Analysts Set Sunstone Hotel Investors, Inc. (NYSE:SHO) Price Target at $11.42

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have received a consensus rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $11.42.

A number of research analysts have recently weighed in on the company. Wells Fargo & Company raised Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price target on the stock in a research note on Friday, September 13th. StockNews.com lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st.

Sunstone Hotel Investors Stock Performance

SHO stock opened at $10.77 on Thursday. The company has a 50 day moving average price of $10.37 and a 200 day moving average price of $10.25. Sunstone Hotel Investors has a fifty-two week low of $9.39 and a fifty-two week high of $11.59. 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 capitalization of $2.16 billion, a PE ratio of 14.17, a price-to-earnings-growth ratio of 5.59 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The firm had revenue of $226.40 million for 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 was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 EPS. Analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.34%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 42.11%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Millennium Management LLC boosted its position in shares of Sunstone Hotel Investors by 368.0% in the second quarter. Millennium Management LLC now owns 1,767,636 shares of the real estate investment trust’s stock valued at $18,489,000 after acquiring an additional 1,389,917 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Sunstone Hotel Investors by 460.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,414,372 shares of the real estate investment trust’s stock valued at $14,596,000 after buying an additional 1,161,792 shares during the last quarter. Heitman Real Estate Securities LLC increased its position in shares of Sunstone Hotel Investors by 976.5% in the third quarter. Heitman Real Estate Securities LLC now owns 1,238,002 shares of the real estate investment trust’s stock valued at $12,776,000 after acquiring an additional 1,123,001 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Sunstone Hotel Investors by 318.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,367,061 shares of the real estate investment trust’s stock valued at $14,299,000 after acquiring an additional 1,039,986 shares during the last quarter. Finally, NFJ Investment Group LLC purchased a new stake in shares of Sunstone Hotel Investors during the third quarter worth about $3,220,000. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Company Profile

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.