Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned a consensus recommendation of “Hold” from the eight analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $11.57.

SHO has been the subject of a number of recent analyst reports. Truist Financial decreased their price target on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a report on Friday, March 21st. Jefferies Financial Group increased their price target 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. Wells Fargo & Company reduced their price objective on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Finally, Morgan Stanley reaffirmed an “underweight” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th.

Sunstone Hotel Investors Stock Up 0.9 %

SHO stock opened at $9.50 on Wednesday. The company’s 50 day moving average price is $10.60 and its 200 day moving average price is $10.87. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 4.52 and a beta of 1.19. Sunstone Hotel Investors has a fifty-two week low of $9.28 and a fifty-two week high of $12.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98.

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

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.79%. Sunstone Hotel Investors’s dividend payout ratio is presently 257.14%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several hedge funds have recently made changes to their positions in SHO. Point72 Asia Singapore Pte. Ltd. acquired a new position in Sunstone Hotel Investors in the 4th quarter valued at about $33,000. Smartleaf Asset Management LLC increased its holdings in shares of Sunstone Hotel Investors by 442.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 2,448 shares during the period. GAMMA Investing LLC raised its stake in shares of Sunstone Hotel Investors by 114.1% during the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,743 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Sunstone Hotel Investors during the fourth quarter worth $42,000. Finally, Sterling Capital Management LLC grew its position in Sunstone Hotel Investors by 805.2% in the 4th quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 5,701 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

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.