Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $11.86 Consensus PT from Analysts

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) have earned a consensus rating of "Hold" from the eight ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $11.86.

A number of brokerages recently weighed in on SHO. 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 research report on Thursday, January 2nd. Wells Fargo & Company boosted their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Monday, December 9th. Finally, Morgan Stanley restated an "underweight" rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th.

Sunstone Hotel Investors Stock Down 0.6 %

Sunstone Hotel Investors stock traded down $0.07 during trading on Tuesday, reaching $10.95. The stock had a trading volume of 1,806,448 shares, compared to its average volume of 2,163,776. 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 has a market cap of $2.20 billion, a PE ratio of 14.40, a P/E/G ratio of 3.82 and a beta of 1.20. The business has a 50 day moving average price of $11.77 and a 200 day moving average price of $10.78.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its earnings results 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 analysts' expectations of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business's quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.23 EPS. On average, analysts predict that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Tuesday, December 31st. Sunstone Hotel Investors's dividend payout ratio is presently 44.74%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several institutional investors have recently bought and sold shares of the company. Heritage Family Offices LLP boosted its holdings in Sunstone Hotel Investors by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust's stock worth $171,000 after buying an additional 969 shares in the last quarter. Vanderbilt University lifted its stake in Sunstone Hotel Investors by 9.4% in the 4th quarter. Vanderbilt University now owns 14,808 shares of the real estate investment trust's stock valued at $175,000 after buying an additional 1,276 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Sunstone Hotel Investors by 0.5% during the 3rd quarter. New York State Teachers Retirement System now owns 294,316 shares of the real estate investment trust's stock valued at $3,037,000 after buying an additional 1,386 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock worth $39,000 after acquiring an additional 1,743 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Sunstone Hotel Investors by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust's stock valued at $80,000 after acquiring an additional 1,937 shares in the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.

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.