Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $11.71 Consensus Target Price from Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $11.71.

A number of research analysts have commented on SHO shares. Jefferies Financial Group lifted their price objective on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley restated an “underweight” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company decreased 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.

Sunstone Hotel Investors Trading Down 0.2 %

NYSE:SHO opened at $10.46 on Friday. The company has a market capitalization of $2.10 billion, a PE ratio of 13.76, a P/E/G ratio of 4.52 and a beta of 1.20. Sunstone Hotel Investors has a 52-week low of $9.39 and a 52-week high of $12.41. The stock’s 50 day moving average price is $11.43 and its 200 day moving average price is $10.91. 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) last announced its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. On average, research analysts anticipate that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.44%. The ex-dividend date of this dividend is Monday, March 31st. Sunstone Hotel Investors’s payout ratio is 257.14%.

Institutional Trading of Sunstone Hotel Investors

Several hedge funds have recently modified their holdings of SHO. Principal Financial Group Inc. grew its holdings in Sunstone Hotel Investors by 645.6% during the fourth quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust’s stock worth $98,929,000 after acquiring an additional 7,234,862 shares during the period. GRS Advisors LLC acquired a new position in shares of Sunstone Hotel Investors during the 4th quarter worth $22,980,000. Woodline Partners LP purchased a new position in shares of Sunstone Hotel Investors in the 4th quarter valued at about $17,309,000. Centersquare Investment Management LLC acquired a new stake in shares of Sunstone Hotel Investors in the fourth quarter valued at about $15,653,000. Finally, Bank of America Corp DE boosted its holdings in Sunstone Hotel Investors by 23.0% during the fourth quarter. Bank of America Corp DE now owns 6,567,535 shares of the real estate investment trust’s stock worth $77,760,000 after buying an additional 1,229,769 shares in the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.

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.