truist Securities</td>
<td>Lowers</td>
<td>Hold</td>
<td>$12.00</td>
<td>$13.00</td>
</tr>
<tr>
<td>Michael Bellisario</td>
<td>Baird</td>
<td>Raises</td>
<td>Outperform</td>
<td>$12.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Floris Van Dijkum</td>
<td>Compass Point</td>
<td>Raises</td>
<td>Neutral</td>
<td>$12.00</td>
<td>$10.00</td>
</tr>
<tr>
<td>Patrick Scholes</td>
<td>Truist Securities</td>
<td>Raises</td>
<td>Hold</td>
<td>$13.00</td>
<td>$12.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Sunstone Hotel Invts. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Sunstone Hotel Invts compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Sunstone Hotel Invts's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Capture valuable insights into Sunstone Hotel Invts's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/SHO/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Sunstone Hotel Invts analyst ratings.</a>
<h2>Discovering Sunstone Hotel Invts: A Closer Look</h2>
Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. Its firm's portfolio consists upper upscale and luxury hotels located in convention, resort destination and urban markets. Its majority of the hotels operate under a brand owned by Marriott, Hilton, Hyatt, Four Seasons or Montage. It operates geographically in Califiornia which generates the majority of its revenue; Florida; and Hawaii. Sunstone's sole source of income is hotel revenue from its hotel ownership segment.
<h3>Breaking Down Sunstone Hotel Invts's Financial Performance</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Challenges: Sunstone Hotel Invts's revenue growth over 3 months faced difficulties. As of 31 March, 2024, the company experienced a decline of approximately -10.79%. This indicates a decrease in top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Sunstone Hotel Invts's net margin excels beyond industry benchmarks, reaching 4.28%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Sunstone Hotel Invts's ROE excels beyond industry benchmarks, reaching 0.49%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.3%, the company showcases effective utilization of assets.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.44.
<h2>What Are Analyst Ratings?</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

4 Analysts Have This To Say About Sunstone Hotel Invts

Truist Securities analyst Patrick Scholes maintains Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) with a Hold and lowers the price target from $13 to $12.

Truist Securities Maintains Hold on Sunstone Hotel Invts, Lowers Price Target to $12

Baird analyst Michael Bellisario upgrades Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) from Neutral to Outperform and raises the price target from $11 to $12.

