Sunstone Hotel Investors (NYSE:SHO) Given New $12.00 Price Target at Jefferies Financial Group

Sunstone Hotel Investors (NYSE:SHO) had its price objective boosted by Jefferies Financial Group from $10.00 to $12.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Separately, Wells Fargo & Company raised their price objective on Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Sunstone Hotel Investors presently has a consensus rating of “Hold” and an average target price of $12.17.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO opened at $11.65 on Thursday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The business’s fifty day moving average price is $11.18 and its two-hundred day moving average price is $10.56. The stock has a market cap of $2.34 billion, a PE ratio of 15.33, a price-to-earnings-growth ratio of 6.45 and a beta of 1.25. Sunstone Hotel Investors has a one year low of $9.39 and a one year high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $226.40 million for the quarter, compared to analysts’ expectations of $224.61 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.23 EPS. On average, analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.09 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.09%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 44.74%.

Institutional Trading of Sunstone Hotel Investors

A number of institutional investors have recently modified their holdings of SHO. Allspring Global Investments Holdings LLC lifted its position in Sunstone Hotel Investors by 8,623.5% during the second quarter. Allspring Global Investments Holdings LLC now owns 11,515 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 11,383 shares in the last quarter. Van ECK Associates Corp increased its holdings in Sunstone Hotel Investors by 5.5% in the 2nd quarter. Van ECK Associates Corp now owns 31,119 shares of the real estate investment trust’s stock valued at $326,000 after purchasing an additional 1,635 shares in the last quarter. Foundry Partners LLC purchased a new position in Sunstone Hotel Investors in the second quarter valued at about $564,000. American Century Companies Inc. lifted its stake in shares of Sunstone Hotel Investors by 170.5% during the second quarter. American Century Companies Inc. now owns 199,580 shares of the real estate investment trust’s stock worth $2,088,000 after purchasing an additional 125,809 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of Sunstone Hotel Investors in the second quarter worth about $34,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Company Profile

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.