Sunstone Hotel Investors (NYSE:SHO) Sets New 1-Year High – Here’s What Happened

Sunstone Hotel Investors, Inc. (NYSE:SHO)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $12.20 and last traded at $12.20, with a volume of 385 shares traded. The stock had previously closed at $12.07.

Analyst Ratings Changes

Separately, Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price objective for the company in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $11.42.

Sunstone Hotel Investors Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The company has a market cap of $2.45 billion, a PE ratio of 15.88, a price-to-earnings-growth ratio of 6.41 and a beta of 1.25. The company’s 50 day simple moving average is $10.50 and its two-hundred day simple moving average is $10.31.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business had revenue of $226.40 million during the quarter, compared to analysts’ expectations of $224.61 million. During the same period in the previous year, the business posted $0.23 EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.78 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Tuesday, December 31st. Sunstone Hotel Investors’s payout ratio is 42.11%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its holdings in Sunstone Hotel Investors by 6.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 106,553 shares of the real estate investment trust’s stock valued at $1,188,000 after acquiring an additional 6,439 shares in the last quarter. M&G Plc acquired a new stake in Sunstone Hotel Investors in the second quarter valued at approximately $157,000. Diversified Trust Co raised its holdings in Sunstone Hotel Investors by 5.8% in the second quarter. Diversified Trust Co now owns 36,571 shares of the real estate investment trust’s stock valued at $383,000 after acquiring an additional 2,018 shares in the last quarter. AlphaMark Advisors LLC acquired a new stake in Sunstone Hotel Investors in the second quarter valued at approximately $314,000. Finally, Vanderbilt University acquired a new stake in Sunstone Hotel Investors in the second quarter valued at approximately $145,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Company Profile

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.