Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) PT at $9.38

Sunstone Hotel Investors, Inc. (NYSE:SHO) has received a consensus rating of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.3750.

SHO has been the subject of a number of research reports. Robert W. Baird reissued a “neutral” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Zacks Research cut shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Wall Street Zen downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Wells Fargo & Company raised Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $10.00 to $11.00 in a report on Monday, January 5th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday.

Sunstone Hotel Investors Stock Performance

NYSE:SHO opened at $9.05 on Tuesday. The firm has a market capitalization of $1.72 billion, a PE ratio of 11.18, a PEG ratio of 1.85 and a beta of 1.02. Sunstone Hotel Investors has a 1 year low of $7.45 and a 1 year high of $11.75. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55. The firm’s fifty day simple moving average is $9.16 and its 200 day simple moving average is $9.20.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Sunstone Hotel Investors had a return on equity of 1.04% and a net margin of 1.94%.The firm had revenue of $229.32 million for the quarter, compared to analyst estimates of $226.05 million. During the same quarter last year, the firm posted $0.18 EPS. The company’s revenue was up 1.3% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. On average, sell-side analysts anticipate that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Wednesday, December 31st.

Institutional Trading of Sunstone Hotel Investors

Institutional investors have recently made changes to their positions in the business. California State Teachers Retirement System lifted its holdings in shares of Sunstone Hotel Investors by 0.7% during the second quarter. California State Teachers Retirement System now owns 178,604 shares of the real estate investment trust’s stock valued at $1,550,000 after acquiring an additional 1,170 shares during the period. AQR Capital Management LLC boosted its position in Sunstone Hotel Investors by 1.6% in the 1st quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock valued at $789,000 after buying an additional 1,307 shares during the last quarter. Ethic Inc. increased its stake in shares of Sunstone Hotel Investors by 12.7% in the 2nd quarter. Ethic Inc. now owns 13,936 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 1,573 shares during the period. GAMMA Investing LLC increased its stake in shares of Sunstone Hotel Investors by 33.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock valued at $56,000 after buying an additional 1,595 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Sunstone Hotel Investors by 8.8% during the second quarter. Janney Montgomery Scott LLC now owns 20,912 shares of the real estate investment trust’s stock worth $182,000 after acquiring an additional 1,691 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Company Profile

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.