Sunstone Hotel Investors Receives Consensus Rating of “Hold” from Brokerages (NYSE:SHO)
Sunstone Hotel Investors (NYSE:SHO) has been given a consensus recommendation of “Hold” by the thirteen ratings firms that are covering the company, AnalystRatingsNetwork reports. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $14.28.
In other Sunstone Hotel Investors news, SVP Lindsay Newton Monge sold 7,521 shares of Sunstone Hotel Investors stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $14.22, for a total value of $106,948.62. Following the sale, the senior vice president now directly owns 90,841 shares of the company’s stock, valued at approximately $1,291,759. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Citigroup Inc. reiterated an “equal weight” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, May 7th. They now have a $15.00 price target on the stock, up previously from $13.00. Separately, analysts at SunTrust raised their price target on shares of Sunstone Hotel Investors from $13.00 to $14.00 in a research note on Thursday, April 10th. Finally, analysts at FBR Capital Markets raised their price target on shares of Sunstone Hotel Investors from $15.00 to $16.00 in a research note on Thursday, April 10th.
Sunstone Hotel Investors (NYSE:SHO) opened at 14.197 on Friday. Sunstone Hotel Investors has a one year low of $11.08 and a one year high of $14.70. The stock’s 50-day moving average is $13.99 and its 200-day moving average is $13.45. The company has a market cap of $2.603 billion and a price-to-earnings ratio of 114.07.
Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, May 5th. The company reported $0.15 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.01. The company had revenue of $243.48 million for the quarter, compared to the consensus estimate of $235.06 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 24.9% on a year-over-year basis. On average, analysts predict that Sunstone Hotel Investors will post $1.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. The ex-dividend date is Thursday, June 26th.
Sunstone Hotel Investors, Inc is a real estate investment trust (NYSE:SHO).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.