Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $10.00 Consensus PT from Brokerages

Sunstone Hotel Investors, Inc. (NYSE:SHO) has earned a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.50.

SHO has been the topic of a number of research reports. Compass Point upgraded Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $10.00 to $12.00 in a report on Tuesday. Truist Financial lifted their price target on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Finally, StockNews.com raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several institutional investors have recently modified their holdings of SHO. Sei Investments Co. boosted its position in shares of Sunstone Hotel Investors by 21.6% during the first quarter. Sei Investments Co. now owns 156,229 shares of the real estate investment trust’s stock worth $1,740,000 after buying an additional 27,743 shares during the period. SG Americas Securities LLC bought a new stake in Sunstone Hotel Investors during the 1st quarter valued at $1,657,000. Jennison Associates LLC acquired a new position in Sunstone Hotel Investors during the 1st quarter worth $661,000. Daiwa Securities Group Inc. grew its stake in shares of Sunstone Hotel Investors by 6.2% in the first quarter. Daiwa Securities Group Inc. now owns 66,903 shares of the real estate investment trust’s stock worth $745,000 after purchasing an additional 3,899 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Sunstone Hotel Investors by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 1,215 shares during the period. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Trading Up 0.2 %

Shares of Sunstone Hotel Investors stock opened at $10.39 on Friday. The firm has a market cap of $2.12 billion, a PE ratio of 11.17, a P/E/G ratio of 3.98 and a beta of 1.22. The company has a quick ratio of 7.03, a current ratio of 7.03 and a debt-to-equity ratio of 0.43. Sunstone Hotel Investors has a fifty-two week low of $8.61 and a fifty-two week high of $11.59. The business’s fifty day moving average is $10.82 and its two-hundred day moving average is $10.53.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.44. Sunstone Hotel Investors had a return on equity of 11.32% and a net margin of 20.95%. The firm had revenue of $219.20 million for the quarter, compared to analyst estimates of $192.56 million. During the same period last year, the company earned $0.26 EPS. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. Analysts anticipate that Sunstone Hotel Investors will post 0.85 earnings per share for the current year.

Sunstone Hotel Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a dividend yield of 3.47%. Sunstone Hotel Investors’s dividend payout ratio is 27.96%.

About Sunstone Hotel Investors

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.