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

Key Points

• Sunstone Hotel Investors, Inc. has received an average recommendation of "Hold" from analysts, with two analysts rating it as a sell, four as a hold, and two as a buy.
• The company recently declared a quarterly dividend of $0.09 per share, reflecting an annualized yield of 4.1%, with a payout ratio currently at 1,800.00%.
• Shares of Sunstone Hotel Investors are down 2.0% and opened at $8.83, having a 52-week range between $7.45 and $12.41.

Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) has earned a consensus rating of "Hold" from the eight research firms that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $8.9286.

A number of research firms have weighed in on SHO. Wall Street Zen lowered Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Wells Fargo & Company upgraded Sunstone Hotel Investors to a "hold" rating in a report on Friday, October 3rd. Evercore ISI upped their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. began coverage on Sunstone Hotel Investors in a report on Monday, June 23rd. They set an "underweight" rating and a $8.00 target price for the company. Finally, Weiss Ratings restated a "hold (c-)" rating on shares of Sunstone Hotel Investors in a report on Wednesday.

Hedge Funds Weigh In On Sunstone Hotel Investors

A number of large investors have recently made changes to their positions in the business. State Street Corp increased its position in shares of Sunstone Hotel Investors by 4.9% during the second quarter. State Street Corp now owns 12,179,383 shares of the real estate investment trust's stock worth $106,784,000 after purchasing an additional 571,619 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Sunstone Hotel Investors by 5.2% during the first quarter. Principal Financial Group Inc. now owns 8,793,005 shares of the real estate investment trust's stock worth $82,742,000 after purchasing an additional 437,433 shares in the last quarter. Bank of America Corp DE increased its position in shares of Sunstone Hotel Investors by 13.6% during the second quarter. Bank of America Corp DE now owns 7,240,157 shares of the real estate investment trust's stock worth $62,845,000 after purchasing an additional 867,137 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Sunstone Hotel Investors by 16.8% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,474,886 shares of the real estate investment trust's stock worth $51,519,000 after purchasing an additional 788,397 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Sunstone Hotel Investors during the second quarter worth $41,332,000. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Stock Down 2.0%

Shares of NYSE:SHO opened at $8.83 on Friday. Sunstone Hotel Investors has a 1 year low of $7.45 and a 1 year high of $12.41. The business has a 50 day simple moving average of $9.31 and a two-hundred day simple moving average of $8.92. The firm has a market capitalization of $1.68 billion, a PE ratio of 441.72, a price-to-earnings-growth ratio of 3.23 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.73 and a quick ratio of 2.73.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The firm had revenue of $259.77 million during the quarter, compared to analyst estimates of $256.68 million. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.Sunstone Hotel Investors's quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share. On average, equities analysts predict that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.1%. Sunstone Hotel Investors's dividend payout ratio is presently 1,800.00%.

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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