Sunstone Hotel Investors Inc (NYSE:SHO) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.40.
SHO has been the topic of a number of recent analyst reports. Zacks Investment Research lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Deutsche Bank reiterated a “hold” rating and issued a $16.00 target price on shares of Sunstone Hotel Investors in a research note on Thursday, February 14th.
SHO stock traded up $0.16 during midday trading on Tuesday, reaching $14.66. The company’s stock had a trading volume of 1,019,716 shares, compared to its average volume of 2,221,924. The company has a quick ratio of 3.90, a current ratio of 3.90 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors has a 1 year low of $12.70 and a 1 year high of $17.60. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 12.53, a PEG ratio of 2.28 and a beta of 1.14.
Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Sunstone Hotel Investors had a return on equity of 10.02% and a net margin of 21.61%. The business had revenue of $280.85 million for the quarter, compared to analyst estimates of $275.14 million. During the same quarter last year, the firm posted $0.28 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. Research analysts expect that Sunstone Hotel Investors will post 1.07 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a dividend of $0.05 per share. The ex-dividend date was Thursday, March 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.36%. Sunstone Hotel Investors’s dividend payout ratio is currently 17.09%.
Institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its stake in shares of Sunstone Hotel Investors by 6,800.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the real estate investment trust’s stock valued at $90,000 after buying an additional 6,800 shares during the period. Hartford Investment Management Co. purchased a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at $131,000. Oppenheimer & Co. Inc. purchased a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at $135,000. Quantamental Technologies LLC purchased a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at $142,000. Finally, Quantitative Systematic Strategies LLC purchased a new position in shares of Sunstone Hotel Investors during the first quarter valued at $185,000.
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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