Analysts Set Sunstone Hotel Investors, Inc. (NYSE:SHO) Price Target at $10.56

Sunstone Hotel Investors, Inc. (NYSE:SHO – Get Rating) has been assigned an average rating of “Hold” from the ten research firms that are covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.56.

SHO has been the topic of several research reports. Compass Point downgraded Sunstone Hotel Investors from a “neutral” rating to a “sell” rating and decreased their target price for the company from $12.00 to $9.00 in a research report on Wednesday, March 22nd. Morgan Stanley reduced their price target on Sunstone Hotel Investors from $10.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, February 7th. StockNews.com initiated coverage on Sunstone Hotel Investors in a research report on Thursday, May 18th. They set a “sell” rating on the stock. Finally, Wells Fargo & Company reduced their price target on Sunstone Hotel Investors from $11.50 to $9.50 and set an “equal weight” rating on the stock in a research report on Thursday, March 30th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SHO. Brandywine Global Investment Management LLC grew its position in Sunstone Hotel Investors by 2.9% during the 1st quarter. Brandywine Global Investment Management LLC now owns 589,201 shares of the real estate investment trust’s stock worth $5,821,000 after acquiring an additional 16,660 shares during the last quarter. Ameriprise Financial Inc. grew its position in Sunstone Hotel Investors by 4.0% during the 1st quarter. Ameriprise Financial Inc. now owns 2,686,876 shares of the real estate investment trust’s stock worth $26,547,000 after acquiring an additional 104,542 shares during the last quarter. JPMorgan Chase & Co. grew its position in Sunstone Hotel Investors by 35.5% during the 1st quarter. JPMorgan Chase & Co. now owns 3,865,449 shares of the real estate investment trust’s stock worth $38,191,000 after acquiring an additional 1,012,987 shares during the last quarter. EWA LLC bought a new position in Sunstone Hotel Investors during the 1st quarter worth approximately $107,000. Finally, Jane Street Group LLC bought a new position in Sunstone Hotel Investors during the 1st quarter worth approximately $285,000. Institutional investors own 99.51% of the company’s stock.

Sunstone Hotel Investors Stock Performance

Shares of Sunstone Hotel Investors stock opened at $10.02 on Friday. The firm has a market cap of $2.08 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 2.53 and a beta of 1.28. The stock’s 50-day moving average is $9.73 and its 200-day moving average is $10.11. Sunstone Hotel Investors has a one year low of $8.60 and a one year high of $12.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.55 and a quick ratio of 0.55.

Sunstone Hotel Investors (NYSE:SHO – Get Rating) last released its earnings results on Wednesday, February 22nd. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.12). The company had revenue of $244.14 million for the quarter, compared to the consensus estimate of $231.53 million. Sunstone Hotel Investors had a return on equity of 5.22% and a net margin of 9.60%. Equities analysts predict that Sunstone Hotel Investors will post 0.92 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, June 29th. This represents a $0.20 annualized dividend and a dividend yield of 2.00%. Sunstone Hotel Investors’s payout ratio is currently 52.63%.

Sunstone Hotel Investors Company Profile

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Sunstone Hotel Investors, Inc is a real estate investment trust, which engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. Its portfolio consists of upper upscale hotels located in major convention, resort destination, and urban markets. The company was founded by Robert A.