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

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have received an average rating of “Moderate Buy” from the six analysts that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $12.20.

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

Sunstone Hotel Investors Price Performance

NYSE:SHO opened at $12.01 on Monday. 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 has a 52 week low of $9.39 and a 52 week high of $12.41. The stock’s 50-day moving average price is $10.88 and its 200-day moving average price is $10.45. The stock has a market capitalization of $2.41 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 6.45 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $226.40 million during the quarter, compared to analyst estimates of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 earnings per share. As a group, equities analysts expect that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 3.00%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 44.74%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several hedge funds and other institutional investors have recently modified their holdings of SHO. Federated Hermes Inc. acquired a new stake in Sunstone Hotel Investors in the 2nd quarter valued at about $34,000. Quarry LP grew its position in shares of Sunstone Hotel Investors by 584.1% in the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 3,680 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Sunstone Hotel Investors in the second quarter valued at approximately $52,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Sunstone Hotel Investors in the third quarter valued at approximately $59,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Sunstone Hotel Investors by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock worth $80,000 after buying an additional 1,937 shares in the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

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.