Citigroup Inc. Reiterates “Neutral” Rating for Sunstone Hotel Investors (SHO)
Sunstone Hotel Investors (NYSE:SHO)‘s stock had its “neutral” rating restated by Citigroup Inc. in a research note issued on Wednesday. They currently have a $15.00 target price on the stock, up from their previous target price of $14.00. Citigroup Inc.’s target price would indicate a potential upside of 1.97% from the company’s current price.
Sunstone Hotel Investors (NYSE:SHO) traded down 0.27% on Wednesday, hitting $14.67. 675,218 shares of the company’s stock traded hands. Sunstone Hotel Investors has a 1-year low of $12.01 and a 1-year high of $15.39. The stock’s 50-day moving average is $14. and its 200-day moving average is $14.15. The company has a market cap of $3.014 billion and a price-to-earnings ratio of 57.02.
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. Analysts expect that Sunstone Hotel Investors will post $1.13 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors 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 1.36%. The ex-dividend date is Friday, September 26th.
SHO has been the subject of a number of other recent research reports. 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. 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 company. The company presently has a consensus rating of “Hold” and an average price target of $14.67.
Sunstone Hotel Investors, Inc, is a real estate investment trust (NYSE:SHO).
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