According to Zacks, “Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies, such as Marriott, Hilton, InterContinental and Hyatt. “
A number of other equities research analysts also recently weighed in on the company. Barclays PLC reaffirmed a buy rating and set a $17.00 price objective on shares of Sunstone Hotel Investors in a report on Tuesday. Canaccord Genuity reissued a buy rating and issued a $17.00 target price on shares of Sunstone Hotel Investors in a report on Thursday, January 19th. Robert W. Baird downgraded Sunstone Hotel Investors from an outperform rating to a neutral rating and set a $15.00 target price on the stock. in a report on Wednesday, January 11th. FBR & Co downgraded Sunstone Hotel Investors from an outperform rating to a market perform rating and set a $15.00 target price on the stock. in a report on Wednesday, January 4th. Finally, Nomura initiated coverage on Sunstone Hotel Investors in a report on Wednesday, December 14th. They issued a neutral rating and a $16.00 target price on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. Sunstone Hotel Investors has a consensus rating of Hold and an average price target of $14.75.
Shares of Sunstone Hotel Investors (NYSE:SHO) opened at 15.43 on Wednesday. The stock’s 50 day moving average price is $15.02 and its 200 day moving average price is $13.93. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 10.29 and a beta of 1.11. Sunstone Hotel Investors has a 1-year low of $11.26 and a 1-year high of $16.05.
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The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 17th. Shareholders of record on Saturday, December 31st were given a dividend of $0.53 per share. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, December 28th. This represents a $2.12 annualized dividend and a dividend yield of 13.74%. Sunstone Hotel Investors’s payout ratio is presently 139.47%.
Several hedge funds have recently modified their holdings of the stock. Stevens Capital Management LP acquired a new stake in shares of Sunstone Hotel Investors during the third quarter valued at approximately $131,000. GSA Capital Partners LLP acquired a new stake in shares of Sunstone Hotel Investors during the fourth quarter valued at approximately $166,000. Gideon Capital Advisors Inc. acquired a new stake in shares of Sunstone Hotel Investors during the fourth quarter valued at approximately $221,000. Nuveen Fund Advisors LLC boosted its stake in shares of Sunstone Hotel Investors by 37.1% in the third quarter. Nuveen Fund Advisors LLC now owns 17,668 shares of the company’s stock valued at $226,000 after buying an additional 4,785 shares during the last quarter. Finally, Wolverine Asset Management LLC acquired a new stake in shares of Sunstone Hotel Investors during the second quarter valued at approximately $228,000.
About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc is a self-managed and self-administered real estate investment trust (REIT). The Company’s business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company operates through hotel ownership segment.
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