Sunstone Hotel Investors Inc. (SHO) Announces Quarterly Dividend of $0.05
Sunstone Hotel Investors (NYSE:SHO) declared a quarterly dividend on Friday, February 21st, Stock Ratings News reports. Investors of record on Monday, March 31st will be given a dividend of 0.05 per share on Tuesday, April 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, March 27th.
A number of research firms have recently commented on SHO. Analysts at Ned Davis Research downgraded shares of Sunstone Hotel Investors from a “neutral” rating to a “sell” rating in a research note on Monday, February 10th. Finally, analysts at ISI Group upgraded shares of Sunstone Hotel Investors from a “neutral” rating to a “buy” rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus price target of $14.07.
Shares of Sunstone Hotel Investors (NYSE:SHO) traded down 0.22% on Friday, hitting $13.35. 2,331,053 shares of the company’s stock traded hands. Sunstone Hotel Investors has a 1-year low of $11.04 and a 1-year high of $14.10. The stock’s 50-day moving average is $13.13 and its 200-day moving average is $13.02. The company has a market cap of $2.441 billion and a price-to-earnings ratio of 42.48.
Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.23 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.23. The company had revenue of $243.90 million for the quarter, compared to the consensus estimate of $243.41 million. On average, analysts predict that Sunstone Hotel Investors will post $1.17 earnings per share for the current fiscal year.
Sunstone Hotel Investors, Incis a real estate investment trust (NYSE:SHO).
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