Sunstone Hotel Investors, Inc. Plans Quarterly Dividend of $0.09 (NYSE:SHO)

Sunstone Hotel Investors, Inc. (NYSE:SHO) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Wednesday, December 31st will be paid a dividend of 0.09 per share by the real estate investment trust on Thursday, January 15th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

Sunstone Hotel Investors has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 2 years. Sunstone Hotel Investors has a dividend payout ratio of 189.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Sunstone Hotel Investors to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 37.1%.

Sunstone Hotel Investors Stock Performance

Shares of SHO stock traded up $0.17 during trading on Friday, reaching $9.45. The company had a trading volume of 2,272,516 shares, compared to its average volume of 2,234,598. Sunstone Hotel Investors has a one year low of $7.45 and a one year high of $12.41. The firm’s 50 day simple moving average is $9.34 and its two-hundred day simple moving average is $9.00. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.73 and a quick ratio of 2.73. The company has a market capitalization of $1.79 billion, a PE ratio of 472.49, a PEG ratio of 5.32 and a beta of 1.28.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. The business had revenue of $229.32 million for the quarter, compared to analyst estimates of $226.05 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Sunstone Hotel Investors’s revenue was up 1.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. Sell-side analysts forecast that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

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.