Sunstone Hotel Investors Inc (NYSE:SHO) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $15.33.
Several brokerages have recently commented on SHO. TheStreet downgraded shares of Sunstone Hotel Investors from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. ValuEngine downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Bank of America downgraded shares of Sunstone Hotel Investors from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 17th. 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 for the company in a research note on Thursday, June 27th. Finally, 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.
Hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC raised its holdings in Sunstone Hotel Investors by 193.4% during the 4th quarter. Millennium Management LLC now owns 182,056 shares of the real estate investment trust’s stock valued at $2,369,000 after acquiring an additional 119,996 shares during the period. Norges Bank bought a new stake in Sunstone Hotel Investors during the 4th quarter valued at $33,269,000. Geode Capital Management LLC raised its holdings in Sunstone Hotel Investors by 7.6% during the 4th quarter. Geode Capital Management LLC now owns 3,485,508 shares of the real estate investment trust’s stock valued at $45,346,000 after acquiring an additional 244,954 shares during the period. Virtu Financial LLC bought a new stake in Sunstone Hotel Investors during the 1st quarter valued at $255,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Sunstone Hotel Investors during the 1st quarter valued at $185,000.
Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.15). The firm had revenue of $302.90 million for the quarter, compared to the consensus estimate of $297.95 million. Sunstone Hotel Investors had a net margin of 20.14% and a return on equity of 8.97%. The business’s revenue was down 4.6% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share. As a group, sell-side analysts forecast that Sunstone Hotel Investors will post 1.1 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors 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 yield of 1.52%. The ex-dividend date is Friday, September 27th. Sunstone Hotel Investors’s payout ratio is currently 17.09%.
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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