Sunstone Hotel Investors, Inc. (SHO) To Go Ex-Dividend on March 31st

Sunstone Hotel Investors, Inc. (NYSE:SHO) announced a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.09 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date of this dividend is Monday, March 31st.

Sunstone Hotel Investors has a dividend payout ratio of 120.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Sunstone Hotel Investors to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 37.1%.

Sunstone Hotel Investors Trading Down 0.7 %

Sunstone Hotel Investors stock opened at $10.50 on Wednesday. Sunstone Hotel Investors has a 52 week low of $9.39 and a 52 week high of $12.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The firm has a market capitalization of $2.11 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 4.52 and a beta of 1.20. The company has a 50 day moving average price of $11.56 and a 200 day moving average price of $10.89.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $214.77 million for the quarter, compared to the consensus estimate of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. Research analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Wells Fargo & Company reduced their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley reiterated an “underweight” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Sunstone Hotel Investors currently has a consensus rating of “Hold” and a consensus target price of $11.71.

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.