Sunstone Hotel Investors (NYSE:SHO) declared a quarterly dividend on Tuesday, November 12th, American Banking and Market News reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.05 per share on Wednesday, January 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Friday, December 27th.
Several analysts have recently commented on the stock. Analysts at ISI Group downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, October 29th. On a related note, analysts at Stifel Nicolaus downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 28th. They now have a $14.00 price target on the stock. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Sunstone Hotel Investors currently has a consensus rating of “Hold” and an average target price of $13.21.
Sunstone Hotel Investors (NYSE:SHO) opened at 13.16 on Wednesday. Sunstone Hotel Investors has a 52 week low of $9.19 and a 52 week high of $14.10. The stock has a 50-day moving average of $13.17 and a 200-day moving average of $12.68. The company has a market cap of $2.143 billion and a P/E ratio of 28.42.
Sunstone Hotel Investors (NYSE:SHO) last released its earnings data on Tuesday, November 12th. The company reported $0.30 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.29 by $0.01. The company had revenue of $250.40 million for the quarter, compared to the consensus estimate of $244.21 million. During the same quarter last year, the company posted $0.23 earnings per share. Sunstone Hotel Investors’s revenue was up 22.1% compared to the same quarter last year. Analysts expect that Sunstone Hotel Investors will post $0.96 EPS for the current fiscal year.
Sunstone Hotel Investors, Incis a real estate investment trust (NYSE:SHO).
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