Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $11.42 Average Price Target from Brokerages

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been given an average rating of “Moderate Buy” by the seven research firms that are covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $11.42.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SHO. Janney Montgomery Scott LLC lifted its position in shares of Sunstone Hotel Investors by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 1,215 shares in the last quarter. Sei Investments Co. lifted its position in shares of Sunstone Hotel Investors by 21.6% during the first quarter. Sei Investments Co. now owns 156,229 shares of the real estate investment trust’s stock valued at $1,740,000 after purchasing an additional 27,743 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Sunstone Hotel Investors by 572.0% during the first quarter. Russell Investments Group Ltd. now owns 219,000 shares of the real estate investment trust’s stock valued at $2,440,000 after purchasing an additional 186,413 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of Sunstone Hotel Investors by 6.1% during the first quarter. ProShare Advisors LLC now owns 41,451 shares of the real estate investment trust’s stock valued at $462,000 after purchasing an additional 2,388 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Sunstone Hotel Investors by 0.4% during the first quarter. Vanguard Group Inc. now owns 32,326,254 shares of the real estate investment trust’s stock valued at $360,114,000 after purchasing an additional 115,899 shares in the last quarter. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Trading Up 0.2 %

SHO opened at $10.75 on Thursday. Sunstone Hotel Investors has a twelve month low of $9.39 and a twelve month high of $11.59. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The company has a fifty day moving average of $10.38 and a 200-day moving average of $10.25. The stock has a market cap of $2.16 billion, a PE ratio of 14.14, a price-to-earnings-growth ratio of 5.81 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm 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 quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.23 earnings per share. On average, sell-side analysts predict that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

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

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.