Shares of Sunstone Hotel Investors Inc (NYSE:SHO) have been given a consensus rating of “Hold” by the seven analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $16.40.
Several research analysts have recently weighed in on SHO shares. Barclays cut Sunstone Hotel Investors from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $18.00 to $16.00 in a research note on Tuesday, December 18th. Zacks Investment Research cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Finally, Deutsche Bank restated a “hold” rating and issued a $16.00 price target on shares of Sunstone Hotel Investors in a research note on Thursday, February 14th.
Sunstone Hotel Investors stock opened at $14.75 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 3.90 and a current ratio of 3.90. Sunstone Hotel Investors has a 12 month low of $12.70 and a 12 month high of $17.60. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.29 and a beta of 1.14.
Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Sunstone Hotel Investors had a return on equity of 10.02% and a net margin of 21.61%. The business had revenue of $280.85 million for the quarter, compared to the consensus estimate of $275.14 million. During the same period in the previous year, the company posted $0.28 earnings per share. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, research analysts predict that Sunstone Hotel Investors will post 1.07 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Thursday, March 28th. Sunstone Hotel Investors’s dividend payout ratio is currently 17.09%.
Several hedge funds have recently bought and sold shares of SHO. Nisa Investment Advisors LLC raised its stake in shares of Sunstone Hotel Investors by 6,800.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the real estate investment trust’s stock worth $90,000 after purchasing an additional 6,800 shares during the last quarter. Hartford Investment Management Co. purchased a new position in shares of Sunstone Hotel Investors in the fourth quarter worth $131,000. Oppenheimer & Co. Inc. purchased a new position in shares of Sunstone Hotel Investors in the fourth quarter worth $135,000. Quantamental Technologies LLC purchased a new stake in Sunstone Hotel Investors during the fourth quarter valued at $142,000. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Sunstone Hotel Investors during the first quarter valued at $185,000.
Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
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