Baird Upgrades Sunstone Hotel Invts to Outperform, Raises Price Target to $12

Analyst upgrades are always welcome news for investors because upgrades trigger buying activity which supports share price appreciation.
It looks like Analysts are feeling better about the future direction of interest rates and interest-sensitive stocks such as real estate investment trusts (REITs) because, this week, seven different REITs across five different subsectors have received analyst upgrades.
Sunstone Hotel Investors Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) is an Aliso Viejo, CA-based Hotel REIT with 6675 rooms in 14 hotels, on both U.S. coasts and Hawaii. Its hotel brands include Hyatt Regency, Marriott, Hilton, and Four Seasons.
On May 8, Sunstone Hotel Investors reported its first quarter 2024 operating results. Funds from Operation (FFO) of $0.19 per share beat the estimate of $0.17 per share but was below $0.21 per share FFO in Q1 2023. Revenue of $217.166 million was ahead of the estimate of $214.595 million but below revenue of $243.443 million in Q1 2023.
Disregarding the decreases from the year-ago period, On May 7, Compass Point analyst Floris Van Dijkum upgraded Sunstone Hotel from Sell to Neutral and raised the price target from $10 to $12.
Don't Miss:
<ul>
<li>Only 0.2% of single-family rentals make this platform's rigorous cut. You can co-invest in them <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">with Jeff Bezos and other notable investors for only $100</a>.</li>
<li>New York is the second financial capital in the US' history. Now a third one is emerging and <a href="https://www.benzinga.com/money/cityfunds-yield">investing in its booming real estate market</a> takes as little as $500 and a few clicks. </li>
</ul>
Camden Property Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPT#NYSE">CPT</a>) is a Houston, TX-based residential REIT that owns and manages 172 properties with 58,634 units in 15 major cities across the U.S. Some apartment complexes also contain ground-floor retail space, offices, or mixed-use space. It's a member of the Standard &amp; Poor&#8217;s 500 index (S&amp;P 500 and) and had its IPO in 1993. At the end of Q3 2023, its occupancy level was 95.0%.
On May 6, Piper Sandler analyst Alexander Goldfarb upgraded Camden Property Trust from Underweight to Neutral and raised the price target from $90 to $110. Three other Brokerages maintained previous positions on the same day, with all raising price targets between $110 and $118.
Mid-America Apartment Communities Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAA#NYSE">MAA</a>) is a self-administered residential REIT specializing in purchasing and leasing apartment complexes. As of March 2024, it owns 102,662 units in 300 communities across 16 states and Washington, D.C. Most Mid-America Apartment Communities' properties are in the Southeast, Southwest, and mid-Atlantic states.
On May 1, Mid-America reported its Q1 2024 operating results. FFO of $2.22 was in line with estimates but was below FFO of $2.28 from Q1 2023. Revenue of $543.62 million beat the estimate of $542.72 million and was above Q1 2023 revenue of $529.03 million.
On May 6, Wedbush analyst Richard Anderson upgraded Mid-America Apartment from Neutral to Outperform, raising the price target by 14% from $135 to $154.&nbsp;
&nbsp;Trending:
<ul>
<li>Elon Musk, Ken Griffin and Jeff Bezos are bullish on one city that could dethrone New York and become the new financial capital of the US. <a href="https://www.benzinga.com/money/cityfunds-yield">Investing in its booming real estate market has never been more accessible</a>. </li>
</ul>
Healthpeak Properties Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOC#NYSE">DOC</a>) is an El Segundo, CA-based diversified health care REIT that owns and operates private-pay facilities such as life science centers, medical offices, and continuing care retirement communities. Although it has properties throughout the country, most are in the San Francisco, San Diego, and Boston areas. Healthpeak's IPO was created in 1985 and was added to the S&amp;P 500 in 2008. It presently owns 774 properties worth over $20 billion.
On March 1, Healthpeak officially merged with Physicians Realty Trust in an all-stock-for-stock transaction.&nbsp;
