Raymond James Financial reissued their market perform rating on shares of Sunstone Hotel Investors (NYSE:SHO) in a research note issued to investors on Monday morning, Marketbeat.com reports.

Several other analysts have also weighed in on the company. Wells Fargo & Co reissued a market perform rating and set a $17.50 price objective on shares of Sunstone Hotel Investors in a report on Tuesday, December 19th. JPMorgan Chase & Co. lowered Sunstone Hotel Investors from a neutral rating to an underweight rating and set a $14.00 price objective on the stock. in a report on Thursday, November 16th. B. Riley reissued a neutral rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. Zacks Investment Research raised Sunstone Hotel Investors from a sell rating to a hold rating in a report on Friday, November 3rd. Finally, Boenning Scattergood reissued a hold rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company. Sunstone Hotel Investors presently has an average rating of Hold and an average target price of $16.06.

Sunstone Hotel Investors (NYSE SHO) traded up $0.10 on Monday, reaching $16.78. The company’s stock had a trading volume of 3,011,900 shares, compared to its average volume of 1,755,175. The firm has a market cap of $3,760.00, a price-to-earnings ratio of 26.63, a P/E/G ratio of 2.67 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75. Sunstone Hotel Investors has a 12-month low of $14.15 and a 12-month high of $17.46.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The firm had revenue of $303.91 million for the quarter, compared to analyst estimates of $299.90 million. During the same quarter last year, the firm posted $0.33 EPS. The company’s revenue was up .2% on a year-over-year basis. equities research analysts expect that Sunstone Hotel Investors will post 1.2 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 13.83%. The ex-dividend date is Thursday, December 28th. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 368.25%.

In related news, CFO Bryan Albert Giglia sold 18,426 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction of $308,266.98. Following the completion of the transaction, the chief financial officer now owns 229,833 shares in the company, valued at approximately $3,845,106.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.84% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Sunstone Hotel Investors by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after buying an additional 1,619,745 shares during the period. BlackRock Inc. lifted its position in shares of Sunstone Hotel Investors by 1.3% during the 2nd quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock worth $319,172,000 after buying an additional 255,552 shares during the period. Principal Financial Group Inc. lifted its position in shares of Sunstone Hotel Investors by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock worth $206,238,000 after buying an additional 431,187 shares during the period. State Street Corp lifted its position in shares of Sunstone Hotel Investors by 2.6% during the 2nd 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 during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Sunstone Hotel Investors by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,531,026 shares of the real estate investment trust’s stock worth $105,148,000 after buying an additional 554,518 shares during the period.

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Sunstone Hotel Investors Company Profile

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.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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