Sunstone Hotel Investors, Inc. (SHO) to Issue Quarterly Dividend of $0.09 on October 15th

Sunstone Hotel Investors, Inc. (NYSE:SHO) announced a quarterly dividend on Tuesday, August 5th, Wall Street Journal reports. Shareholders of record on Tuesday, September 30th will be given a dividend of 0.09 per share by the real estate investment trust on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Tuesday, September 30th.

Sunstone Hotel Investors has a payout ratio of 189.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Sunstone Hotel Investors to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 37.1%.

Sunstone Hotel Investors Price Performance

NYSE:SHO opened at $9.64 on Friday. Sunstone Hotel Investors has a 52 week low of $7.45 and a 52 week high of $12.41. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $1.83 billion, a P/E ratio of 482.44, a P/E/G ratio of 3.53 and a beta of 1.29. The stock’s fifty day moving average is $9.25 and its two-hundred day moving average is $8.96.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $259.77 million for the quarter, compared to the consensus estimate of $256.68 million. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.28 earnings per share. Equities analysts expect that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Institutional Investors Weigh In On Sunstone Hotel Investors

Large investors have recently bought and sold shares of the stock. Hantz Financial Services Inc. increased its holdings in Sunstone Hotel Investors by 951.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 2,722 shares during the period. Assetmark Inc. increased its holdings in Sunstone Hotel Investors by 210.4% during the 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,464 shares during the period. GAMMA Investing LLC increased its holdings in Sunstone Hotel Investors by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 1,560 shares during the period. Smartleaf Asset Management LLC increased its holdings in Sunstone Hotel Investors by 62.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,881 shares during the period. Finally, Blue Trust Inc. increased its holdings in Sunstone Hotel Investors by 46.8% during the 2nd quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 2,087 shares during the period. Hedge funds and other institutional investors own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.