On April 25, Healthpeak reported its first quarter 2024 operating results. FFO of $0.45 per share was a penny above the consensus estimate and a 7.14% increase over FFO of $0.42 per share in Q1 2023. Revenue of $606.560 million topped the consensus estimate of $588.284 million and was a 15.39% increase over revenue of $525.678 million in Q1 2023.
Healthpeak also announced an increase in its FY24 Diluted Adjusted Funds From Operations (AFFO) Guidance from $1.50-$1.56 to $1.53-$1.57.&nbsp;
Investors cheered the news and Healthpeak rose over 2% following its earnings and guidance release.
On May 3, Wedbush analyst Richard Anderson upgraded Healthpeak Properties from Neutral to Outperform. No price target was given.
Tanger Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKT#NYSE">SKT</a>), formerly called Tanger Factory Outlet Centers Inc, is a Greensboro, NC-based retail REIT that owns, co-owns, or manages 40 indoor shopping centers and outdoor factory outlet malls with 15.6 million square feet and over 3000 stores across 20 states and in Canada. Tanger Factory Outlet Centers was founded in 1981 and had its IPO in May 1993. Tanger's occupancy rate at the end of 2023 was 97.3%
On April 30, Tanger reported excellent first quarter operating results. FFO of $0.52 beat the estimate of $0.51 and topped its Q1 2023 FFO of $0.46 per share. Revenue of $123.371 million beat the estimate of $122.804 million and was 13.24% above revenue from Q4 2022 of $108.943 million. Tanger also raised its Full Year 2024 Core FFO from $2.01-$2.09 per share to $2.03-$2.11.&nbsp;
On May 2, Compass Point analyst Floris Van Dijkum upgraded Tanger from Neutral to Buy and announced a price target of $32.
PotlatchDeltic Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCH#NASDAQ">PCH</a>) is a specialty REIT that invests in timberland. The Spokane, WA-based company owns nearly 2.2 million acres of timberlands across seven states. It was founded in the year 1903 as Clearwater Timber Company and became a REIT in 2006. PotlatchDeltic merged with CatchMark Timer Trust, Inc. in 2022.
On April 29, PotlatchDeltic released its first quarter 2024 operating results. Non-GAAP EPS of $0.00 beat the estimates of (0.02). Revenue of $228.127 million was ahead of the consensus estimate of $227.841 million and was 11.57% below its Q1 2023 revenue of $257.962 million.
On May 1, RBC Capital analyst Matthew McKellar upgraded PotlatchDeltic from Sector Perform to Outperform and announced a $46 price target.
American Tower Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMT#NYSE">AMT</a>) is a Boston, MA-based specialty REIT that calls itself "a global leader in wireless infrastructure." Founded in 1995, American Tower owns, operates, and develops wireless and broadcast communications real estate. Most of its business is leasing space on wireless and broadcast towers and it also leases portions of the land below the tower for equipment storage. Typical tower components are coaxial cabling and fiber optic cables.
American Tower has a presence in 224,000 global communication sites across 25 different countries in six continents. About 42,000 of those properties are in the U.S. and Canada, and approximately 181,000 are international properties
On April 30, American Tower released its first quarter 2024 operating results. Adjusted Funds from Operations (AFFO) of $2.79 per share easily beat the consensus estimate of $2.54 per share, and AFFO of $2.54 in Q1 2023. Revenue of $2.834 billion also beat the street's view of $2.795 billion and topped revenue of $2.767 billion from Q1 2023.
On May 1, Raymond James analyst Ric Prentiss upgraded American Tower from Outperform to Strong Buy and raised the price target from $226 to $248.
Read Next:
<ul>
<li>Want to Create a Passive Income Stream? <a href="https://www.benzinga.com/real-estate/23/05/32554601/want-to-grow-your-wealth-passively-these-high-yield-real-estate-notes-might-be-your-holy-grail">These High-Yield Real Estate Notes Might Be Your Holy Grail</a></li>
<li>Dara Khosrowshahi-Backed Startup Lets You <a href="https://www.benzinga.com/money/dara-khosrowshahi-backed-startup-lets-you-become-a-landlord-with-100">Become a Landlord with $100</a>.</li>
</ul>

