Analysts Set Sunstone Hotel Investors Inc. (SHO) PT at $14.15
Shares of Sunstone Hotel Investors Inc. (NYSE:SHO) have been assigned an average rating of “Buy” from the sixteen research firms that are presently covering the firm. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $14.15.
Several research firms have weighed in on SHO. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Friday, August 12th. TheStreet upgraded Sunstone Hotel Investors from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Deutsche Bank AG reiterated a “hold” rating and set a $14.00 price objective on shares of Sunstone Hotel Investors in a research report on Monday, June 27th. Citigroup Inc. increased their price objective on Sunstone Hotel Investors from $13.50 to $14.00 and gave the company a “neutral” rating in a research report on Monday, August 22nd. Finally, FBR & Co set a $16.00 price objective on Sunstone Hotel Investors and gave the company a “buy” rating in a research report on Thursday, August 11th.
Sunstone Hotel Investors (NYSE:SHO) opened at 12.82 on Tuesday. The firm has a 50-day moving average price of $12.91 and a 200 day moving average price of $12.83. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of 7.87 and a beta of 1.24. Sunstone Hotel Investors has a 52 week low of $9.53 and a 52 week high of $15.08.
Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.02. Sunstone Hotel Investors had a return on equity of 15.15% and a net margin of 29.66%. The firm had revenue of $322.20 million for the quarter, compared to analysts’ expectations of $323.40 million. During the same quarter last year, the firm posted $0.43 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. On average, equities research analysts forecast that Sunstone Hotel Investors will post $1.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.56%. Sunstone Hotel Investors’s dividend payout ratio is currently 12.20%.
In other news, insider Robert C. Springer sold 32,998 shares of Sunstone Hotel Investors stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $13.81, for a total value of $455,702.38. Following the sale, the insider now directly owns 182,566 shares in the company, valued at approximately $2,521,236.46. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Marc Andrew Hoffman sold 10,000 shares of Sunstone Hotel Investors stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $13.92, for a total value of $139,200.00. Following the completion of the sale, the chief operating officer now owns 236,709 shares in the company, valued at $3,294,989.28. The disclosure for this sale can be found here. 0.79% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHO. BNP Paribas Arbitrage SA boosted its position in Sunstone Hotel Investors by 6,324.8% in the second quarter. BNP Paribas Arbitrage SA now owns 10,087 shares of the company’s stock worth $122,000 after buying an additional 9,930 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sunstone Hotel Investors by 7.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,331 shares of the company’s stock worth $125,000 after buying an additional 732 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in Sunstone Hotel Investors during the second quarter worth approximately $139,000. Nuveen Fund Advisors LLC purchased a new position in Sunstone Hotel Investors during the second quarter worth approximately $155,000. Finally, BlackRock Japan Co. Ltd boosted its position in Sunstone Hotel Investors by 16.4% in the first quarter. BlackRock Japan Co. Ltd now owns 12,977 shares of the company’s stock worth $182,000 after buying an additional 1,831 shares during the last quarter.
Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc is a self-managed and self-administered real estate investment trust (REIT). The Company’s business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company operates through hotel ownership segment.
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