FBR & Co Boosts Sunstone Hotel Investors Inc (SHO) Price Target to $16.00

Sunstone Hotel Investors Inc (NYSE:SHO) had its target price upped by stock analysts at FBR & Co from $15.00 to $16.00 in a research note issued to investors on Thursday, May 4th. The firm currently has a “mkt perform” rating on the real estate investment trust’s stock. FBR & Co’s target price suggests a potential upside of 1.39% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research note on Wednesday, February 1st. Canaccord Genuity restated a “buy” rating and set a $17.00 price objective on shares of Sunstone Hotel Investors in a research note on Thursday, January 19th. Bank of America Corp lowered Sunstone Hotel Investors from a “buy” rating to a “neutral” rating and set a $16.00 price objective for the company. in a research note on Friday, March 3rd. Robert W. Baird lowered Sunstone Hotel Investors from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Wednesday, January 11th. Finally, Boenning Scattergood restated a “neutral” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, April 12th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.17.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.04. Sunstone Hotel Investors had a return on equity of 14.50% and a net margin of 27.94%. The firm had revenue of $280.74 million during the quarter, compared to analyst estimates of $271.02 million.

The business also recently declared a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Wednesday, June 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 139.47%.

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Several hedge funds have recently made changes to their positions in SHO. Gareth Morgan Investments Limited Partnership bought a new stake in shares of Sunstone Hotel Investors during the first quarter valued at about $1,364,000. Paloma Partners Management Co increased its stake in shares of Sunstone Hotel Investors by 360.4% in the first quarter. Paloma Partners Management Co now owns 88,987 shares of the real estate investment trust’s stock valued at $1,364,000 after buying an additional 69,659 shares during the period. State Street Corp increased its stake in shares of Sunstone Hotel Investors by 1.5% in the first quarter. State Street Corp now owns 8,509,744 shares of the real estate investment trust’s stock valued at $130,452,000 after buying an additional 129,397 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Sunstone Hotel Investors by 8.0% in the first quarter. Schwab Charles Investment Management Inc. now owns 2,179,920 shares of the real estate investment trust’s stock valued at $33,419,000 after buying an additional 161,857 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Sunstone Hotel Investors by 5,722.3% in the first quarter. BlackRock Inc. now owns 19,544,184 shares of the real estate investment trust’s stock valued at $299,613,000 after buying an additional 19,208,506 shares during the period.

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.

12 Month Chart for NYSE:SHO

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