Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

by · The Cerbat Gem

Sunstone Hotel Investors, Inc. (NYSE:SHO – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $11.42.

A number of research analysts recently weighed in on SHO shares. Wolfe Research raised Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Wednesday, July 10th. StockNews.com lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Finally, Wells Fargo & Company raised Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price objective on the stock in a report on Friday, September 13th.

Read Our Latest Stock Report on Sunstone Hotel Investors

Sunstone Hotel Investors Stock Up 3.1 %

Shares of SHO stock opened at $10.47 on Wednesday. The stock’s 50 day simple moving average is $10.17 and its 200 day simple moving average is $10.33. 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 twelve month low of $9.03 and a twelve month high of $11.59. The company has a market capitalization of $2.13 billion, a price-to-earnings ratio of 11.63, a PEG ratio of 4.33 and a beta of 1.24.

Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share 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 company had revenue of $247.50 million during the quarter, compared to the consensus estimate of $248.12 million. During the same period in the previous year, the business posted $0.33 earnings per share. The firm’s revenue was down 10.4% on a year-over-year basis. As a group, research analysts predict that Sunstone Hotel Investors will post 0.89 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Monday, September 30th. Sunstone Hotel Investors’s dividend payout ratio is 35.56%.

Institutional Trading of Sunstone Hotel Investors

Institutional investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in Sunstone Hotel Investors by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 1,215 shares during the last quarter. Diversified Trust Co raised its position in Sunstone Hotel Investors by 3.9% in the 1st quarter. Diversified Trust Co now owns 34,553 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 1,303 shares during the last quarter. Van ECK Associates Corp raised its position in Sunstone Hotel Investors by 5.5% in the 2nd quarter. Van ECK Associates Corp now owns 31,119 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 1,635 shares during the last quarter. Evergreen Capital Management LLC raised its position in Sunstone Hotel Investors by 12.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 17,479 shares of the real estate investment trust’s stock valued at $184,000 after purchasing an additional 1,881 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in Sunstone Hotel Investors by 6.1% in the 1st quarter. ProShare Advisors LLC now owns 41,451 shares of the real estate investment trust’s stock valued at $462,000 after purchasing an additional 2,388 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

About Sunstone Hotel Investors

(Get Free Report

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.

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