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

Sunstone Hotel Investors, Inc. (NYSE:SHO) has earned a consensus rating of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $11.00.

A number of analysts recently commented on SHO shares. Truist Financial boosted their target price on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Thursday, September 10th. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. lifted their price target on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Weiss Ratings raised Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, August 8th.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several hedge funds have recently modified their holdings of SHO. North Star Investment Management Corp. purchased a new position in Sunstone Hotel Investors in the 1st quarter worth about $27,000. Sequoia Financial Advisors LLC acquired a new position in shares of Sunstone Hotel Investors in the first quarter worth about $91,000. Longboard Asset Management LP acquired a new position in shares of Sunstone Hotel Investors in the second quarter worth about $124,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Sunstone Hotel Investors during the 2nd quarter valued at $136,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Sunstone Hotel Investors in the second quarter valued at $157,000. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Price Performance

NYSE:SHO opened at $11.40 on Friday. The business’s 50-day moving average price is $11.20 and its 200 day moving average price is $10.75. The firm has a market cap of $2.12 billion, a P/E ratio of 51.81, a PEG ratio of 2.69 and a beta of 1.00. Sunstone Hotel Investors has a 52-week low of $8.69 and a 52-week 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.

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

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 30th. Sunstone Hotel Investors’s payout ratio is presently 163.64%.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a real estate investment trust (REIT) that owns, acquires, renovates and manages hotels in the United States. The company focuses primarily on upscale and upper-upscale lodging properties located in major urban, coastal and resort destinations.

Its portfolio includes independent and branded hotels serving business and leisure travelers. Properties may operate under well-known hospitality brands or as independent hotels, and typically offer guest rooms, meeting and event facilities, restaurants, bars, spas and other hospitality services.