Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $11.42.

Several equities research analysts recently commented on SHO shares. 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 report on Wednesday, July 10th. Wells Fargo & Company raised 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, September 13th. Finally, StockNews.com downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new position in Sunstone Hotel Investors during the 1st quarter worth approximately $30,000. Federated Hermes Inc. purchased a new stake in shares of Sunstone Hotel Investors in the second quarter valued at approximately $34,000. Quarry LP boosted its stake in shares of Sunstone Hotel Investors by 584.1% in the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 3,680 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Sunstone Hotel Investors in the first quarter valued at approximately $49,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Sunstone Hotel Investors in the second quarter valued at approximately $52,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Up 0.4 %

Shares of SHO stock opened at $10.13 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.75 and a quick ratio of 3.75. The stock’s fifty day moving average price is $10.28 and its 200 day moving average price is $10.24. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 12.35, a price-to-earnings-growth ratio of 5.87 and a beta of 1.25. Sunstone Hotel Investors has a 1-year low of $9.28 and a 1-year high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). The company had revenue of $247.50 million during the quarter, compared to analyst estimates of $248.12 million. Sunstone Hotel Investors had a net margin of 19.51% and a return on equity of 9.75%. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period last year, the firm earned $0.33 EPS. On average, research analysts expect that Sunstone Hotel Investors will post 0.85 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.09 per share. The ex-dividend date was Monday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.55%. Sunstone Hotel Investors’s dividend payout ratio is presently 39.02%.

About Sunstone Hotel Investors

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.