Shares of Sunstone Hotel Investors Inc (NYSE:SHO) gapped down before the market opened on Monday . The stock had previously closed at $14.90, but opened at $14.35. Sunstone Hotel Investors shares last traded at $13.94, with a volume of 2,430,900 shares.
A number of equities analysts have issued reports on SHO shares. JPMorgan Chase & Co. lowered their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Friday, September 6th. ValuEngine upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.67.
The stock has a fifty day simple moving average of $14.06 and a 200-day simple moving average of $13.65. The stock has a market cap of $3.13 billion, a P/E ratio of 11.91, a PEG ratio of 2.17 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 6.39 and a current ratio of 6.39.
Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Monday, November 4th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by ($0.16). The firm had revenue of $281.64 million for the quarter, compared to the consensus estimate of $278.57 million. Sunstone Hotel Investors had a return on equity of 6.71% and a net margin of 15.10%. Sunstone Hotel Investors’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS. On average, research analysts anticipate that Sunstone Hotel Investors Inc will post 1.1 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 16.36%. The ex-dividend date is Monday, December 30th. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. Sunstone Hotel Investors’s dividend payout ratio is 17.09%.
A number of hedge funds have recently added to or reduced their stakes in SHO. Assetmark Inc. grew its holdings in shares of Sunstone Hotel Investors by 7,254.5% in the 2nd quarter. Assetmark Inc. now owns 11,473 shares of the real estate investment trust’s stock valued at $157,000 after acquiring an additional 11,317 shares in the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Sunstone Hotel Investors by 877.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,409 shares of the real estate investment trust’s stock valued at $184,000 after acquiring an additional 12,037 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $216,000. Jefferies Group LLC bought a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $226,000. Finally, Ellington Management Group LLC bought a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $241,000.
Sunstone Hotel Investors Company Profile (NYSE:SHO)
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.
