Sunstone Hotel Investors, Inc. (NYSE:SHO) was downgraded by stock analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday. They presently have a $15.00 price objective on the stock. Robert W. Baird’s price objective would indicate a potential upside of 1.76% from the company’s previous close.

A number of other brokerages have also recently commented on SHO. Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Thursday, December 15th. FBR & Co cut Sunstone Hotel Investors from an “outperform” rating to a “market perform” rating and set a $15.00 target price for the company. in a report on Wednesday, January 4th. Canaccord Genuity restated a “buy” rating and set a $17.00 target price on shares of Sunstone Hotel Investors in a report on Wednesday, January 4th. Instinet started coverage on Sunstone Hotel Investors in a report on Wednesday, December 14th. They set a “neutral” rating and a $16.00 target price for the company. Finally, Nomura started coverage on Sunstone Hotel Investors in a report on Wednesday, December 14th. They set a “neutral” rating and a $16.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $14.50.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

Sunstone Hotel Investors (NYSE:SHO) opened at 14.74 on Wednesday. Sunstone Hotel Investors has a 12-month low of $9.53 and a 12-month high of $16.05. The firm has a market cap of $3.19 billion, a P/E ratio of 9.83 and a beta of 1.17. The stock’s 50 day moving average is $15.24 and its 200 day moving average is $13.56.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.01. The business earned $303.30 million during the quarter, compared to analysts’ expectations of $306.82 million. Sunstone Hotel Investors had a return on equity of 14.50% and a net margin of 27.94%. The company’s revenue was down 6.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. On average, equities research analysts expect that Sunstone Hotel Investors will post $0.46 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Saturday, December 31st will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 14.38%. The ex-dividend date is Wednesday, December 28th. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 139.47%.

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Several institutional investors have recently made changes to their positions in SHO. Sei Investments Co. boosted its position in shares of Sunstone Hotel Investors by 14.9% in the third quarter. Sei Investments Co. now owns 479,444 shares of the company’s stock valued at $6,132,000 after buying an additional 62,163 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Sunstone Hotel Investors by 3.4% in the third quarter. Ameriprise Financial Inc. now owns 1,979,903 shares of the company’s stock valued at $25,321,000 after buying an additional 65,580 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Sunstone Hotel Investors by 16.0% in the third quarter. First Trust Advisors LP now owns 347,252 shares of the company’s stock valued at $4,441,000 after buying an additional 47,845 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in shares of Sunstone Hotel Investors by 5.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 36,173 shares of the company’s stock valued at $463,000 after buying an additional 1,819 shares during the last quarter. Finally, Standard Life Investments LTD boosted its position in shares of Sunstone Hotel Investors by 5.8% in the second quarter. Standard Life Investments LTD now owns 818,313 shares of the company’s stock valued at $9,872,000 after buying an additional 45,124 shares during the last quarter.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a self-managed and self-administered real estate investment trust (REIT). The Company’s business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company operates through hotel ownership segment.

5 Day Chart for NYSE:SHO

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