Sunstone Hotel Investors Inc (SHO) Given Consensus Recommendation of “Hold” by Brokerages

Sunstone Hotel Investors Inc (NYSE:SHO) has been assigned an average recommendation of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $16.06.

A number of equities research analysts recently weighed in on SHO shares. Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. FBR & Co restated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Tuesday, October 31st. Robert W. Baird set a $17.00 price target on Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Monday, October 23rd. Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Finally, B. Riley set a $16.00 price target on Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Monday.

Shares of Sunstone Hotel Investors (SHO) opened at $15.77 on Wednesday. Sunstone Hotel Investors has a 12 month low of $14.15 and a 12 month high of $17.46. The stock has a market capitalization of $3,550.00, a P/E ratio of 27.67, a PEG ratio of 2.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.75 and a current ratio of 4.76.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.19). Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The company had revenue of $290.19 million for the quarter, compared to the consensus estimate of $284.59 million. During the same quarter in the prior year, the company earned $0.29 EPS. The company’s revenue for the quarter was up .2% on a year-over-year basis. research analysts forecast that Sunstone Hotel Investors will post 1.2 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, March 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 407.02%.

In other Sunstone Hotel Investors news, CFO Bryan Albert Giglia sold 18,426 shares of the 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 transaction, the chief financial officer now owns 229,833 shares in the company, valued at approximately $3,845,106.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.84% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of SHO. Rothschild Asset Management Inc. bought a new position in Sunstone Hotel Investors during the 3rd quarter worth $13,013,000. Daiwa Securities Group Inc. increased its position in Sunstone Hotel Investors by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,046,576 shares of the real estate investment trust’s stock worth $232,190,000 after buying an additional 754,542 shares during the period. Adelante Capital Management LLC increased 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 buying an additional 584,135 shares during the period. JPMorgan Chase & Co. increased its position in Sunstone Hotel Investors by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,531,026 shares of the real estate investment trust’s stock worth $105,148,000 after buying an additional 554,518 shares during the period. Finally, BlackRock Inc. increased its position in Sunstone Hotel Investors by 2.6% during the 4th quarter. BlackRock Inc. now owns 21,207,320 shares of the real estate investment trust’s stock worth $350,558,000 after buying an additional 544,188 shares during the period.

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About Sunstone Hotel Investors

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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