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Sunstone Hotel Investors (NYSE:SHO) announced a quarterly dividend on Friday, August 8th, Analyst RN reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.05 per share on Wednesday, October 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.40%. The ex-dividend date is Friday, September 26th.

A number of analysts have recently weighed in on SHO shares. Analysts at ISI Group initiated coverage on shares of Sunstone Hotel Investors in a research note on Wednesday, July 23rd. They set a “neutral” rating and a $14.50 price target on the stock. On the ratings front, analysts at Robert W. Baird downgraded shares of Sunstone Hotel Investors from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $16.00 price target on the stock, up previously from $15.00. Finally, analysts at Wells Fargo & Co. downgraded shares of Sunstone Hotel Investors from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Sunstone Hotel Investors has an average rating of “Hold” and a consensus price target of $14.67.

Sunstone Hotel Investors (NYSE:SHO) traded up 0.42% during mid-day trading on Friday, hitting $14.24. The stock had a trading volume of 2,002,853 shares. Sunstone Hotel Investors has a 1-year low of $11.86 and a 1-year high of $15.39. The stock has a 50-day moving average of $14.7 and a 200-day moving average of $14.06. The company has a market cap of $2.611 billion and a price-to-earnings ratio of 115.28.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.39. The company had revenue of $300.85 million for the quarter, compared to the consensus estimate of $285.39 million. During the same quarter in the previous year, the company posted $0.30 earnings per share. The company’s revenue for the quarter was up 28.2% on a year-over-year basis. On average, analysts predict that Sunstone Hotel Investors will post $1.13 earnings per share for the current fiscal year.

Sunstone Hotel Investors, Inc, is a real estate investment trust (NYSE:SHO).

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