Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO – Get Free Report) have been assigned an average rating of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.57.
Several research firms recently weighed in on SHO. StockNews.com raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Thursday. Truist Financial dropped their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Compass Point raised Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and upped their target price for the stock from $10.00 to $12.00 in a research report on Tuesday, May 7th. Robert W. Baird raised Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $11.00 to $12.00 in a research report on Tuesday, May 28th. Finally, Baird R W raised Sunstone Hotel Investors to a “strong-buy” rating in a research report on Tuesday, May 28th.
Read Our Latest Stock Analysis on Sunstone Hotel Investors
Institutional Trading of Sunstone Hotel Investors
Sunstone Hotel Investors Trading Up 0.3 %
Shares of NYSE SHO opened at $10.13 on Monday. Sunstone Hotel Investors has a 12 month low of $8.61 and a 12 month high of $11.59. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 4.80 and a beta of 1.23. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $10.66.
Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). Sunstone Hotel Investors had a net margin of 20.69% and a return on equity of 10.75%. The company had revenue of $217.17 million for the quarter, compared to analysts’ expectations of $212.00 million. Sell-side analysts predict that Sunstone Hotel Investors will post 0.89 EPS for the current year.
Sunstone Hotel Investors Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.09 per share. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 3.55%. Sunstone Hotel Investors’s dividend payout ratio is presently 28.89%.
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.
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