Sunstone Hotel Investors Inc (SHO) Plans Quarterly Dividend of $0.05

Sunstone Hotel Investors Inc (NYSE:SHO) announced a quarterly dividend on Tuesday, May 7th, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.05 per share by the real estate investment trust on Monday, July 15th. This represents a $0.20 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend is Thursday, June 27th.

Sunstone Hotel Investors has raised its dividend by an average of 12.7% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Sunstone Hotel Investors has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Sunstone Hotel Investors to earn $1.10 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 18.2%.

Sunstone Hotel Investors stock traded down $0.12 during mid-day trading on Thursday, reaching $13.46. The company’s stock had a trading volume of 1,222,900 shares, compared to its average volume of 2,237,242. Sunstone Hotel Investors has a 12 month low of $12.70 and a 12 month high of $17.60. The company has a market cap of $3.15 billion, a P/E ratio of 11.50, a price-to-earnings-growth ratio of 2.13 and a beta of 1.12. The company has a current ratio of 7.05, a quick ratio of 7.05 and a debt-to-equity ratio of 0.42.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $257.68 million during the quarter, compared to the consensus estimate of $256.64 million. Sunstone Hotel Investors had a net margin of 20.15% and a return on equity of 9.13%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. On average, equities research analysts forecast that Sunstone Hotel Investors will post 1.08 EPS for the current year.

Several analysts have weighed in on SHO shares. Zacks Investment Research cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, March 28th. Deutsche Bank restated a “hold” rating and issued a $16.00 target price on shares of Sunstone Hotel Investors in a research report on Thursday, February 14th. Six analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $16.80.

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About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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Dividend History for Sunstone Hotel Investors (NYSE:SHO)

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