Sunstone Hotel Investors, Inc. (NYSE:SHO) declared a quarterly dividend on Monday, December 11th, Zacks reports. Shareholders of record on Sunday, December 31st will be paid a dividend of 0.58 per share by the real estate investment trust on Tuesday, January 16th. This represents a $2.32 annualized dividend and a yield of 13.93%. The ex-dividend date is Thursday, December 28th. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.05.

Sunstone Hotel Investors has raised its dividend payment by an average of 44.2% annually over the last three years. Sunstone Hotel Investors has a dividend payout ratio of 16.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Sunstone Hotel Investors to earn $1.23 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 16.3%.

Sunstone Hotel Investors (SHO) traded down $0.06 on Tuesday, hitting $16.65. 2,333,800 shares of the stock traded hands, compared to its average volume of 1,909,192. Sunstone Hotel Investors has a 52 week low of $14.15 and a 52 week high of $17.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.75 and a current ratio of 4.76. The firm has a market capitalization of $3,765.13, a PE ratio of 13.70, a PEG ratio of 2.80 and a beta of 1.11.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The company had revenue of $303.91 million during the quarter, compared to analysts’ expectations of $299.90 million. During the same period in the prior year, the company posted $0.33 earnings per share. Sunstone Hotel Investors’s revenue for the quarter was up .2% compared to the same quarter last year. equities research analysts anticipate that Sunstone Hotel Investors will post 1.2 EPS for the current fiscal year.

SHO has been the subject of several recent analyst reports. BidaskClub cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. DA Davidson reiterated a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, September 6th. Robert W. Baird reiterated a “hold” rating and set a $17.00 price objective on shares of Sunstone Hotel Investors in a research report on Thursday, September 21st. FBR & Co reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus target price of $15.89.

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Sunstone Hotel Investors Company Profile

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.

Dividend History for Sunstone Hotel Investors (NYSE:SHO)

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