Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $15.55 Consensus Target Price from Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have earned a consensus rating of “Hold” from the fifteen research firms that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $15.64.

Several research firms recently weighed in on SHO. Canaccord Genuity lifted their price target on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday. BidaskClub cut shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Goldman Sachs Group, Inc. (The) began coverage on shares of Sunstone Hotel Investors in a report on Monday, April 10th. They issued a “sell” rating and a $13.00 price target on the stock. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Saturday, May 27th. Finally, Boenning Scattergood reiterated a “neutral” rating on shares of Sunstone Hotel Investors in a report on Wednesday, April 12th.

Sunstone Hotel Investors (NYSE:SHO) traded down 0.19% during mid-day trading on Friday, hitting $16.07. 1,169,102 shares of the stock traded hands. The company has a 50 day moving average price of $16.29 and a 200-day moving average price of $15.48. The stock has a market capitalization of $3.62 billion, a PE ratio of 19.13 and a beta of 1.17. Sunstone Hotel Investors has a one year low of $12.14 and a one year high of $16.86.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.37 by $0.01. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.81%. The company had revenue of $318.80 million for the quarter, compared to the consensus estimate of $316.96 million. During the same period in the previous year, the firm earned $0.39 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities analysts anticipate that Sunstone Hotel Investors will post $0.63 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Saturday, September 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Thursday, September 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 25.64%.

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Several hedge funds have recently made changes to their positions in SHO. Canada Pension Plan Investment Board boosted its stake in shares of Sunstone Hotel Investors by 46.0% in the first quarter. Canada Pension Plan Investment Board now owns 32,366 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 10,200 shares during the period. Greenwich Wealth Management LLC acquired a new stake in shares of Sunstone Hotel Investors during the first quarter worth approximately $170,000. Breton Hill Capital Ltd. acquired a new stake in shares of Sunstone Hotel Investors during the first quarter worth approximately $175,000. Russell Investments Group Ltd. boosted its stake in shares of Sunstone Hotel Investors by 41.5% in the first quarter. Russell Investments Group Ltd. now owns 2,059,548 shares of the real estate investment trust’s stock worth $31,559,000 after buying an additional 603,550 shares during the period. Finally, Paragon Capital Management Ltd acquired a new stake in shares of Sunstone Hotel Investors during the first quarter worth approximately $167,000.

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.