Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $9.38 Consensus Target Price from Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned an average recommendation of “Hold” from the ten analysts that are presently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $9.3750.

A number of research firms have weighed in on SHO. Wells Fargo & Company upgraded Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $10.00 to $11.00 in a report on Monday, January 5th. Zacks Research lowered Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Robert W. Baird reiterated a “neutral” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Finally, Wall Street Zen cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th.

Sunstone Hotel Investors Stock Down 0.7%

Shares of Sunstone Hotel Investors stock opened at $9.18 on Tuesday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55. The company’s fifty day simple moving average is $9.17 and its two-hundred day simple moving average is $9.19. The company has a market cap of $1.74 billion, a P/E ratio of 11.27, a PEG ratio of 1.89 and a beta of 1.02. Sunstone Hotel Investors has a 12-month low of $7.45 and a 12-month high of $11.81.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Friday, November 7th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. Sunstone Hotel Investors had a net margin of 1.94% and a return on equity of 1.04%. The firm had revenue of $229.32 million during the quarter, compared to analysts’ expectations of $226.05 million. During the same period last year, the company posted $0.18 EPS. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. Research analysts anticipate that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $0.36 annualized dividend and a yield of 3.9%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Large investors have recently made changes to their positions in the business. California State Teachers Retirement System boosted its position in shares of Sunstone Hotel Investors by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 178,604 shares of the real estate investment trust’s stock worth $1,550,000 after purchasing an additional 1,170 shares in the last quarter. AQR Capital Management LLC raised its stake in Sunstone Hotel Investors by 1.6% during the first quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock valued at $789,000 after buying an additional 1,307 shares during the last quarter. Ethic Inc. boosted its holdings in Sunstone Hotel Investors by 12.7% in the second quarter. Ethic Inc. now owns 13,936 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 1,573 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Sunstone Hotel Investors by 33.0% in the second quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 1,595 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Sunstone Hotel Investors by 8.8% during the second quarter. Janney Montgomery Scott LLC now owns 20,912 shares of the real estate investment trust’s stock valued at $182,000 after acquiring an additional 1,691 shares in the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.