Sunstone Hotel Investors, Inc. is a lodging real estate investment trust ("REIT") that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone's business is to acquire, own, asset manage and renovate or reposition 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.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. Evercore ISI reissued an "outperform" rating and issued a $13.00 price objective on shares of Sunstone Hotel Investors in a report on Monday, July 11th. StockNews.com raised shares of Sunstone Hotel Investors from a "sell" rating to a "hold" rating in a research note on Tuesday, July 5th. Finally, Truist Financial raised their price target on shares of Sunstone Hotel Investors from $11.00 to $12.00 and gave the stock a "hold" rating in a report on Wednesday, June 1st. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $12.57.
Sunstone Hotel Investors Trading Up 0.8 %
SHO traded up $0.09 during mid-day trading on Friday, hitting $11.77. 88,053 shares of the stock were exchanged, compared to its average volume of 7,151,643. The firm's fifty day moving average is $10.61 and its two-hundred day moving average is $11.20. Sunstone Hotel Investors has a 1-year low of $9.30 and a 1-year high of $13.91. The company has a market cap of $2.50 billion, a PE ratio of 17.18 and a beta of 1.24. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.44.
Sunstone Hotel Investors Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.20 annualized dividend and a dividend yield of 1.70%.