TheStreet downgraded shares of Sunstone Hotel Investors (NYSE:SHO) from a b- rating to a c+ rating in a report issued on Friday, May 31st, TheStreetRatingsTable reports.
SHO has been the subject of a number of other reports. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a hold rating to a sell rating in a report on Friday, February 1st. Deutsche Bank restated a hold rating and issued a $16.00 price objective on shares of Sunstone Hotel Investors in a report on Thursday, February 14th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Sunstone Hotel Investors currently has an average rating of Hold and an average price target of $16.75.
Sunstone Hotel Investors stock traded down $0.07 during mid-day trading on Friday, reaching $13.19. The company’s stock had a trading volume of 3,107,288 shares, compared to its average volume of 2,191,907. Sunstone Hotel Investors has a 12-month low of $12.70 and a 12-month high of $17.08. The firm has a market cap of $3.06 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.07 and a beta of 1.11. The company has a quick ratio of 7.05, a current ratio of 7.05 and a debt-to-equity ratio of 0.42. The stock has a fifty day moving average of $13.84.
Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The business had revenue of $257.68 million during the quarter, compared to analyst estimates of $256.64 million. Sunstone Hotel Investors had a net margin of 20.15% and a return on equity of 9.13%. Sunstone Hotel Investors’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.20 EPS. Equities analysts expect that Sunstone Hotel Investors will post 1.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.05 dividend. The ex-dividend date is Thursday, June 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.52%. Sunstone Hotel Investors’s dividend payout ratio is currently 17.09%.
Several large investors have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. purchased a new stake in Sunstone Hotel Investors during the 1st quarter worth approximately $76,000. Pearl River Capital LLC acquired a new position in Sunstone Hotel Investors during the first quarter worth $144,000. Hartford Investment Management Co. acquired a new position in Sunstone Hotel Investors during the fourth quarter worth $131,000. Oppenheimer & Co. Inc. acquired a new position in Sunstone Hotel Investors during the fourth quarter worth $135,000. Finally, Quantamental Technologies LLC acquired a new position in Sunstone Hotel Investors during the fourth quarter worth $142,000.
About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
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