Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $12.17 Consensus Target Price from Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seven ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $12.17.

Several equities analysts have issued reports on the stock. Wells Fargo & Company increased 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. Jefferies Financial Group lifted their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd.

Sunstone Hotel Investors Stock Performance

SHO traded down $0.34 on Friday, reaching $11.76. The stock had a trading volume of 3,409,728 shares, compared to its average volume of 2,673,821. The business's 50-day moving average price is $11.36 and its two-hundred day moving average price is $10.63. The company has a market cap of $2.36 billion, a P/E ratio of 15.47, a price-to-earnings-growth ratio of 6.45 and a beta of 1.21. Sunstone Hotel Investors has a 12-month low of $9.39 and a 12-month high of $12.41. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The business had revenue of $226.40 million for the quarter, compared to analysts' expectations of $224.61 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The business's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. Sell-side 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. Stockholders of record on Tuesday, December 31st will be paid a $0.09 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.06%. Sunstone Hotel Investors's dividend payout ratio (DPR) is 44.74%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its holdings in shares of Sunstone Hotel Investors by 368.0% in the 2nd quarter. Millennium Management LLC now owns 1,767,636 shares of the real estate investment trust's stock worth $18,489,000 after acquiring an additional 1,389,917 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Sunstone Hotel Investors by 460.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,414,372 shares of the real estate investment trust's stock worth $14,596,000 after buying an additional 1,161,792 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Sunstone Hotel Investors by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust's stock valued at $49,284,000 after buying an additional 1,130,558 shares in the last quarter. Heitman Real Estate Securities LLC lifted its stake in Sunstone Hotel Investors by 976.5% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,238,002 shares of the real estate investment trust's stock worth $12,776,000 after acquiring an additional 1,123,001 shares in the last quarter. Finally, NFJ Investment Group LLC purchased a new position in Sunstone Hotel Investors during the 3rd quarter valued at about $3,220,000. Institutional investors and hedge funds own 99.37% of the company's stock.

Sunstone Hotel Investors Company Profile

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.