Wells Fargo & Company Increases Sunstone Hotel Investors (NYSE:SHO) Price Target to $12.00

Sunstone Hotel Investors (NYSE:SHO) had its target price raised by investment analysts at Wells Fargo & Company from $10.00 to $12.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 10.14% from the company’s previous close.

Other research analysts also recently issued reports about the company. Zacks Research upgraded Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Truist Financial upped their price objective on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a research note on Thursday, March 26th. Citigroup raised their target price on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wall Street Zen raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Sunstone Hotel Investors in a report on Thursday, March 26th. They set a “hold” rating and a $10.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus price target of $10.29.

Sunstone Hotel Investors Trading Up 0.7%

Shares of SHO traded up $0.08 during midday trading on Monday, hitting $10.90. The stock had a trading volume of 150,873 shares, compared to its average volume of 1,910,955. Sunstone Hotel Investors has a 1 year low of $8.43 and a 1 year high of $11.05. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.42 and a quick ratio of 3.42. The stock’s 50 day moving average is $9.78 and its 200 day moving average is $9.40. The firm has a market cap of $2.03 billion, a PE ratio of 98.96, a price-to-earnings-growth ratio of 2.53 and a beta of 0.98.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.05. The firm had revenue of $259.71 million for the quarter, compared to the consensus estimate of $244.30 million. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The company’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.21 earnings per share. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. As a group, analysts forecast that Sunstone Hotel Investors will post 0.91 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several hedge funds have recently modified their holdings of the stock. Balyasny Asset Management L.P. purchased a new position in shares of Sunstone Hotel Investors in the second quarter worth $41,332,000. Woodline Partners LP purchased a new position in Sunstone Hotel Investors in the 3rd quarter worth $44,295,000. Alyeska Investment Group L.P. grew its stake in Sunstone Hotel Investors by 86.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 5,369,789 shares of the real estate investment trust’s stock valued at $48,006,000 after purchasing an additional 2,495,914 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Sunstone Hotel Investors by 1,899.5% in the first quarter. SG Americas Securities LLC now owns 2,244,427 shares of the real estate investment trust’s stock valued at $20,222,000 after purchasing an additional 2,132,180 shares during the period. Finally, Bank of America Corp DE raised its stake in shares of Sunstone Hotel Investors by 21.1% in the first quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock worth $90,997,000 after purchasing an additional 1,757,965 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

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.