Shares of Sunstone Hotel Investors Inc (NYSE:SHO) have received an average rating of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $16.40.
A number of brokerages recently issued reports on SHO. Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Thursday, February 21st. Deutsche Bank reiterated a “hold” rating and set a $16.00 price objective on shares of Sunstone Hotel Investors in a research note on Thursday, February 14th.
A number of hedge funds have recently bought and sold shares of SHO. PGGM Investments boosted its stake in Sunstone Hotel Investors by 124.8% in the 4th quarter. PGGM Investments now owns 11,977,005 shares of the real estate investment trust’s stock worth $155,821,000 after purchasing an additional 6,650,000 shares during the period. Norges Bank bought a new position in Sunstone Hotel Investors in the 4th quarter worth approximately $33,269,000. Elliott Management Corp bought a new position in Sunstone Hotel Investors in the 4th quarter worth approximately $19,106,000. Principal Financial Group Inc. boosted its stake in Sunstone Hotel Investors by 11.8% in the 4th quarter. Principal Financial Group Inc. now owns 13,432,836 shares of the real estate investment trust’s stock worth $174,762,000 after purchasing an additional 1,422,768 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in Sunstone Hotel Investors by 15.5% in the 4th quarter. Nuveen Asset Management LLC now owns 6,741,243 shares of the real estate investment trust’s stock worth $87,704,000 after purchasing an additional 906,701 shares during the period.
Shares of NYSE:SHO traded up $0.16 during mid-day trading on Tuesday, reaching $14.66. 1,019,716 shares of the company traded hands, compared to its average volume of 2,221,924. The company has a market cap of $3.35 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 2.28 and a beta of 1.14. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors has a 52 week low of $12.70 and a 52 week high of $17.60.
Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. The company had revenue of $280.85 million during the quarter, compared to the consensus estimate of $275.14 million. Sunstone Hotel Investors had a return on equity of 10.02% and a net margin of 21.61%. The firm’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.28 EPS. Equities research analysts predict that Sunstone Hotel Investors will post 1.07 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.05 dividend. The ex-dividend date was Thursday, March 28th. This represents a $0.20 annualized dividend and a yield of 1.36%. Sunstone Hotel Investors’s payout ratio is 17.09%.
About Sunstone Hotel Investors
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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