Sunstone Hotel Investors Inc (NYSE:SHO) announced a quarterly dividend on Tuesday, February 13th, Wall Street Journal reports. Shareholders of record on Friday, March 30th will be given a dividend of 0.05 per share by the real estate investment trust on Monday, April 16th. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Wednesday, March 28th.
Sunstone Hotel Investors has raised its dividend payment by an average of 50.4% per year over the last three years. Sunstone Hotel Investors has a payout ratio of 193.3% 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 $1.23 per share next year, which means the company may not be able to cover its $2.32 annual dividend with an expected future payout ratio of 188.6%.
Shares of Sunstone Hotel Investors (NYSE SHO) opened at $15.77 on Wednesday. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3,560.08, a price-to-earnings ratio of 26.28, a price-to-earnings-growth ratio of 2.63 and a beta of 1.05. 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 posted its earnings results on Monday, February 12th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.19). The firm had revenue of $290.19 million for the quarter, compared to analysts’ expectations of $284.59 million. Sunstone Hotel Investors had a return on equity of 5.52% and a net margin of 12.53%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. equities analysts predict that Sunstone Hotel Investors will post 1.2 EPS for the current year.
SHO has been the topic of a number of research analyst reports. Boenning Scattergood reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday. Raymond James Financial reiterated a “market perform” rating on shares of Sunstone Hotel Investors in a research report on Monday, January 8th. JPMorgan Chase & Co. boosted their target price on Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Monday, October 23rd. Finally, B. Riley restated a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.06.
In other news, CFO Bryan Albert Giglia sold 18,426 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total value of $308,266.98. Following the sale, the chief financial officer now directly owns 229,833 shares in the company, valued at $3,845,106.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.84% of the stock is owned by corporate 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 (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.
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