Sunstone Hotel Investors (NYSE:SHO) Downgraded by Bank of America to Underperform

Bank of America lowered shares of Sunstone Hotel Investors (NYSE:SHO) from a neutral rating to an underperform rating in a research note issued to investors on Wednesday, BenzingaRatingsTable reports.

Other equities analysts also recently issued reports about the stock. Wedbush upgraded shares of Sunstone Hotel Investors from a neutral rating to an outperform rating in a report on Wednesday, June 26th. TheStreet downgraded shares of Weibo from a b- rating to a c+ rating in a report on Friday, May 31st. ValuEngine upgraded shares of Valmont Industries from a sell rating to a hold rating in a report on Friday, July 12th. Zacks Investment Research upgraded shares of Garrett Motion from a sell rating to a hold rating in a report on Friday, May 10th. Finally, Wells Fargo & Co reiterated a buy rating on shares of Helmerich & Payne in a report on Thursday, June 27th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $16.50.

Shares of SHO opened at $13.15 on Wednesday. The firm has a market capitalization of $3.03 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 2.04 and a beta of 1.07. Sunstone Hotel Investors has a 1-year low of $12.70 and a 1-year high of $17.03. The stock’s fifty day moving average price is $13.60. The company has a debt-to-equity ratio of 0.42, a quick ratio of 7.05 and a current ratio of 7.05.



Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. Sunstone Hotel Investors had a net margin of 20.15% and a return on equity of 9.13%. The firm had revenue of $257.68 million for the quarter, compared to the consensus estimate of $256.64 million. During the same period in the previous year, the company earned $0.20 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. On average, analysts predict that Sunstone Hotel Investors will post 1.08 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.52%. Sunstone Hotel Investors’s dividend payout ratio is currently 17.09%.

Several large investors have recently added to or reduced their stakes in SHO. Norges Bank bought a new stake in shares of Sunstone Hotel Investors in the fourth quarter valued at about $33,269,000. Elliott Management Corp bought a new stake in shares of Sunstone Hotel Investors in the fourth quarter valued at about $19,106,000. BlackRock Inc. boosted its position in shares of Sunstone Hotel Investors by 5.4% in the first quarter. BlackRock Inc. now owns 24,799,129 shares of the real estate investment trust’s stock valued at $357,109,000 after acquiring an additional 1,264,668 shares during the period. Principal Financial Group Inc. boosted its position in shares of Sunstone Hotel Investors by 7.3% in the first quarter. Principal Financial Group Inc. now owns 14,413,201 shares of the real estate investment trust’s stock valued at $207,550,000 after acquiring an additional 980,365 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of Sunstone Hotel Investors by 2,139.9% in the fourth quarter. American Century Companies Inc. now owns 554,923 shares of the real estate investment trust’s stock valued at $7,220,000 after acquiring an additional 530,148 shares during the period.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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