Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $10.67 Average Price Target from Brokerages

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been given a consensus recommendation of “Hold” by the eight brokerages that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $10.6667.

A number of brokerages recently issued reports on SHO. Zacks Research downgraded Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Sunstone Hotel Investors in a report on Friday, July 10th. JPMorgan Chase & Co. lifted their price objective on Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Wells Fargo & Company raised Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, Citigroup upped their target price on Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th.

Sunstone Hotel Investors Price Performance

Shares of Sunstone Hotel Investors stock opened at $10.79 on Friday. The firm has a market cap of $2.01 billion, a PE ratio of 49.05, a price-to-earnings-growth ratio of 2.26 and a beta of 0.97. Sunstone Hotel Investors has a 12-month low of $8.61 and a 12-month high of $12.07. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $11.54 and its two-hundred day simple moving average is $10.24.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $277.11 million for the quarter, compared to analysts’ expectations of $266.67 million. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. As a group, equities analysts expect that Sunstone Hotel Investors will post 0.97 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Sunstone Hotel Investors’s payout ratio is presently 163.64%.

Insider Buying and Selling

In other news, insider Robert C. Springer sold 89,631 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total value of $1,041,512.22. Following the completion of the sale, the insider directly owned 573,743 shares of the company’s stock, valued at approximately $6,666,893.66. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Sunstone Hotel Investors

Hedge funds and other institutional investors have recently modified their holdings of the business. First National Bank of Omaha purchased a new stake in Sunstone Hotel Investors in the second quarter worth about $657,000. BlackRock Inc. purchased a new position in shares of Sunstone Hotel Investors during the second quarter valued at approximately $402,089,000. Deutsche Bank AG purchased a new position in shares of Sunstone Hotel Investors during the second quarter valued at approximately $3,130,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth approximately $1,822,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth approximately $16,288,000. 99.37% of the stock is 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.