StockNews.com Lowers Sunstone Hotel Investors (NYSE:SHO) to Sell

StockNews.com lowered shares of Sunstone Hotel Investors (NYSE:SHO) from a hold rating to a sell rating in a research note released on Friday morning.

Several other brokerages have also recently issued reports on SHO. Compass Point raised shares of Sunstone Hotel Investors from a sell rating to a neutral rating and upped their price objective for the company from $10.00 to $12.00 in a research note on Tuesday, May 7th. Truist Financial upped their price objective on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a hold rating in a research note on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of Hold and an average target price of $10.50.

Sunstone Hotel Investors Stock Up 0.2 %

SHO opened at $10.32 on Friday. Sunstone Hotel Investors has a twelve month low of $8.61 and a twelve month high of $11.59. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.43. The company has a 50-day moving average price of $10.59 and a 200 day moving average price of $10.62. The company has a market cap of $2.10 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 4.97 and a beta of 1.22.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.11). Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. The company had revenue of $217.17 million for the quarter, compared to analyst estimates of $212.00 million. Sell-side analysts expect that Sunstone Hotel Investors will post 0.88 earnings per share for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.09 dividend. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 3.49%. Sunstone Hotel Investors’s dividend payout ratio is 28.89%.

Institutional Trading of Sunstone Hotel Investors

Hedge funds have recently made changes to their positions in the company. EntryPoint Capital LLC purchased a new stake in shares of Sunstone Hotel Investors in the 1st quarter valued at approximately $30,000. Plato Investment Management Ltd purchased a new stake in shares of Sunstone Hotel Investors in the 1st quarter valued at approximately $49,000. Quadrant Capital Group LLC grew its stake in shares of Sunstone Hotel Investors by 35.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 1,387 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of Sunstone Hotel Investors in the 3rd quarter valued at approximately $101,000. Finally, Versor Investments LP purchased a new stake in shares of Sunstone Hotel Investors in the 3rd quarter valued at approximately $112,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

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.