Sunstone Hotel Investors Inc (SHO) Receives Consensus Recommendation of “Hold” from Brokerages

Sunstone Hotel Investors Inc (NYSE:SHO) has earned a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.40.

A number of equities analysts have recently issued reports on SHO shares. Zacks Investment Research cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. Barclays cut Sunstone Hotel Investors from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $18.00 to $16.00 in a report on Tuesday, December 18th. Finally, Deutsche Bank reiterated a “hold” rating and issued a $16.00 price objective on shares of Sunstone Hotel Investors in a report on Thursday, February 14th.

SHO opened at $14.75 on Tuesday. Sunstone Hotel Investors has a 12-month low of $12.70 and a 12-month high of $17.60. The company has a debt-to-equity ratio of 0.40, a current ratio of 3.90 and a quick ratio of 3.90. The stock has a market capitalization of $3.36 billion, a PE ratio of 12.61, a PEG ratio of 2.29 and a beta of 1.14.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Tuesday, February 12th. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Sunstone Hotel Investors had a return on equity of 10.02% and a net margin of 21.61%. The firm had revenue of $280.85 million during the quarter, compared to analysts’ expectations of $275.14 million. During the same period in the prior year, the business earned $0.28 EPS. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. As a group, equities research analysts expect that Sunstone Hotel Investors will post 1.07 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Thursday, March 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 17.09%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC lifted its stake in shares of Sunstone Hotel Investors by 6,800.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the real estate investment trust’s stock valued at $90,000 after acquiring an additional 6,800 shares during the last quarter. Hartford Investment Management Co. bought a new position in Sunstone Hotel Investors during the 4th quarter valued at approximately $131,000. Oppenheimer & Co. Inc. bought a new position in Sunstone Hotel Investors during the 4th quarter valued at approximately $135,000. Quantamental Technologies LLC bought a new position in Sunstone Hotel Investors during the 4th quarter valued at approximately $142,000. Finally, Quantitative Systematic Strategies LLC bought a new position in Sunstone Hotel Investors during the 1st quarter valued at approximately $185,000.

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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Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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