Sunstone Hotel Investors Inc (SHO) Receives Average Rating of “Hold” from Analysts

Shares of Sunstone Hotel Investors Inc (NYSE:SHO) have received a consensus recommendation of “Hold” from the fifteen research firms that are covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $16.07.

A number of research analysts recently issued reports on the company. Raymond James Financial restated a “market perform” rating on shares of Sunstone Hotel Investors in a research report on Monday, January 8th. Wells Fargo & Co restated a “market perform” rating and set a $17.50 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, December 19th. JPMorgan Chase & Co. lowered Sunstone Hotel Investors from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research report on Thursday, November 16th. B. Riley restated a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd.

In other Sunstone Hotel Investors news, CFO Bryan Albert Giglia sold 18,426 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction of $308,266.98. Following the completion of the transaction, the chief financial officer now owns 229,833 shares in the company, valued at approximately $3,845,106.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.84% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SHO. Vanguard Group Inc. boosted its position in Sunstone Hotel Investors by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after acquiring an additional 1,619,745 shares during the period. Ameriprise Financial Inc. boosted its position in Sunstone Hotel Investors by 49.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,643,022 shares of the real estate investment trust’s stock worth $42,605,000 after acquiring an additional 873,060 shares during the period. Rothschild Asset Management Inc. acquired a new position in Sunstone Hotel Investors during the 3rd quarter worth $13,013,000. Adelante Capital Management LLC boosted its position in Sunstone Hotel Investors by 133.9% during the 3rd quarter. Adelante Capital Management LLC now owns 1,020,403 shares of the real estate investment trust’s stock worth $16,398,000 after acquiring an additional 584,135 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in Sunstone Hotel Investors by 77.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,318,463 shares of the real estate investment trust’s stock worth $21,253,000 after acquiring an additional 574,604 shares during the period.

Shares of Sunstone Hotel Investors (NYSE SHO) opened at $16.76 on Friday. Sunstone Hotel Investors has a twelve month low of $14.15 and a twelve month high of $17.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75. The firm has a market capitalization of $3,816.95, a P/E ratio of 25.02, a PEG ratio of 2.79 and a beta of 1.11.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The business had revenue of $303.91 million during the quarter, compared to the consensus estimate of $299.90 million. During the same period in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was up .2% on a year-over-year basis. sell-side analysts predict that Sunstone Hotel Investors will post 1.2 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st were given a dividend of $0.58 per share. This represents a $2.32 dividend on an annualized basis and a yield of 13.84%. The ex-dividend date of this dividend was Thursday, December 28th. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. Sunstone Hotel Investors’s payout ratio is 346.27%.

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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 (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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