Sunstone Hotel Investors (NYSE:SHO) Hits New 52-Week High – Here’s What Happened

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $12.14 and last traded at $11.8140, with a volume of 859 shares traded. The stock had previously closed at $11.92.

Analyst Upgrades and Downgrades

SHO has been the subject of a number of research analyst reports. Zacks Research raised Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Citigroup increased their price target on Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Truist Financial raised their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, March 26th. LADENBURG THALM/SH SH began coverage on Sunstone Hotel Investors in a report on Thursday, March 26th. They set a “hold” rating and a $10.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock an “overweight” rating in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.83.

Sunstone Hotel Investors Price Performance

The business’s 50-day moving average is $10.74 and its two-hundred day moving average is $9.73. The company has a market capitalization of $2.20 billion, a P/E ratio of 107.46, a price-to-earnings-growth ratio of 2.67 and a beta of 0.98. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.58.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The company had revenue of $259.71 million during the quarter, compared to the consensus estimate of $244.29 million. During the same period last year, the business posted $0.21 earnings per share. Sunstone Hotel Investors’s revenue was up 10.9% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. As a group, analysts predict that Sunstone Hotel Investors, Inc. will post 0.91 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio is currently 327.27%.

Insider Buying and Selling at Sunstone Hotel Investors

In other news, insider Robert C. Springer sold 89,631 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the completion of the sale, the insider owned 573,743 shares in the company, valued at $6,666,893.66. This trade represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Sunstone Hotel Investors

Institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC purchased a new stake in Sunstone Hotel Investors in the 4th quarter worth about $26,000. North Star Investment Management Corp. purchased a new stake in Sunstone Hotel Investors in the 1st quarter worth approximately $27,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Sunstone Hotel Investors by 27.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,135 shares during the period. FIL Ltd boosted its position in shares of Sunstone Hotel Investors by 57.2% during the 4th quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 3,280 shares during the last quarter. Finally, Cerity Partners LLC bought a new stake in Sunstone Hotel Investors during the second quarter valued at approximately $88,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

About Sunstone Hotel Investors

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.