Sunstone Hotel Investors, Inc. (NYSE:SHO) Stock Has Consensus Target Price of $11.17

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $11.43.

A number of research firms have recently commented on SHO. Truist Financial raised their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company a “hold” rating in a research note on Thursday, September 10th. Weiss Ratings upgraded Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Zacks Research lowered Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Evercore set a $13.00 target price on shares of Sunstone Hotel Investors in a report on Monday. Finally, JPMorgan Chase & Co. upped their target price on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 21st.

Sunstone Hotel Investors Stock Down 0.1%

Shares of Sunstone Hotel Investors stock opened at $12.76 on Thursday. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $11.43 and its two-hundred day simple moving average is $10.52. The company has a market cap of $2.37 billion, a P/E ratio of 57.98, a PEG ratio of 2.94 and a beta of 1.00. Sunstone Hotel Investors has a 12-month low of $8.69 and a 12-month high of $12.83.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data 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. The business had revenue of $277.11 million during the quarter, compared to analyst estimates 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. Research analysts anticipate that Sunstone Hotel Investors will post 0.99 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.8%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 163.64%.

Institutional Trading of Sunstone Hotel Investors

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Sunstone Hotel Investors during the 2nd quarter valued at $402,089,000. Bank of America Corp DE bought a new position in shares of Sunstone Hotel Investors in the second quarter worth about $71,074,000. Legal & General Group Plc bought a new position in shares of Sunstone Hotel Investors in the second quarter worth about $33,113,000. SG Americas Securities LLC grew its position in shares of Sunstone Hotel Investors by 1,899.5% during the first quarter. SG Americas Securities LLC now owns 2,244,427 shares of the real estate investment trust’s stock worth $20,222,000 after purchasing an additional 2,132,180 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in shares of Sunstone Hotel Investors during the second quarter worth about $16,769,000. 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 real estate investment trust that owns and manages hotels in the United States. The company focuses primarily on upscale and upper-upscale properties located in major business, convention, and leisure destinations.

Sunstone’s portfolio includes full-service hotels operated under well-known hospitality brands as well as independent properties. Its hotels provide accommodations, restaurants and bars, meeting and event facilities, fitness amenities, and other services designed for business and leisure travelers.

The company has historically pursued ownership of institutional-quality lodging assets in markets with strong travel demand, including coastal gateway cities and popular resort and urban destinations.