Compass Point analyst Floris Van Dijkum upgrades Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) from Sell to Neutral and raises the price target from $10 to $12.

Compass Point Upgrades Sunstone Hotel Invts to Neutral, Raises Price Target to $12

2024&nbsp;Outlook
For the full year 2024, the Company expects:
<table border="0" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="11" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Metric ($ in millions, except per share data)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Prior
			Full Year 2024
			Guidance&nbsp;(1)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Adjustments (2)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Adjusted Prior
			Full Year 2024
			Guidance
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Current
Full Year 2024
Guidance&nbsp;(3)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
Change in
			Full Year 2024
			Guidance&nbsp;Midpoint
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Net Income
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$46&nbsp; to&nbsp;&nbsp;$71
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+&nbsp;$4
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$50&nbsp; to&nbsp;&nbsp;$75
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$56&nbsp; to&nbsp;&nbsp;$77
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+&nbsp;$4
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Total Portfolio RevPAR Growth (4)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;+&nbsp;2.5%&nbsp;to +&nbsp;5.5%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
-&nbsp; 0.25&nbsp;%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;+&nbsp;2.25%&nbsp;to +&nbsp;5.25%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
&nbsp;+&nbsp;2.25%&nbsp;to +&nbsp;5.25%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
0.0&nbsp;%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Total Portfolio RevPAR Growth, excluding The Confidante Miami Beach (4)
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+&nbsp;5.0%&nbsp;to +&nbsp;8.0%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
-&nbsp; 0.25&nbsp;%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+&nbsp;4.75%&nbsp;to +&nbsp;7.75%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+&nbsp;4.75%&nbsp;to +&nbsp;7.75%
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
0.0&nbsp;%
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted EBITDAre
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$230&nbsp; to&nbsp;&nbsp;$255
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+&nbsp;$10
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$240&nbsp; to&nbsp;&nbsp;$265
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$242&nbsp; to&nbsp;&nbsp;$263
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$0
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted FFO Attributable to Common Stockholders
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$159&nbsp; to&nbsp;&nbsp;$184
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+&nbsp;$10
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$169&nbsp; to&nbsp;&nbsp;$194
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$171&nbsp; to&nbsp;&nbsp;$192
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$0
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Adjusted FFO Attributable to Common Stockholders per Diluted Share
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$0.78&nbsp; to&nbsp;&nbsp;$0.90
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
+&nbsp;$0.05
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$0.83&nbsp; to&nbsp;&nbsp;$0.95
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$0.84&nbsp; to&nbsp;&nbsp;$0.94
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
$0
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
Diluted Weighted Average Shares Outstanding
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
204,500,000
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
&mdash;
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
204,500,000
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
204,500,000
</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
&mdash;
</td>
</tr>
</tbody>
</table>
<table border="0" cellpadding="1" cellspacing="0">
<tbody>
<tr>
<td colspan="1" rowspan="1">
			&nbsp;</td>
<td colspan="1" rowspan="1">
			&nbsp;</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
(1)
</td>
<td colspan="1" rowspan="1">
Reflects&nbsp;guidance&nbsp;presented on February 23, 2024.
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
(2)
</td>
<td colspan="1" rowspan="1">
Includes adjustments to reflect the impact of the recently completed acquisition of the Hyatt Regency San Antonio Riverwalk.
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
(3)
</td>
<td colspan="1" rowspan="1">
Detailed reconciliations of Net Income to non-GAAP financial measures are provided later in this release.
</td>
</tr>
<tr>
<td colspan="1" rowspan="1">
(4)
</td>
<td colspan="1" rowspan="1">
RevPAR Growth reflects comparison to full year 2023.
</td>
</tr>
</tbody>
</table>
Full year 2024&nbsp;guidance&nbsp;is based in part on the following full year assumptions:
<ul>
<li>Full year total Adjusted EBITDAre&nbsp;displacement of approximately&nbsp;$13 million&nbsp;to&nbsp;$15 million&nbsp;in connection with planned capital investments.</li>
<li>Full year interest income of approximately&nbsp;$10 million&nbsp;to&nbsp;$11 million.</li>
<li>Full year corporate overhead expense (excluding deferred stock amortization) of approximately&nbsp;$21 million&nbsp;to&nbsp;$22 million.</li>
<li>Full year interest expense of approximately&nbsp;$50 million&nbsp;to&nbsp;$53 million, including approximately&nbsp;$3 million&nbsp;in amortization of deferred financing costs and&nbsp;$2 million&nbsp;of noncash reduction to interest expense from derivatives.</li>
<li>Full year preferred stock dividends of approximately&nbsp;$15 million&nbsp;to&nbsp;$16 million, which includes the Series G, H and I cumulative redeemable preferred stock.</li>
<li>The Confidante Miami Beach is expected to reopen as Andaz Miami Beach in the&nbsp;fourth quarter&nbsp;of 2024 and the Company currently anticipates that the resort will generate an EBITDAre&nbsp;loss of approximately&nbsp;$3 million&nbsp;to&nbsp;$5 million, excluding pre-opening and certain capitalized costs, in 2024 as the comprehensive transformation is completed.</li>
</ul>

Sunstone Hotel Investors Expects Adj FFO of $0.84-$0.94 (Prior $0.83-$0.95)

Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.17 by 11.76 percent. The company reported quarterly sales of $217.166 million which beat the analyst consensus estimate of $214.595 million by 1.20 percent. This is a 10.79 percent decrease over sales of $243.443 million the same period last year.

