Shares of Sunstone Hotel Investors Inc (NYSE:SHO) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $13.25.
A number of equities analysts have recently weighed in on SHO shares. ValuEngine raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley cut their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an “underweight” rating for the company in a report on Thursday, January 9th. Finally, Zacks Investment Research cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th.
Shares of NYSE SHO traded up $0.05 during trading on Friday, reaching $13.60. The company had a trading volume of 1,823,251 shares, compared to its average volume of 2,350,146. Sunstone Hotel Investors has a twelve month low of $12.54 and a twelve month high of $15.49. The stock has a market capitalization of $3.05 billion, a PE ratio of 20.00, a price-to-earnings-growth ratio of 2.14 and a beta of 1.03. The stock has a 50-day moving average price of $13.91 and a two-hundred day moving average price of $13.64. The company has a current ratio of 6.39, a quick ratio of 6.39 and a debt-to-equity ratio of 0.41.
Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.16). Sunstone Hotel Investors had a return on equity of 6.71% and a net margin of 15.10%. The company had revenue of $281.64 million during the quarter, compared to analyst estimates of $278.57 million. During the same period last year, the firm earned $0.30 earnings per share. The business’s revenue was down 2.7% compared to the same quarter last year. On average, sell-side analysts predict that Sunstone Hotel Investors will post 1.1 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.57 dividend. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. This represents a $2.28 annualized dividend and a yield of 16.76%. The ex-dividend date of this dividend was Monday, December 30th. Sunstone Hotel Investors’s dividend payout ratio is presently 201.71%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Alpha Windward LLC increased its stake in Sunstone Hotel Investors by 6.4% in the fourth quarter. Alpha Windward LLC now owns 35,723 shares of the real estate investment trust’s stock valued at $497,000 after purchasing an additional 2,152 shares during the last quarter. Macquarie Group Ltd. increased its stake in Sunstone Hotel Investors by 2.5% in the second quarter. Macquarie Group Ltd. now owns 100,100 shares of the real estate investment trust’s stock valued at $1,372,000 after purchasing an additional 2,475 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Sunstone Hotel Investors by 2.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 146,100 shares of the real estate investment trust’s stock valued at $2,003,000 after purchasing an additional 2,800 shares during the last quarter. Colony Group LLC increased its stake in Sunstone Hotel Investors by 2.2% in the second quarter. Colony Group LLC now owns 136,244 shares of the real estate investment trust’s stock valued at $1,868,000 after purchasing an additional 2,984 shares during the last quarter. Finally, Profund Advisors LLC increased its stake in Sunstone Hotel Investors by 18.3% in the second quarter. Profund Advisors LLC now owns 20,094 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 3,104 shares during the last quarter.
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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