Sunstone Hotel Investors, Inc. Declares Quarterly Dividend of $0.09 (NYSE:SHO)

Sunstone Hotel Investors, Inc. (NYSE:SHOGet Free Report) announced a quarterly dividend on Monday, May 4th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.09 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, June 30th.

Sunstone Hotel Investors has increased its dividend by an average of 0.5%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 189.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Sunstone Hotel Investors to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 38.3%.

Sunstone Hotel Investors Stock Performance

NYSE:SHO traded up $0.31 during mid-day trading on Tuesday, hitting $10.02. The stock had a trading volume of 1,383,802 shares, compared to its average volume of 1,877,673. Sunstone Hotel Investors has a twelve month low of $8.14 and a twelve month high of $10.27. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 250.59, a PEG ratio of 2.81 and a beta of 0.96. The company’s 50 day simple moving average is $9.34 and its 200 day simple moving average is $9.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.94 and a current ratio of 2.94.

Sunstone Hotel Investors (NYSE:SHOGet Free Report) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. Sunstone Hotel Investors had a net margin of 2.56% and a return on equity of 1.44%. The business had revenue of $259.71 million during the quarter, compared to the consensus estimate of $244.30 million. During the same period last year, the business posted $0.21 EPS. Sunstone Hotel Investors’s revenue was up 10.9% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. On average, equities research analysts forecast that Sunstone Hotel Investors will post 0.89 earnings per share for the current year.

Key Stories Impacting Sunstone Hotel Investors

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Sunstone Hotel Investors Company Profile

(Get Free Report)

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.

See Also

Dividend History for Sunstone Hotel Investors (NYSE:SHO)

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