Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $11.00 Average PT from Analysts

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $10.57.

SHO has been the topic of several research reports. Jefferies Financial Group decreased their price target on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Wells Fargo & Company lowered their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley cut their price target on Sunstone Hotel Investors from $9.00 to $7.00 and set an “underweight” rating for the company in a report on Tuesday. Finally, Truist Financial lowered their price objective on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, March 21st.

Sunstone Hotel Investors Trading Up 0.2 %

SHO stock opened at $8.05 on Friday. Sunstone Hotel Investors has a 12-month low of $7.45 and a 12-month high of $12.41. The business’s 50-day moving average is $9.45 and its 200 day moving average is $10.58. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 4.52 and a beta of 1.16.

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

Sunstone Hotel Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.09 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 4.47%. Sunstone Hotel Investors’s payout ratio is currently 257.14%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Institutional investors and hedge funds have recently made changes to their positions in the stock. Heritage Family Offices LLP increased its holdings in Sunstone Hotel Investors by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 969 shares during the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Sunstone Hotel Investors by 3.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 33,889 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 1,258 shares during the period. Vanderbilt University lifted its stake in Sunstone Hotel Investors by 9.4% during the 4th quarter. Vanderbilt University now owns 14,808 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 1,276 shares in the last quarter. Xponance Inc. boosted its holdings in Sunstone Hotel Investors by 10.9% during the 4th quarter. Xponance Inc. now owns 14,709 shares of the real estate investment trust’s stock valued at $174,000 after acquiring an additional 1,441 shares during the period. Finally, GAMMA Investing LLC grew its position in Sunstone Hotel Investors by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 1,560 shares in the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

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.