Analysts Set Sunstone Hotel Investors, Inc. (NYSE:SHO) Target Price at $12.20

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned an average rating of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat.com 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 twelve-month price target among analysts that have issued a report on the stock in the last year is $12.20.

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

Institutional Investors Weigh In On Sunstone Hotel Investors

Several hedge funds and other institutional investors have recently bought and sold shares of SHO. Geode Capital Management LLC grew its position in Sunstone Hotel Investors by 2.1% in the third quarter. Geode Capital Management LLC now owns 5,247,927 shares of the real estate investment trust’s stock worth $54,169,000 after buying an additional 109,327 shares during the last quarter. Barclays PLC boosted its stake in shares of Sunstone Hotel Investors by 304.9% during the 3rd quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust’s stock worth $3,540,000 after acquiring an additional 258,302 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Sunstone Hotel Investors by 8.2% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 610,149 shares of the real estate investment trust’s stock worth $6,297,000 after acquiring an additional 46,402 shares in the last quarter. Jane Street Group LLC grew its holdings in shares of Sunstone Hotel Investors by 90.4% in the 3rd quarter. Jane Street Group LLC now owns 359,767 shares of the real estate investment trust’s stock worth $3,713,000 after acquiring an additional 170,821 shares during the last quarter. Finally, NFJ Investment Group LLC acquired a new stake in shares of Sunstone Hotel Investors during the third quarter worth $3,220,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Down 2.7 %

SHO opened at $12.05 on Monday. The stock’s 50 day moving average price is $10.81 and its 200 day moving average price is $10.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a market cap of $2.42 billion, a P/E ratio of 15.86, a P/E/G ratio of 6.45 and a beta of 1.25. Sunstone Hotel Investors has a 12 month low of $9.39 and a 12 month high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $226.40 million during the quarter, compared to the consensus estimate 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 company posted $0.23 EPS. As a group, research analysts predict that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The company 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. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 2.99%. Sunstone Hotel Investors’s dividend payout ratio is currently 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.