Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $11.42.

A number of analysts have commented on the company. Wolfe Research raised Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Wednesday, July 10th. StockNews.com cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company raised Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price target for the company in a research report on Friday, September 13th.

Hedge Funds Weigh In On Sunstone Hotel Investors

Institutional investors and hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC purchased a new position in shares of Sunstone Hotel Investors in the 1st quarter valued at about $30,000. Federated Hermes Inc. purchased a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $34,000. Quarry LP increased its stake in shares of Sunstone Hotel Investors by 584.1% in the 2nd quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 3,680 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of Sunstone Hotel Investors in the 1st quarter valued at about $49,000. Finally, 1620 Investment Advisors Inc. purchased a new stake in Sunstone Hotel Investors during the 2nd quarter worth approximately $52,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Trading Down 0.9 %

Shares of NYSE:SHO opened at $10.23 on Wednesday. Sunstone Hotel Investors has a 12-month low of $9.03 and a 12-month high of $11.59. The business’s fifty day simple moving average is $10.17 and its 200-day simple moving average is $10.34. The company has a market capitalization of $2.08 billion, a PE ratio of 11.37, a P/E/G ratio of 4.46 and a beta of 1.25. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.43.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The company had revenue of $247.50 million during the quarter, compared to analysts’ expectations of $248.12 million. Sunstone Hotel Investors had a net margin of 19.51% and a return on equity of 9.75%. The company’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. As a group, equities research analysts predict that Sunstone Hotel Investors will post 0.88 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.52%. Sunstone Hotel Investors’s payout ratio is currently 33.33%.

Sunstone Hotel Investors Company Profile

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.