Sunstone Hotel Investors (SHO) Receiving Somewhat Favorable Media Coverage, Study Shows

Headlines about Sunstone Hotel Investors (NYSE:SHO) have been trending somewhat positive on Friday, according to Accern. Accern ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sunstone Hotel Investors earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.5205146762682 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the media stories that may have impacted Accern’s analysis:

Several analysts recently issued reports on SHO shares. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Boenning Scattergood reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. BidaskClub lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. B. Riley reiterated a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Finally, J P Morgan Chase & Co upped their price target on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Four analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $15.86.

Sunstone Hotel Investors (NYSE SHO) traded up $0.33 on Friday, hitting $17.08. 2,490,900 shares of the company’s stock were exchanged, compared to its average volume of 1,915,381. The company has a market capitalization of $3,796.67, a price-to-earnings ratio of 13.81, a P/E/G ratio of 2.82 and a beta of 1.11. Sunstone Hotel Investors has a fifty-two week low of $14.15 and a fifty-two week high of $17.17. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.18. The business had revenue of $303.91 million during the quarter, compared to analyst estimates of $299.90 million. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. equities research analysts expect that Sunstone Hotel Investors will post 1.2 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be given a $0.58 dividend. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. This represents a $2.32 dividend on an annualized basis and a dividend yield of 13.58%. The ex-dividend date is Thursday, December 28th. Sunstone Hotel Investors’s dividend payout ratio is presently 29.85%.

In other news, CFO Bryan Albert Giglia sold 18,426 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $16.73, for a total value of $308,266.98. Following the transaction, the chief financial officer now owns 229,833 shares of the company’s stock, valued at $3,845,106.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.84% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Sunstone Hotel Investors (SHO) Receiving Somewhat Favorable Media Coverage, Study Shows” was originally published by Week Herald and is the property of of Week Herald. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://weekherald.com/2017/12/16/sunstone-hotel-investors-sho-receiving-somewhat-favorable-media-coverage-study-shows.html.

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.

Insider Buying and Selling by Quarter for Sunstone Hotel Investors (NYSE:SHO)

Receive News & Ratings for Sunstone Hotel Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunstone Hotel Investors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply