Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $11.42 Average PT from Analysts

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $11.42.

Several research firms have issued reports on SHO. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 target price on the stock in a research note on Friday, September 13th. StockNews.com downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Institutional Trading of Sunstone Hotel Investors

Large investors have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased 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 valued at $232,000 after purchasing an additional 1,215 shares during the last quarter. Sei Investments Co. boosted its stake in Sunstone Hotel Investors by 21.6% during the first quarter. Sei Investments Co. now owns 156,229 shares of the real estate investment trust’s stock worth $1,740,000 after buying an additional 27,743 shares during the period. Russell Investments Group Ltd. increased its position in Sunstone Hotel Investors by 572.0% during the first quarter. Russell Investments Group Ltd. now owns 219,000 shares of the real estate investment trust’s stock valued at $2,440,000 after acquiring an additional 186,413 shares during the last quarter. 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 worth $462,000 after purchasing an additional 2,388 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Sunstone Hotel Investors by 0.4% in the first quarter. Vanguard Group Inc. now owns 32,326,254 shares of the real estate investment trust’s stock worth $360,114,000 after buying an additional 115,899 shares during the period. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Trading Up 3.9 %

NYSE SHO opened at $10.77 on Thursday. The firm has a market capitalization of $2.16 billion, a PE ratio of 14.17, a P/E/G ratio of 5.59 and a beta of 1.25. The stock’s 50 day moving average is $10.37 and its 200 day moving average is $10.25. Sunstone Hotel Investors has a twelve month low of $9.39 and a twelve month high of $11.59. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company had revenue of $226.40 million for the quarter, compared to analysts’ expectations of $224.61 million. During the same quarter in the previous year, the firm posted $0.23 EPS. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. Research analysts forecast that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 42.11%.

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.