Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $11.42 Average PT from Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO) has earned an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $11.42.

A number of research analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 target price on the stock in a research report on Friday, September 13th. StockNews.com lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in SHO. Millennium Management LLC lifted its stake in 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 valued at $18,489,000 after purchasing an additional 1,389,917 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Sunstone Hotel Investors by 460.0% in the 3rd 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 valued at $14,596,000 after purchasing an additional 1,161,792 shares during the last quarter. Heitman Real Estate Securities LLC increased its position in Sunstone Hotel Investors by 976.5% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,238,002 shares of the real estate investment trust’s stock valued at $12,776,000 after acquiring an additional 1,123,001 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Sunstone Hotel Investors by 318.0% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,367,061 shares of the real estate investment trust’s stock valued at $14,299,000 after acquiring an additional 1,039,986 shares during the period. Finally, NFJ Investment Group LLC acquired a new position in Sunstone Hotel Investors in the 3rd quarter valued at approximately $3,220,000. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Up 0.2 %

Shares of SHO opened at $10.75 on Thursday. Sunstone Hotel Investors has a 52 week low of $9.39 and a 52 week high of $11.59. The firm has a market cap of $2.16 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 5.81 and a beta of 1.25. The firm’s 50-day simple moving average is $10.38 and its 200 day simple moving average is $10.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98.

Sunstone Hotel Investors (NYSE:SHO) last announced its 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). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The business had revenue of $226.40 million for the quarter, compared to analyst estimates of $224.61 million. During the same quarter in the previous year, the company earned $0.23 EPS. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts forecast that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Sunstone Hotel Investors’s payout ratio is 42.11%.

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.