Sunstone Hotel Investors Inc (NYSE:SHO) Receives $15.33 Consensus PT from Brokerages

Sunstone Hotel Investors Inc (NYSE:SHO) has been assigned an average recommendation of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $15.33.

A number of equities research analysts have commented on SHO shares. Deutsche Bank set a $15.00 price target on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a report on Friday, August 2nd. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Wells Fargo & Co raised shares of Sunstone Hotel Investors from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research note on Thursday, June 27th. Wedbush raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 26th. Finally, ValuEngine lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Friday, July 12th.

NYSE:SHO traded up $0.03 on Thursday, hitting $13.17. The company had a trading volume of 1,425,167 shares, compared to its average volume of 2,117,665. The stock has a market capitalization of $2.96 billion, a price-to-earnings ratio of 11.26, a PEG ratio of 2.00 and a beta of 1.05. The company has a current ratio of 6.97, a quick ratio of 6.97 and a debt-to-equity ratio of 0.41. The firm has a 50 day moving average of $13.35 and a two-hundred day moving average of $14.10. Sunstone Hotel Investors has a 52 week low of $12.54 and a 52 week high of $16.91.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.15). Sunstone Hotel Investors had a return on equity of 8.97% and a net margin of 20.14%. The firm had revenue of $302.90 million for the quarter, compared to analyst estimates of $297.95 million. During the same quarter last year, the company earned $0.37 earnings per share. The company’s quarterly revenue was down 4.6% compared to the same quarter last year. As a group, equities analysts forecast that Sunstone Hotel Investors will post 1.1 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Friday, September 27th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 17.09%.

Institutional investors have recently added to or reduced their stakes in the business. Cresset Asset Management LLC raised its position in Sunstone Hotel Investors by 32.5% in the second quarter. Cresset Asset Management LLC now owns 340,008 shares of the real estate investment trust’s stock worth $4,662,000 after acquiring an additional 83,386 shares during the period. Colony Group LLC increased its stake in shares of Sunstone Hotel Investors by 2.2% in the second quarter. Colony Group LLC now owns 136,244 shares of the real estate investment trust’s stock worth $1,868,000 after purchasing an additional 2,984 shares in the last quarter. Magnetar Financial LLC purchased a new position in shares of Sunstone Hotel Investors in the second quarter worth about $626,000. Eaton Vance Management increased its stake in shares of Sunstone Hotel Investors by 23.1% in the second quarter. Eaton Vance Management now owns 76,823 shares of the real estate investment trust’s stock worth $1,053,000 after purchasing an additional 14,405 shares in the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Sunstone Hotel Investors in the second quarter worth about $1,732,000.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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