Media coverage about Sunstone Hotel Investors (NYSE:SHO) has trended somewhat negative on Friday, according to Alpha One Sentiment. The research firm, a service of Accern, ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sunstone Hotel Investors earned a news sentiment score of -0.02 on Alpha One’s scale. Alpha One also assigned news articles about the real estate investment trust an impact score of 67 out of 100, meaning that recent news coverage is likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Alpha One Sentiment’s scoring:
- Sunstone Hotel Investors, Inc. (SHO) Rating Reiterated by Robert W. Baird (americanbankingnews.com)
- Head-To-Head Review: Diamondrock Hospitality Company (DRH) & Sunstone Hotel Investors (SHO) (americanbankingnews.com)
- $314.56 Million in Sales Expected for Sunstone Hotel Investors Inc (SHO) This Quarter (americanbankingnews.com)
- Sunstone Hotel Investors Inc (SHO) Upgraded by Zacks Investment Research to “Buy” (americanbankingnews.com)
A number of analysts recently commented on SHO shares. FBR & Co restated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, February 22nd. Bank of America Corporation cut shares of Sunstone Hotel Investors from a “buy” rating to a “neutral” rating and set a $16.00 target price on the stock. in a research note on Friday, March 3rd. Evercore ISI cut shares of Sunstone Hotel Investors from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Goldman Sachs Group, Inc. (The) started coverage on shares of Sunstone Hotel Investors in a research note on Monday, April 10th. They issued a “sell” rating and a $13.00 target price on the stock. Finally, Boenning Scattergood reiterated 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 assigned a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.42.
Shares of Sunstone Hotel Investors (SHO) traded up 0.85% during trading on Friday, hitting $16.54. 2,661,612 shares of the stock were exchanged. Sunstone Hotel Investors has a 52-week low of $11.26 and a 52-week high of $16.61. The stock has a market cap of $3.65 billion, a PE ratio of 20.00 and a beta of 1.21. The firm has a 50 day moving average of $15.75 and a 200-day moving average of $15.26.
Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.24 EPS for the quarter, topping the consensus estimate of $0.20 by $0.04. Sunstone Hotel Investors had a net margin of 16.42% and a return on equity of 8.31%. The firm had revenue of $280.74 million for the quarter, compared to the consensus estimate of $271.02 million. Equities research analysts anticipate that Sunstone Hotel Investors will post $0.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders 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 1.21%. The ex-dividend date of this dividend is Wednesday, June 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 24.10%.
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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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