Sunstone Hotel Investors, Inc. (NYSE:SHO) has received an average recommendation of “Hold” from the thirteen brokerages that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $15.56.

Several research analysts have commented on the stock. BidaskClub cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Friday, June 23rd. Robert W. Baird reaffirmed a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Sunstone Hotel Investors in a research note on Friday, June 16th. Finally, Canaccord Genuity upped their price target on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd.

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Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio lifted its holdings in shares of Sunstone Hotel Investors by 8.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 276,094 shares of the real estate investment trust’s stock worth $4,451,000 after acquiring an additional 21,161 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Sunstone Hotel Investors by 3.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 609 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of Sunstone Hotel Investors by 58.0% during the 2nd quarter. Susquehanna International Group LLP now owns 382,040 shares of the real estate investment trust’s stock worth $6,158,000 after purchasing an additional 140,296 shares in the last quarter. Assetmark Inc. increased its position in shares of Sunstone Hotel Investors by 3.7% during the 2nd quarter. Assetmark Inc. now owns 605,091 shares of the real estate investment trust’s stock worth $9,754,000 after purchasing an additional 21,631 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Sunstone Hotel Investors by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 167,398 shares of the real estate investment trust’s stock worth $2,699,000 after purchasing an additional 1,277 shares in the last quarter.

Shares of Sunstone Hotel Investors (SHO) opened at 15.82 on Friday. The company has a 50-day moving average of $15.75 and a 200-day moving average of $15.63. The firm has a market cap of $3.56 billion, a P/E ratio of 20.52 and a beta of 1.17. Sunstone Hotel Investors has a 12 month low of $12.14 and a 12 month high of $16.86.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The firm had revenue of $318.80 million during the quarter, compared to analysts’ expectations of $316.96 million. During the same quarter in the prior year, the firm earned $0.39 EPS. Sunstone Hotel Investors’s quarterly revenue was down 1.0% on a year-over-year basis. Equities analysts forecast that Sunstone Hotel Investors will post $0.69 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Thursday, September 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 25.64%.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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