Sunstone Hotel Investors Given Average Recommendation of “Hold” by Analysts (NYSE:SHO)
Shares of Sunstone Hotel Investors (NYSE:SHO) have received an average rating of “Hold” from the eleven analysts that are covering the stock, Stock Ratings Network reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $14.67.
A number of research firms have recently commented on SHO. 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. Separately, 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.
Sunstone Hotel Investors (NYSE:SHO) opened at 14.34 on Thursday. Sunstone Hotel Investors has a 52 week low of $11.86 and a 52 week high of $15.39. The stock has a 50-day moving average of $14.68 and a 200-day moving average of $14.10. The company has a market cap of $2.946 billion and a price-to-earnings ratio of 56.09.
Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results 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.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.39%. The ex-dividend date is Friday, September 26th.
Sunstone Hotel Investors, Inc, is a real estate investment trust (NYSE:SHO).
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