Sunstone Hotel Investors (NYSE:SHO) Hits New 1-Year Low - Time to Sell?

Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as $8.06 and last traded at $8.33, with a volume of 3218093 shares changing hands. The stock had previously closed at $8.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SHO shares. Evercore ISI decreased their target price on Sunstone Hotel Investors from $12.00 to $10.00 and set an "in-line" rating for the company in a research report on Monday, April 28th. Morgan Stanley lowered their target price on shares of Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group decreased their price target on shares of 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 cut their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 18th. Finally, Bank of America raised Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price target on the stock in a research report on Wednesday, April 30th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $10.44.

Sunstone Hotel Investors Stock Down 3.0 %

The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 4.52 and a beta of 1.25. The business has a 50 day moving average of $9.10 and a 200 day moving average of $10.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. During the same period in the previous year, the business posted $0.18 earnings per share. The company's quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.09 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.32%. Sunstone Hotel Investors's payout ratio is presently 257.14%.

Institutional Trading of Sunstone Hotel Investors

Several institutional investors have recently bought and sold shares of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sunstone Hotel Investors during the 4th quarter worth about $33,000. Smartleaf Asset Management LLC grew its stake in Sunstone Hotel Investors by 442.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust's stock worth $36,000 after buying an additional 2,448 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Sunstone Hotel Investors by 114.1% during the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock worth $39,000 after buying an additional 1,743 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Sunstone Hotel Investors in the fourth quarter valued at approximately $42,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Sunstone Hotel Investors by 805.2% in the 4th quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 5,701 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company's stock.

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.