Sunstone Hotel Invts Q1 2024 FFO $0.19 Beats $0.17 Estimate, Sales $217.166M Beat $214.595M Estimate

Sunstone Hotel Investors Enters Agreement To Acquire Hyatt Regency San Antonio Riverwalk Hotel For Gross Purchase Price Of $230M; Expects To Close Acquisition In Late April And Expects Acquisition To Contribute $12M-$13M Of Hotel EBITDA And ~$0.06 OF Adj. FFO During Ownership Period In 2024

Truist Securities analyst Patrick Scholes maintains Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) with a Hold and raises the price target from $12 to $13.

Truist Securities Maintains Hold on Sunstone Hotel Invts, Raises Price Target to $13

After three difficult years beginning with the onset of the COVID-19 pandemic, hotel real estate investment trusts (REITs) are headed to better times. Earnings are improving and hotels have been slowly but surely increasing dividends that were either cut or suspended in 2020.
Hotel REITs, like many other REIT subsectors, touched 2023 lows at the end of October. But since then, many in the hotel subsector have been on fire, with total gains among several of them between 25% and 50%.
This week, several hotel REITs reported fourth-quarter 2023 operating results that beat the estimates on both funds from operations (FFO) and revenue. Take a look at five hotel REITs that caught analysts by surprise and could have more room to appreciate:
Park Hotels &amp; Resorts Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PK#NYSE">PK</a>) is a Tysons, Virginia-based hotel REIT with more than 26,000 rooms in 43 hotels and resorts in 25 prime U.S. markets with high barriers to entry. Hawaii properties account for 36% of its portfolio. Park Hotels is a small-cap stock with a market cap of $3.35 billion.
Park Hotels was established as an independent company in January 2017 following its spinoff from Hilton Hotels &amp; Resorts. In September 2019, Park acquired Chesapeake Lodging Trust to add premium-brand hotels and resorts in prime markets such as Miami, Boston, Los Angeles and San Francisco.
On Feb. 27, Park Hotels reported its fourth-quarter operating results. Adjusted FFO (AFFO) of $0.52 per share beat the analyst estimate of $0.49 per share and was 15.56% above AFFO of $0.45 per share in the fourth quarter of 2022. Revenue of $657 million beat the estimate of $648.88 million but was slightly below revenue of $665 million in the fourth quarter of 2022.
Park Hotels also expects full-year (FY)2024 FFO in a range between $2.02-$2.22 per share. That would give it a midpoint of $2.12 per share, above the estimate of $2.10 per share.&nbsp;
Chatham Lodging Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLDT#NYSE">CLDT</a>) is a West Palm Beach, Florida-based hotel REIT that primarily invests in upscale, extended-stay and premium branded, select-service hotels in major U.S. markets. Chatham's portfolio consists of 38 hotels with 5,735 rooms across 16 states and Washington, D.C.
On Feb. 27, Chatham Lodging reported its fourth-quarter operating results. AFFO of $0.19 per share beat the consensus estimate of $0.15 per share by 26.67% but was slightly below AFFO of $0.20 per share in the fourth quarter of 2022. Revenue of $72.28 million beat the estimate of $70.69 million and topped the revenue of $70.32 million in the fourth quarter of 2022.
But Chatham may fall a bit short on FY 2024 guidance. It expects AFFO of $0.10-$0.14 per share, but the Street was expecting $0.16 per share.
RLJ Lodging Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RLJ#NYSE">RLJ</a>) is a Bethesda, Maryland-based hotel REIT that owns 96 premium-branded hotels with approximately 21,200 rooms across 23 states and Washington, D.C. Its brands include Marriott, Hilton Garden Inn, Embassy Suites and Hyatt.
