Sunstone Hotel Investors’ (SHO) Neutral Rating Reaffirmed at Robert W. Baird

Sunstone Hotel Investors, Inc. (NYSE:SHO)‘s stock had its “neutral” rating reissued by equities research analysts at Robert W. Baird in a research note issued on Friday. They presently have a $17.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $16.00. Robert W. Baird’s target price would suggest a potential upside of 2.84% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Zacks Investment Research downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, May 4th. Canaccord Genuity reiterated a “buy” rating and set a $17.00 price target on shares of Sunstone Hotel Investors in a research note on Wednesday, May 3rd. Evercore ISI downgraded Sunstone Hotel Investors from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. FBR & Co reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, February 22nd. Finally, Bank of America Corporation downgraded Sunstone Hotel Investors from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research note on Friday, March 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and four 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 $15.42.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

Sunstone Hotel Investors (NYSE:SHO) traded up 0.85% during midday trading on Friday, hitting $16.54. The stock had a trading volume of 2,655,311 shares. The company has a 50-day moving average price of $15.73 and a 200-day moving average price of $15.24. The stock has a market cap of $3.65 billion, a P/E ratio of 20.00 and a beta of 1.21. Sunstone Hotel Investors has a 52 week low of $11.26 and a 52 week high of $16.61.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. The firm had revenue of $280.74 million during the quarter, compared to the consensus estimate of $271.02 million. Sunstone Hotel Investors had a return on equity of 8.31% and a net margin of 16.42%. Equities analysts expect that Sunstone Hotel Investors will post $0.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Shareholders of record on Friday, June 30th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.20 annualized dividend and a yield of 1.21%. Sunstone Hotel Investors’s dividend payout ratio is currently 24.10%.

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A number of hedge funds and other institutional investors have recently modified their holdings of SHO. Public Employees Retirement System of Ohio increased its position in shares of Sunstone Hotel Investors by 2.1% in the first quarter. Public Employees Retirement System of Ohio now owns 254,933 shares of the real estate investment trust’s stock valued at $3,908,000 after buying an additional 5,170 shares in the last quarter. Gareth Morgan Investments Limited Partnership bought a new position in shares of Sunstone Hotel Investors during the first quarter valued at approximately $1,364,000. Paloma Partners Management Co increased its position in shares of Sunstone Hotel Investors by 360.4% in the first quarter. Paloma Partners Management Co now owns 88,987 shares of the real estate investment trust’s stock valued at $1,364,000 after buying an additional 69,659 shares in the last quarter. State Street Corp increased its position in shares of Sunstone Hotel Investors by 1.5% in the first quarter. State Street Corp now owns 8,509,744 shares of the real estate investment trust’s stock valued at $130,452,000 after buying an additional 129,397 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Sunstone Hotel Investors by 8.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,179,920 shares of the real estate investment trust’s stock valued at $33,419,000 after buying an additional 161,857 shares in the last quarter.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

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