Sunstone Hotel Investors Inc (NYSE:SHO) declared a quarterly dividend on Tuesday, July 31st, Wall Street Journal reports. Investors of record on Friday, September 28th will be paid a dividend of 0.05 per share by the real estate investment trust on Monday, October 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, September 27th.

Sunstone Hotel Investors has raised its dividend payment by an average of 50.4% annually over the last three years. Sunstone Hotel Investors has a payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Sunstone Hotel Investors to earn $1.17 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 17.1%.

Shares of SHO opened at $16.35 on Wednesday. The stock has a market capitalization of $3.72 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of 3.13 and a beta of 1.03. Sunstone Hotel Investors has a one year low of $14.09 and a one year high of $17.60. The company has a quick ratio of 5.61, a current ratio of 5.62 and a debt-to-equity ratio of 0.40.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.16). The business had revenue of $317.40 million during the quarter, compared to analysts’ expectations of $317.54 million. Sunstone Hotel Investors had a net margin of 10.08% and a return on equity of 4.26%. The company’s revenue for the quarter was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 EPS. research analysts anticipate that Sunstone Hotel Investors will post 1.13 EPS for the current year.

A number of research analysts recently commented on the company. Zacks Investment Research raised Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a report on Wednesday, July 11th. Barclays increased their price target on Sunstone Hotel Investors from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Friday, June 1st. Jefferies Financial Group assumed coverage on Sunstone Hotel Investors in a report on Thursday, May 31st. They issued a “hold” rating and a $17.00 price target for the company. Wells Fargo & Co reissued a “hold” rating on shares of Sunstone Hotel Investors in a report on Friday, June 1st. Finally, ValuEngine downgraded Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. Sunstone Hotel Investors currently has an average rating of “Hold” and an average target price of $16.94.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of July 30, 2018 has interests in 24 hotels comprised of 12,046 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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