Sunstone Hotel Investors, Inc. (NYSE:SHO) Downgraded by BidaskClub to “Hold”

BidaskClub cut shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) from a buy rating to a hold rating in a research report sent to investors on Monday, July 24th.

Other equities analysts have also recently issued research reports about the stock. Boenning Scattergood reaffirmed a neutral rating on shares of Sunstone Hotel Investors in a research report on Wednesday, April 12th. Zacks Investment Research raised shares of Sunstone Hotel Investors from a hold rating to a buy rating and set a $17.00 price objective for the company in a research report on Wednesday, May 17th. FBR & Co increased their price objective on shares of Sunstone Hotel Investors from $15.00 to $16.00 and gave the stock a mkt perform rating in a research report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) began coverage on shares of Sunstone Hotel Investors in a research report on Monday, April 10th. They set a sell rating and a $13.00 price objective for the company. Finally, Canaccord Genuity reaffirmed a buy rating and set a $17.00 price objective on shares of Sunstone Hotel Investors in a research report on Wednesday, May 3rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. Sunstone Hotel Investors presently has an average rating of Hold and a consensus price target of $15.64.

Sunstone Hotel Investors (NYSE:SHO) opened at 15.41 on Monday. Sunstone Hotel Investors has a 12 month low of $12.14 and a 12 month high of $16.86. The stock has a market cap of $3.47 billion, a PE ratio of 19.99 and a beta of 1.17. The company’s 50 day moving average price is $16.03 and its 200 day moving average price is $15.55.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $318.80 million during the quarter, compared to analysts’ expectations of $316.96 million. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.39 EPS. Equities analysts forecast that Sunstone Hotel Investors will post $0.69 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.20 annualized dividend and a yield of 1.30%. Sunstone Hotel Investors’s dividend payout ratio is currently 25.64%.

A number of large investors have recently made changes to their positions in SHO. Vanguard Group Inc. raised its stake in shares of Sunstone Hotel Investors by 4.5% in the second quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock valued at $607,999,000 after buying an additional 1,619,745 shares in the last quarter. BlackRock Inc. raised its stake in shares of Sunstone Hotel Investors by 1.3% in the second quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock valued at $319,172,000 after buying an additional 255,552 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Sunstone Hotel Investors by 1.2% in the first quarter. Daiwa Securities Group Inc. now owns 15,719,829 shares of the real estate investment trust’s stock valued at $240,985,000 after buying an additional 190,954 shares in the last quarter. Principal Financial Group Inc. raised its position in Sunstone Hotel Investors by 4.9% in the first quarter. Principal Financial Group Inc. now owns 12,711,908 shares of the real estate investment trust’s stock worth $194,860,000 after buying an additional 596,757 shares in the last quarter. Finally, State Street Corp raised its position in Sunstone Hotel Investors by 2.6% in the second quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock worth $140,687,000 after buying an additional 217,834 shares in the last quarter.

About Sunstone Hotel Investors

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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