Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $12.20.

Separately, Wells Fargo & Company raised their target price on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, December 9th.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several hedge funds have recently added to or reduced their stakes in SHO. Federated Hermes Inc. purchased a new stake in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $34,000. Quarry LP lifted its position in Sunstone Hotel Investors by 584.1% in the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 3,680 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in Sunstone Hotel Investors in the second quarter valued at $52,000. Harbor Capital Advisors Inc. purchased a new position in shares of Sunstone Hotel Investors during the third quarter worth about $59,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Sunstone Hotel Investors by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 1,937 shares in the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Stock Performance

NYSE:SHO opened at $12.01 on Monday. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 6.45 and a beta of 1.25. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors has a 52 week low of $9.39 and a 52 week high of $12.41. The company has a fifty day simple moving average of $10.85 and a two-hundred day simple moving average of $10.43.

Sunstone Hotel Investors (NYSE:SHO) last released its 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 for the quarter, compared to analyst estimates of $224.61 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 earnings per share. As a group, equities analysts anticipate that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.00%. The ex-dividend date of this dividend is Tuesday, December 31st. Sunstone Hotel Investors’s payout ratio is 44.74%.

About Sunstone Hotel Investors

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.