Watch List Stock News: Sunstone Hotel Investors (NYSE:SHO)

 Sunstone Hotel Investors (NYSE:SHO) is now trading -6.98% off 52-week high price. On the other end, the stock has been noted 14.91% away from the low price over the last 52-weeks. The stock changed 0.63% to recent value of $14.41. The stock transacted 4072173 shares during most recent day however it has an average volume of 1.94M shares. The company has 223.11M of outstanding shares and 222.49M shares were floated in the market.  

On Dec. 20, 2019, Sunstone Hotel Investors (NYSE:SHO) the owner of Long-Term Relevant Real Estate® in the hospitality sector, revealed that its Board of Directors has declared a revised fourth quarter dividend of $0.59 per share of common stock that replaces the fourth quarter dividend previously declared on December 10, 2019.  The revised fourth quarter dividend is $0.02 per share higher than the dividend amount previously declared and is the result of updated expectations for Company operations and recently announced changes in proposed tax regulations. The revised dividend will be paid in cash on January 15, 2020 to holders of record as of December 31, 2019.  The revised fourth quarter dividend, together with the dividends paid in the first three quarters of 2019, represent an annual yield of 5.2% based on the closing stock price as of December 19, 2019.

About Sunstone Hotel Investors

Sunstone Hotel Investors is a real estate investment trust (REIT) that invests in Long-Term Relevant Real Estate® within the hospitality sector.  Sunstone’s hotels are primarily in the urban and resort upper upscale segment and are predominantly operated under nationally recognized brands such as Marriott, Hilton and Hyatt.

 Its earnings per share (EPS) expected to touch remained 81.10% for this year while earning per share for the next 5-years is expected to reach at 19.90%. SHO has a gross margin of 63.80% and an operating margin of 15.20% while its profit margin remained 13.70% for the last 12 months.  According to the most recent quarter its current ratio was 6.4 that represents company’s ability to meet its current financial obligations. The price moved ahead of 2.91% from the mean of 20 days, 3.86% from mean of 50 days SMA and performed 4.02% from mean of 200 days price. Company’s performance for the week was 1.98%, 4.65% for month and YTD performance remained 10.76%.

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