Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) saw strong trading volume on Monday . 2,372,441 shares changed hands during trading, an increase of 45% from the previous session's volume of 1,635,559 shares.The stock last traded at $12.14 and had previously closed at $11.79.
Wall Street Analyst Weigh In
A number of analysts have recently commented on SHO shares. Wells Fargo & Company upped their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research note on Monday, December 9th. Jefferies Financial Group upped their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a "hold" rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $12.17.
Read Our Latest Report on SHO
Sunstone Hotel Investors Price Performance
The firm has a market capitalization of $2.43 billion, a PE ratio of 15.93, a PEG ratio of 6.45 and a beta of 1.21. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a 50-day moving average price of $11.25 and a 200 day moving average price of $10.59.
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 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $226.40 million during 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%. Sunstone Hotel Investors's revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 EPS. Equities analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.
Sunstone Hotel Investors Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 2.97%. The ex-dividend date of this dividend is Tuesday, December 31st. Sunstone Hotel Investors's payout ratio is 44.74%.
Hedge Funds Weigh In On Sunstone Hotel Investors
Hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in Sunstone Hotel Investors by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust's stock valued at $49,284,000 after purchasing an additional 1,130,558 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Sunstone Hotel Investors by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust's stock valued at $11,566,000 after buying an additional 116,058 shares during the last quarter. Intech Investment Management LLC purchased a new position in shares of Sunstone Hotel Investors in the third quarter worth about $573,000. American Century Companies Inc. boosted its position in Sunstone Hotel Investors by 170.5% during the second quarter. American Century Companies Inc. now owns 199,580 shares of the real estate investment trust's stock worth $2,088,000 after acquiring an additional 125,809 shares during the last quarter. Finally, NFJ Investment Group LLC acquired a new position in Sunstone Hotel Investors during the third quarter worth about $3,220,000. Institutional investors and hedge funds own 99.37% of the company's stock.
About Sunstone Hotel Investors
(
Get Free Report)
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.
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