Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives Consensus Rating of “Hold” from Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO) has received an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.75.

Several research analysts have commented on SHO shares. StockNews.com cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Truist Financial decreased their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Wolfe Research upgraded shares of Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research report on Wednesday, July 10th. Compass Point upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and upped their target price for the stock from $10.00 to $12.00 in a research report on Tuesday, May 7th. Finally, Baird R W upgraded shares of Sunstone Hotel Investors to a “strong-buy” rating in a research report on Tuesday, May 28th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. EntryPoint Capital LLC acquired a new stake in Sunstone Hotel Investors during the first quarter valued at approximately $30,000. Federated Hermes Inc. acquired a new stake in Sunstone Hotel Investors during the second quarter valued at approximately $34,000. Quarry LP lifted its stake in Sunstone Hotel Investors by 584.1% during the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 3,680 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in Sunstone Hotel Investors during the first quarter valued at approximately $49,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in Sunstone Hotel Investors during the second quarter valued at approximately $52,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Price Performance

SHO opened at $10.04 on Tuesday. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 11.16, a price-to-earnings-growth ratio of 4.10 and a beta of 1.24. Sunstone Hotel Investors has a fifty-two week low of $8.61 and a fifty-two week high of $11.59. The company’s 50-day moving average price is $10.16 and its 200 day moving average price is $10.51. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.43.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.16). The business had revenue of $247.50 million for the quarter, compared to analyst estimates of $248.12 million. Sunstone Hotel Investors had a return on equity of 9.75% and a net margin of 19.51%. Sunstone Hotel Investors’s revenue was down 10.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS. As a group, sell-side analysts expect that Sunstone Hotel Investors will post 0.89 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Monday, September 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 33.33%.

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.