On Feb. 26, RLJ Lodging reported its fourth-quarter operating results. FFO of $0.34 per share beat the estimates of $0.33 per share and was in line with FFO in the fourth quarter of 2022. Revenue of $319.71 million beat the estimates of $314.28 million and was above revenue in the fourth quarter of 2022 of $302.19 million.
RLJ also came in just shy of expectations on FY 2024 FFO, with a range of $1.55-$1.75 per share, with a midpoint of $1.65 per share. The Street was looking for $1.67 per share.
Sunstone Hotel Investors Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) is an Aliso Viejo, California-based hotel REIT with 6,675 rooms in 14 hotels on both U.S. coasts and Hawaii. Its hotel brands include Hyatt Regency, Marriott, Hilton and Four Seasons.
On Feb. 23, Sunstone Hotel Investors reported its fourth-quarter operating results. FFO of $0.19 per share beat the estimate of $0.17 per share but was below $0.26 per share FFO in the fourth quarter of 2022. Revenue of $219.22 million was ahead of estimates of $216.84 million, but below revenue of $244.41 million in the fourth quarter of 2022.
Sunstone also announced its FY 2024 AFFO in a range from $0.78-$0.90. A Street estimate was not available.&nbsp;
Ryman Hospitality Properties Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHP#NYSE">RHP</a>) is a Nashville, Tennessee-based hotel REIT that specializes in large upscale convention center resorts and entertainment venues.
Its portfolio of nine hotels includes over 11,400 rooms and almost 3 million square feet of meeting spaces. Ryman also has a 70% controlling ownership interest in Opry Entertainment Group, which owns the Grand Ole Opry and other entertainment attractions.
On Feb. 22, Ryman Hospitality reported its fourth-quarter operating results. FFO of $2.08 per share beat the estimate of $1.97 per share. Revenue of $633.06 million was ahead of estimates for $622.44 and was an 11.28% increase from revenue of $568.88 million in the fourth quarter of 2022.
Full-year 2024 AFFO guidance of $7.60-$8.20 per share was announced, with a midpoint of $7.90 per share, well below the Street's estimate of $8.14 per share.
Over the past four months, Ryman Hospitality has surged 44.8%, from a low of $81.09 to its recent close at $117.44. Even with guidance coming in shy, there could still be some rally to come in Ryman shares.
Explore Opportunities Beyond REITs
While publicly traded REITs offer a convenient way to invest in real estate, we believe that some of the most compelling opportunities lie in the private market. Benzinga's <a href="https://www.benzinga.com/alternative-investments/real-estate">real estate offering screener</a> features a curated selection of private market real estate offerings from trusted platforms with a track record of strong returns.
Whether you&#8217;re an accredited or non-accredited investor, you can filter opportunities based on your investment criteria, including minimum investment, property type and target return. These offerings provide a unique chance to diversify your portfolio and tap into potential high-yield investments that are not available on public exchanges.
<a href="https://www.benzinga.com/alternative-investments/real-estate">Browse offerings</a>

Sunstone Hotel Investors Sees FY24 Adj. FFO $0.78-$0.90

Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.17 by 11.76 percent. The company reported quarterly sales of $219.22 million which beat the analyst consensus estimate of $216.84 million by 1.10 percent. This is a 10.30 percent decrease over sales of $244.41 million the same period last year.

