Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives Average Rating of “Hold” from Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO) has received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $11.07.

Several research firms recently issued reports on SHO. Baird R W raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Tuesday, May 28th. Robert W. Baird upgraded Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $11.00 to $12.00 in a research note on Tuesday, May 28th. Wells Fargo & Company upgraded Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price objective for the company in a research note on Friday. StockNews.com lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Wolfe Research raised shares of Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Wednesday, July 10th.

Institutional Trading of Sunstone Hotel Investors

Institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its position in shares of Sunstone Hotel Investors by 6.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 1,215 shares during the period. Diversified Trust Co lifted its stake in Sunstone Hotel Investors by 3.9% in the first quarter. Diversified Trust Co now owns 34,553 shares of the real estate investment trust’s stock valued at $385,000 after buying an additional 1,303 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in shares of Sunstone Hotel Investors by 35.4% during the fourth quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,387 shares during the period. Van ECK Associates Corp grew its position in shares of Sunstone Hotel Investors by 5.5% during the second quarter. Van ECK Associates Corp now owns 31,119 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 1,635 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its position in shares of Sunstone Hotel Investors by 12.1% during the second quarter. Evergreen Capital Management LLC now owns 17,479 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 1,881 shares during the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Stock Performance

Shares of NYSE:SHO opened at $10.15 on Friday. The business’s 50-day simple moving average is $10.16 and its 200 day simple moving average is $10.41. The company has a market cap of $2.07 billion, a P/E ratio of 11.28, a PEG ratio of 4.14 and a beta of 1.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.75 and a current ratio of 3.75. Sunstone Hotel Investors has a one year low of $8.89 and a one year high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). Sunstone Hotel Investors had a net margin of 19.51% and a return on equity of 9.75%. The firm had revenue of $247.50 million for the quarter, compared to analysts’ expectations of $248.12 million. During the same quarter in the prior year, the business earned $0.33 EPS. The company’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, sell-side analysts forecast that Sunstone Hotel Investors will post 0.89 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Monday, September 30th. Sunstone Hotel Investors’s dividend payout ratio is currently 35.56%.

Sunstone Hotel Investors Company Profile

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.