Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Average Recommendation of "Hold" by Analysts

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) have received a consensus rating of "Hold" from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $10.00.

A number of equities analysts have weighed in on the company. Evercore ISI upgraded Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 price target for the company in a report on Friday, May 16th. Morgan Stanley decreased their price target on Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group decreased their price target on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Wells Fargo & Company decreased their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Finally, Bank of America upgraded Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 target price for the company in a research note on Wednesday, April 30th.

Sunstone Hotel Investors Stock Up 1.3%

NYSE SHO opened at $8.77 on Monday. The stock has a market cap of $1.74 billion, a PE ratio of 11.53, a P/E/G ratio of 4.52 and a beta of 1.27. Sunstone Hotel Investors has a fifty-two week low of $7.45 and a fifty-two week high of $12.41. The business has a 50 day moving average price of $8.53 and a two-hundred day moving average price of $10.23. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The firm had revenue of $234.07 million during the quarter, compared to analysts' expectations of $243.34 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. Sunstone Hotel Investors's quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 EPS. As a group, sell-side analysts predict that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.11%. The ex-dividend date is Monday, June 30th. Sunstone Hotel Investors's dividend payout ratio is currently 360.00%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several institutional investors and hedge funds have recently made changes to their positions in SHO. Barclays PLC raised its position in shares of Sunstone Hotel Investors by 304.9% during the 3rd quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust's stock valued at $3,540,000 after acquiring an additional 258,302 shares in the last quarter. KBC Group NV raised its position in shares of Sunstone Hotel Investors by 55.4% during the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust's stock valued at $108,000 after acquiring an additional 3,249 shares in the last quarter. abrdn plc raised its position in shares of Sunstone Hotel Investors by 63.1% during the 4th quarter. abrdn plc now owns 71,833 shares of the real estate investment trust's stock valued at $850,000 after acquiring an additional 27,778 shares in the last quarter. Entropy Technologies LP acquired a new stake in shares of Sunstone Hotel Investors during the 4th quarter valued at approximately $276,000. Finally, Van ECK Associates Corp raised its position in shares of Sunstone Hotel Investors by 10.2% during the 4th quarter. Van ECK Associates Corp now owns 38,526 shares of the real estate investment trust's stock valued at $456,000 after acquiring an additional 3,570 shares in the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.

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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