Sunstone Hotel Investors, Inc. (NYSE:SHO) Plans Quarterly Dividend of $0.09

Sunstone Hotel Investors, Inc. (NYSE:SHO) declared a quarterly dividend on Monday, February 24th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.09 per share by the real estate investment trust on Tuesday, April 15th. This represents a $0.36 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date is Monday, March 31st.

Sunstone Hotel Investors has a payout ratio of 120.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Sunstone Hotel Investors to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.36 annual dividend with an expected future payout ratio of 37.1%.

Sunstone Hotel Investors Trading Down 0.7 %

Shares of Sunstone Hotel Investors stock opened at $10.58 on Tuesday. The firm has a market capitalization of $2.12 billion, a PE ratio of 13.91, a price-to-earnings-growth ratio of 4.52 and a beta of 1.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The company’s fifty day moving average price is $11.60 and its two-hundred day moving average price is $10.89. Sunstone Hotel Investors has a 52-week low of $9.39 and a 52-week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. On average, analysts expect that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on SHO. Morgan Stanley reissued an “underweight” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Wells Fargo & Company reduced their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.71.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.