Sunstone Hotel Investors (NYSE:SHO) Shares Gap Up to $13.19

Shares of Sunstone Hotel Investors Inc (NYSE:SHO) gapped up prior to trading on Thursday . The stock had previously closed at $12.83, but opened at $13.19. Sunstone Hotel Investors shares last traded at $13.69, with a volume of 3,826,201 shares.

A number of brokerages have issued reports on SHO. Zacks Investment Research lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. TheStreet lowered Sunstone Hotel Investors from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. Wells Fargo & Co raised Sunstone Hotel Investors from a “market perform” rating to an “outperform” rating and set a $15.00 price target for the company in a research note on Thursday. Finally, Wedbush raised Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research note on Wednesday. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.50.

The business’s 50 day simple moving average is $13.82. The company has a quick ratio of 7.05, a current ratio of 7.05 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3.13 billion, a PE ratio of 11.72, a P/E/G ratio of 2.12 and a beta of 1.11.

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

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, June 27th. Sunstone Hotel Investors’s payout ratio is currently 17.09%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. bought a new stake in shares of Sunstone Hotel Investors during the 1st quarter worth $76,000. Pearl River Capital LLC bought a new stake in shares of Sunstone Hotel Investors during the 1st quarter worth $144,000. Nisa Investment Advisors LLC boosted its stake in shares of Sunstone Hotel Investors by 82.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 12,570 shares of the real estate investment trust’s stock worth $181,000 after acquiring an additional 5,670 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new stake in shares of Sunstone Hotel Investors during the 1st quarter worth $185,000. Finally, Brinker Capital Inc. boosted its stake in shares of Sunstone Hotel Investors by 10.5% during the 1st quarter. Brinker Capital Inc. now owns 14,300 shares of the real estate investment trust’s stock worth $206,000 after acquiring an additional 1,360 shares in the last quarter.

Sunstone Hotel Investors Company Profile (NYSE:SHO)

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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