Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) PT at $10.67

Sunstone Hotel Investors, Inc. (NYSE:SHO) has earned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.6667.

A number of analysts have commented on the stock. Citigroup upped their price objective on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings raised shares of Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Tuesday, July 21st.

Sunstone Hotel Investors Stock Up 1.6%

SHO opened at $10.81 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.84 and a current ratio of 3.84. The company has a market capitalization of $2.01 billion, a PE ratio of 49.14, a P/E/G ratio of 2.18 and a beta of 0.97. The stock’s fifty day moving average is $11.53 and its 200-day moving average is $10.26. Sunstone Hotel Investors has a one year low of $8.69 and a one year high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.06. The company had revenue of $277.11 million for the quarter, compared to analysts’ expectations of $266.67 million. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. On average, equities analysts predict that Sunstone Hotel Investors will post 0.96 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Wednesday, September 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 163.64%.

Insider Activity

In related news, insider Robert C. Springer sold 89,631 shares of Sunstone Hotel Investors stock in a transaction on Wednesday, June 24th. The stock was 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 of the company’s stock, valued at approximately $6,666,893.66. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Sunstone Hotel Investors in the 2nd quarter valued at $402,089,000. State Street Corp lifted its position in Sunstone Hotel Investors by 4.9% during the 2nd quarter. State Street Corp now owns 12,179,383 shares of the real estate investment trust’s stock worth $106,784,000 after acquiring an additional 571,619 shares during the last quarter. Bank of America Corp DE lifted its position in Sunstone Hotel Investors by 21.1% during the 1st quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock worth $90,997,000 after acquiring an additional 1,757,965 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in Sunstone Hotel Investors by 86.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 5,369,789 shares of the real estate investment trust’s stock valued at $48,006,000 after acquiring an additional 2,495,914 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in Sunstone Hotel Investors during the second quarter valued at about $41,332,000. 99.37% of the stock is owned by institutional investors and hedge funds.

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.