Wells Fargo & Company restated their market perform rating on shares of Sunstone Hotel Investors (NYSE:SHO) in a research report released on Tuesday morning. Wells Fargo & Company currently has a $17.50 price objective on the real estate investment trust’s stock.

A number of other research analysts have also recently commented on the company. J P Morgan Chase & Co cut Sunstone Hotel Investors from a neutral rating to an underweight rating and set a $14.00 price objective on the stock. in a research note on Thursday, November 16th. B. Riley reaffirmed a neutral rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Zacks Investment Research raised Sunstone Hotel Investors from a sell rating to a hold rating in a research report on Friday, November 3rd. Boenning Scattergood reaffirmed a hold rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Finally, FBR & Co reaffirmed a hold rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $16.06.

Shares of Sunstone Hotel Investors (SHO) opened at $17.13 on Tuesday. Sunstone Hotel Investors has a fifty-two week low of $14.15 and a fifty-two week high of $17.46. The stock has a market capitalization of $3,929.61, a price-to-earnings ratio of 14.30, a PEG ratio of 2.92 and a beta of 1.11. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The firm had revenue of $303.91 million for the quarter, compared to analysts’ expectations of $299.90 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. research analysts expect that Sunstone Hotel Investors will post 1.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be issued a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. This represents a $2.32 annualized dividend and a dividend yield of 13.54%. Sunstone Hotel Investors’s dividend payout ratio is 29.85%.

In other news, CFO Bryan Albert Giglia sold 18,426 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction of $308,266.98. Following the completion of the transaction, the chief financial officer now directly owns 229,833 shares of the company’s stock, valued at $3,845,106.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Utah Retirement Systems grew its holdings in shares of Sunstone Hotel Investors by 3.1% during the second quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 400 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of Sunstone Hotel Investors during the second quarter valued at approximately $243,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Sunstone Hotel Investors by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,613 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Sunstone Hotel Investors by 1.6% during the second quarter. Profund Advisors LLC now owns 16,650 shares of the real estate investment trust’s stock valued at $268,000 after purchasing an additional 257 shares during the last quarter. Finally, Breton Hill Capital Ltd. boosted its position in shares of Sunstone Hotel Investors by 27.5% during the third quarter. Breton Hill Capital Ltd. now owns 16,700 shares of the real estate investment trust’s stock worth $268,000 after buying an additional 3,600 shares during the period.

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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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