Sunstone Hotel Investors (NYSE:SHO) issued an update on its first quarter earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.18-0.20 for the period, compared to the Thomson Reuters consensus estimate of $0.22. Sunstone Hotel Investors also updated its FY18 guidance to $1.05-1.15 EPS.
Shares of Sunstone Hotel Investors (SHO) traded down $0.04 during midday trading on Monday, reaching $15.80. 1,884,075 shares of the company’s stock were exchanged, compared to its average volume of 1,737,106. The company has a quick ratio of 4.75, a current ratio of 4.76 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors has a 1 year low of $14.15 and a 1 year high of $17.46. The company has a market capitalization of $3,569.10, a PE ratio of 12.98, a P/E/G ratio of 2.63 and a beta of 1.05.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st were issued a $0.58 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.32 dividend on an annualized basis and a yield of 14.68%. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 346.27%.
SHO has been the topic of a number of recent research reports. Robert W. Baird set a $17.00 target price on shares of Sunstone Hotel Investors and gave the stock a hold rating in a report on Monday, October 23rd. FBR & Co reissued a hold rating on shares of Sunstone Hotel Investors in a report on Tuesday, October 31st. Boenning Scattergood reaffirmed a hold rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. JPMorgan Chase & Co. lifted their price target on Sunstone Hotel Investors from $13.00 to $14.00 and gave the company a neutral rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research raised Sunstone Hotel Investors from a sell rating to a hold rating in a report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The company has an average rating of Hold and an average price target of $16.06.
In other news, CFO Bryan Albert Giglia sold 18,426 shares of Sunstone Hotel Investors stock in a transaction that occurred 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 sale, the chief financial officer now owns 229,833 shares of the company’s stock, valued at $3,845,106.09. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.84% of the company’s stock.
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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.
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