News stories about Sunstone Hotel Investors (NYSE:SHO) have been trending somewhat positive recently, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sunstone Hotel Investors earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.8207101894171 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news articles that may have effected Accern’s rankings:
A number of analysts have weighed in on SHO shares. Robert W. Baird reissued a “hold” rating and set a $17.00 target price on shares of Sunstone Hotel Investors in a research report on Thursday, September 21st. FBR & Co reissued a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Boenning Scattergood reissued a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. JPMorgan Chase & Co. raised their price objective on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $16.06.
Sunstone Hotel Investors (NYSE:SHO) opened at $16.78 on Friday. Sunstone Hotel Investors has a twelve month low of $14.15 and a twelve month high of $17.46. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75. The stock has a market capitalization 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.
Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $303.91 million for the quarter, compared to analysts’ expectations of $299.90 million. During the same period last year, the business earned $0.33 EPS. Sunstone Hotel Investors’s quarterly revenue was up .2% compared to the same quarter last year. analysts predict that Sunstone Hotel Investors will post 1.2 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be paid a dividend of $0.58 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. This represents a $2.32 annualized dividend and a yield of 13.83%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 368.25%.
In other Sunstone Hotel Investors news, CFO Bryan Albert Giglia sold 18,426 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 229,833 shares in the company, valued at approximately $3,845,106.09. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.84% of the stock is currently owned by company insiders.
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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.
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