Robert W. Baird Reiterates “$17.00” Price Target for Sunstone Hotel Investors (SHO)

Robert W. Baird set a $17.00 price objective on Sunstone Hotel Investors (NYSE:SHO) in a research report report published on Wednesday morning. The brokerage currently has a hold rating on the real estate investment trust’s stock.

Other research analysts have also issued reports about the stock. Boenning Scattergood reissued a hold rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. FBR & Co reaffirmed a hold rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Zacks Investment Research raised shares of Sunstone Hotel Investors from a sell rating to a hold rating in a research report on Friday, November 3rd. B. Riley set a $16.00 price target on shares of Sunstone Hotel Investors and gave the company a hold rating in a research report on Monday. Finally, Raymond James Financial reaffirmed a market perform rating on shares of Sunstone Hotel Investors in a research report on Monday, January 8th. Four equities research analysts have rated the stock with a sell rating, nine have issued 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 $15.94.

Sunstone Hotel Investors (SHO) opened at $15.84 on Wednesday. The company has a quick ratio of 4.75, a current ratio of 4.76 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors has a 12 month low of $14.15 and a 12 month high of $17.46. The firm has a market cap of $3,553.32, a P/E ratio of 26.25, a price-to-earnings-growth ratio of 2.83 and a beta of 1.05.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a return on equity of 5.52% and a net margin of 12.53%. The business had revenue of $290.19 million during the quarter, compared to analysts’ expectations of $284.59 million. During the same period last year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. sell-side analysts predict that Sunstone Hotel Investors will post 1.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, March 28th. Sunstone Hotel Investors’s payout ratio is presently 386.67%.

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

Hedge funds have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new stake in Sunstone Hotel Investors in the fourth quarter valued at approximately $155,000. Lourd Capital LLC purchased a new stake in Sunstone Hotel Investors in the fourth quarter valued at approximately $204,000. Koch Industries Inc. purchased a new stake in Sunstone Hotel Investors in the fourth quarter valued at approximately $212,000. Zeke Capital Advisors LLC purchased a new stake in Sunstone Hotel Investors in the fourth quarter valued at approximately $232,000. Finally, GSA Capital Partners LLP purchased a new stake in Sunstone Hotel Investors in the second quarter valued at approximately $243,000.

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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 (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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