Sunstone Hotel Investors, Inc. (SHO) Given Consensus Recommendation of “Hold” by Analysts

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been given an average recommendation of “Hold” by the twelve research firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $16.13.

SHO has been the topic of several recent research reports. BidaskClub downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Robert W. Baird reiterated a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Sunstone Hotel Investors in a research report on Friday, June 16th. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Canaccord Genuity increased their price target on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd.

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Sunstone Hotel Investors (NYSE SHO) opened at 16.42 on Thursday. Sunstone Hotel Investors has a 1-year low of $12.14 and a 1-year high of $16.86. The company has a 50-day moving average of $15.84 and a 200-day moving average of $15.81. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 21.30 and a beta of 1.17.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.01. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The business had revenue of $318.80 million for the quarter, compared to the consensus estimate of $316.96 million. During the same period last year, the firm earned $0.39 earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts anticipate that Sunstone Hotel Investors will post $0.69 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.22%. Sunstone Hotel Investors’s payout ratio is 25.64%.

Hedge funds have recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its position in shares of Sunstone Hotel Investors by 6.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 449 shares during the period. Utah Retirement Systems raised its position in shares of Sunstone Hotel Investors by 17.1% during the 1st quarter. Utah Retirement Systems now owns 12,986 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 1,900 shares during the period. Breton Hill Capital Ltd. raised its position in shares of Sunstone Hotel Investors by 14.9% during the 2nd quarter. Breton Hill Capital Ltd. now owns 13,100 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,700 shares during the period. US Bancorp DE raised its position in shares of Sunstone Hotel Investors by 20.9% during the 1st quarter. US Bancorp DE now owns 14,142 shares of the real estate investment trust’s stock valued at $217,000 after purchasing an additional 2,448 shares during the period. Finally, GSA Capital Partners LLP bought a new stake in shares of Sunstone Hotel Investors during the 2nd quarter valued at $243,000.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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