Sunstone Hotel Invts Q4 2023 FFO $0.19 Beats $0.17 Estimate, Sales $219.22M Beat $216.84M Estimate

<h3>Companies Reporting Before The Bell</h3>
&bull; Fomento Economico (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FMX#NYSE">FMX</a>) is likely to report quarterly earnings at $1.61 per share on revenue of $11.66 billion.
&bull; Calumet Specialty Prods (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLMT#NASDAQ">CLMT</a>) is projected to report quarterly loss at $0.39 per share on revenue of $926.13 million.
&bull; Global Blue Gr Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GB#NYSE">GB</a>) is likely to report quarterly earnings at $0.06 per share on revenue of $119.60 million.
&bull; Hyatt Hotels (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) is projected to report quarterly earnings at $0.39 per share on revenue of $1.60 billion.
&bull; Docebo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DCBO#NASDAQ">DCBO</a>) is estimated to report quarterly earnings at $0.08 per share on revenue of $48.40 million.
&bull; Hudbay Minerals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBM#NYSE">HBM</a>) is likely to report quarterly earnings at $0.12 per share on revenue of $542.12 million.
&bull; RB Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBA#NYSE">RBA</a>) is expected to report quarterly earnings at $0.69 per share on revenue of $1.04 billion.
&bull; Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) is projected to report earnings for its fourth quarter.
&bull; Anglogold Ashanti (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AU#NYSE">AU</a>) is projected to report earnings for its fourth quarter.
&bull; Coca-Cola Europacific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCEP#NASDAQ">CCEP</a>) is expected to report earnings for its Fiscal Year 2023.
&bull; AerCap Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AER#NYSE">AER</a>) is expected to report quarterly earnings at $2.45 per share on revenue of $1.93 billion.
&bull; Bloomin Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLMN#NASDAQ">BLMN</a>) is projected to report quarterly earnings at $0.69 per share on revenue of $1.20 billion.
&bull; Diana Shipping (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DSX#NYSE">DSX</a>) is projected to report quarterly earnings at $0.04 per share on revenue of $58.75 million.
&bull; TransAlta (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAC#NYSE">TAC</a>) is estimated to report quarterly earnings at $0.14 per share on revenue of $576.71 million.
&bull; Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>) is projected to report quarterly loss at $0.06 per share on revenue of $10.37 billion.
&bull; Federal Agricultural (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGM#NYSE">AGM</a>) is estimated to report quarterly earnings at $4.05 per share on revenue of $88.99 million.
&bull; E W Scripps (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSP#NASDAQ">SSP</a>) is projected to report quarterly earnings at $0.11 per share on revenue of $602.33 million.
&bull; Gray Television (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GTN#NYSE">GTN</a>) is projected to report quarterly loss at $0.16 per share on revenue of $863.06 million.
&bull; Northwest Natural Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NWN#NYSE">NWN</a>) is expected to report quarterly earnings at $1.27 per share on revenue of $360.31 million.
&bull; Frontier Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FYBR#NASDAQ">FYBR</a>) is likely to report quarterly loss at $0.12 per share on revenue of $1.42 billion.
&bull; Lamar Advertising (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LAMR#NASDAQ">LAMR</a>) is likely to report quarterly earnings at $1.35 per share on revenue of $547.66 million.
&bull; Compx Intl (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/CIX#AMEX">CIX</a>) is projected to report earnings for its fourth quarter.
<h3>Companies Reporting After The Bell</h3>
&bull; BIT Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTCM#NYSE">BTCM</a>) is expected to report quarterly earnings at $0.00 per share on revenue of $77.30 million.
This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.

BLMN

BTCM

Coca-Cola European Partners plc Ordinary Shares

CCEP

CLMT

DCBO

Fomento Economico Mexicano S.A.B. De C.V.

FYBR

LAMR

Earnings Scheduled For February 23, 2024

Wells Fargo analyst Dori Kesten maintains Sunstone Hotel Invts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHO#NYSE">SHO</a>) with a Underweight and raises the price target from $9.5 to $10.

Wells Fargo Maintains Underweight on Sunstone Hotel Invts, Raises Price Target to $10

Sunstone Hotel: Better Wait For A Better Price

The Dangers Of High Yield Preferreds

Morgan Stanley analyst Stephen Grambling maintained a Hold rating on Sunstone Hotel (SHO – Research Report) today and set a price target of $11.00....

