Shares of Sunstone Hotel Investors Inc (NYSE:SHO) have been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $15.92.
Several equities analysts have weighed in on the stock. Boenning Scattergood raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a report on Wednesday, February 21st. Robert W. Baird set a $17.00 price target on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a report on Wednesday, February 14th. B. Riley set a $16.00 price target on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a report on Monday, February 12th. Raymond James Financial reiterated a “market perform” rating on shares of Sunstone Hotel Investors in a research report on Monday, January 8th. Finally, Wells Fargo & Co reiterated a “market perform” rating and set a $17.50 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, December 19th.
In other news, CFO Bryan Albert Giglia sold 18,426 shares of Sunstone Hotel Investors stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $16.73, for a total transaction of $308,266.98. Following the sale, the chief financial officer now owns 229,833 shares in the company, valued at $3,845,106.09. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.84% of the company’s stock.
Shares of Sunstone Hotel Investors (SHO) traded up $0.02 during trading hours on Friday, reaching $14.81. 566,478 shares of the company’s stock traded hands, compared to its average volume of 2,024,912. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.00 and a quick ratio of 3.00. Sunstone Hotel Investors has a twelve month low of $14.09 and a twelve month high of $17.46. The stock has a market capitalization of $3,348.28, a P/E ratio of 12.28, a P/E/G ratio of 2.64 and a beta of 1.16.
Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a net margin of 12.53% and a return on equity of 5.56%. The firm had revenue of $290.19 million for the quarter, compared to analysts’ expectations of $284.59 million. During the same period in the prior year, the firm earned $0.29 EPS. Sunstone Hotel Investors’s revenue for the quarter was up .2% compared to the same quarter last year. research analysts expect that Sunstone Hotel Investors will post 1.12 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, March 28th. Sunstone Hotel Investors’s payout ratio is currently 386.67%.
Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.
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