Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $12.20 Consensus Target Price from Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $12.20.

Separately, Wells Fargo & Company lifted their price objective on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, December 9th.

Sunstone Hotel Investors Trading Down 0.6 %

SHO opened at $12.01 on Monday. Sunstone Hotel Investors has a 52 week low of $9.39 and a 52 week high of $12.41. The company has a market capitalization of $2.41 billion, a P/E ratio of 15.80, a PEG ratio of 6.45 and a beta of 1.25. The stock’s fifty day moving average is $10.88 and its two-hundred day moving average is $10.45. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm had revenue of $226.40 million during the quarter, compared to the consensus estimate of $224.61 million. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The business’s revenue was down 8.6% compared to the same quarter last year. Analysts forecast that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Sunstone Hotel Investors’s dividend payout ratio is currently 44.74%.

Institutional Trading of Sunstone Hotel Investors

Institutional investors have recently made changes to their positions in the business. Federated Hermes Inc. acquired a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at $34,000. Quarry LP grew its holdings in 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 acquiring an additional 3,680 shares during the period. 1620 Investment Advisors Inc. purchased a new position in Sunstone Hotel Investors during the second quarter valued at approximately $52,000. Harbor Capital Advisors Inc. acquired a new position in Sunstone Hotel Investors in the third quarter valued at approximately $59,000. Finally, Blue Trust Inc. boosted its position in Sunstone Hotel Investors by 342.9% in the 2nd quarter. Blue Trust Inc. now owns 7,406 shares of the real estate investment trust’s stock worth $83,000 after purchasing an additional 5,734 shares in the last quarter. Institutional investors and hedge funds 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.