Morgan Stanley Remains a Hold on Sunstone Hotel (SHO)

If I Had To Retire Today With 12 REITs

Sunstone Hotel reports Q2 results

Sunstone Hotel declares $0.09 dividend

Sunstone Hotel Investors, Inc. (SHO) Q2 2024 Earnings Call Transcript

Sunstone Hotel (SHO – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst Dori Kesten from ...

Downgrade to Sell: Challenges Ahead for Sunstone Hotel Investors

Analysts fell to the sidelines weighing in on Sunstone Hotel (SHO – Research Report), Umh (UMH – Research Report) and Equity Residential (EQR – Res...

Analysts Offer Insights on Real Estate Companies: Sunstone Hotel (SHO), Umh (UMH) and Equity Residential (EQR)

In a report released today, Stephen Grambling from Morgan Stanley maintained a Hold rating on Sunstone Hotel (SHO – Research Report), with a price ...

Sunstone Hotel (SHO) Gets a Hold from Morgan Stanley

CSGP

EQIX

IIPR

INVH

NXRT

PLDGP

PMTU

REXR

SBAC

SQFT

SQFTP

SQFTW

TRNO

VICI

WELL

XLRE

Press Releases

SUNSTONE HOTEL INVESTORS SCHEDULES FOURTH QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

Dividends

SUNSTONE HOTEL INVESTORS ANNOUNCES TAX TREATMENT OF 2023 DIVIDENDS

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FOURTH QUARTER AND FULL YEAR 2023

SUNSTONE HOTEL INVESTORS SCHEDULES FIRST QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

SUNSTONE HOTEL INVESTORS TO ACQUIRE HYATT REGENCY SAN ANTONIO RIVERWALK

SUNSTONE HOTEL INVESTORS ANNOUNCES CHANGE IN LOCATION OF 2024 ANNUAL MEETING OF STOCKHOLDERS

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR FIRST QUARTER 2024

SUNSTONE HOTEL INVESTORS SCHEDULES SECOND QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

SUNSTONE HOTEL INVESTORS REPORTS RESULTS FOR SECOND QUARTER 2024

SUNSTONE HOTEL INVESTORS SCHEDULES THIRD QUARTER 2024 EARNINGS RELEASE AND CONFERENCE CALL

Ashford Hospitality Trust Inc Common Stock

Ashford Hospitality Trust

Apple Hospitality REIT, Inc. Common Shares

Apple Hospitality REIT

Braemar Hotels & Resorts Inc. Common Stock

Braemar Hotels & Resorts

Chatham Lodging Trust (REIT) Common Shares of Beneficial Interest

Chatham Lodging

Diamondrock Hospitality Company Common Stock

Diamondrock Hospitality

Host Hotels & Resorts, Inc. - Common Stock

Host Hotels & Resorts

InnSuites Hospitality Trust Shares of Beneficial Interest

InnSuites Hospitality

Summit Hotel Properties, Inc. Common Stock

Summit Hotel Properties

Pebblebrook Hotel Trust Common Shares of Beneficial Interest

Pebblebrook Hotel

Park Hotels & Resorts

Ryman Hospitality Properties, Inc. (REIT)

Ryman Hospitality Props

RLJ Lodging Trust Common Shares of Beneficial Interest $0.01 par value

RLJ Lodging

Sotherly Hotels

Service Properties Trust - Shares of Beneficial Interest

Service Properties Trust

Xenia Hotels & Resorts, Inc. Common Stock

Top Stock Ideas Sent Daily — Join and Gain Your Edge

Top Stock Ideas Sent Daily — Join and Gain Your Edge

Comments

Sunstone Hotel Invts

Sunstone Hotel Invts (SHO) Forecast

Sunstone Hotel Invts (NYSE:SHO) Stock, Quote.Headers.trade-ideas