Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Average Recommendation of “Moderate Buy” by Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $11.42.

SHO has been the subject of several recent research reports. Wolfe Research raised Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research report on Wednesday, July 10th. Wells Fargo & Company raised Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price target for the company in a research report on Friday, September 13th. Finally, StockNews.com cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Sunstone Hotel Investors Stock Up 3.1 %

SHO stock opened at $10.47 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.75 and a quick ratio of 3.75. The stock has a market capitalization of $2.13 billion, a P/E ratio of 11.63, a P/E/G ratio of 4.33 and a beta of 1.24. The business has a 50-day moving average of $10.17 and a 200-day moving average of $10.33. Sunstone Hotel Investors has a fifty-two week low of $9.03 and a fifty-two week high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.16). The firm had revenue of $247.50 million for the quarter, compared to analyst estimates of $248.12 million. Sunstone Hotel Investors had a return on equity of 9.75% and a net margin of 19.51%. The firm’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 earnings per share. On average, sell-side analysts anticipate that Sunstone Hotel Investors will post 0.89 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.36 annualized dividend and a yield of 3.44%. Sunstone Hotel Investors’s dividend payout ratio is 35.56%.

Institutional Trading of Sunstone Hotel Investors

Several institutional investors and hedge funds have recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Sunstone Hotel Investors in the second quarter valued at approximately $2,165,000. Truist Financial Corp increased its stake in shares of Sunstone Hotel Investors by 7.0% during the second quarter. Truist Financial Corp now owns 47,223 shares of the real estate investment trust’s stock worth $494,000 after purchasing an additional 3,098 shares during the period. Quarry LP increased its stake in shares of Sunstone Hotel Investors by 584.1% during the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 3,680 shares during the period. Algert Global LLC bought a new position in shares of Sunstone Hotel Investors during the second quarter worth approximately $1,187,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Sunstone Hotel Investors by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 2,651,189 shares of the real estate investment trust’s stock worth $27,731,000 after purchasing an additional 25,086 shares during the period. Institutional investors own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.