Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) Price Target at $9.14

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been given an average recommendation of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $9.1429.

SHO has been the subject of several research reports. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Wells Fargo & Company lifted their price target on Sunstone Hotel Investors from $8.50 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, December 1st. Truist Financial dropped their price target on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, October 8th.

Institutional Trading of Sunstone Hotel Investors

Large investors have recently made changes to their positions in the business. American Century Companies Inc. increased its stake in shares of Sunstone Hotel Investors by 4.5% in the first quarter. American Century Companies Inc. now owns 88,451 shares of the real estate investment trust’s stock worth $832,000 after acquiring an additional 3,793 shares during the period. Northern Trust Corp boosted its holdings in Sunstone Hotel Investors by 0.7% in the first quarter. Northern Trust Corp now owns 3,180,251 shares of the real estate investment trust’s stock valued at $29,926,000 after purchasing an additional 20,843 shares during the last quarter. Hsbc Holdings PLC grew its position in Sunstone Hotel Investors by 8.0% during the 1st quarter. Hsbc Holdings PLC now owns 208,936 shares of the real estate investment trust’s stock worth $1,967,000 after purchasing an additional 15,511 shares during the period. AlphaQuest LLC purchased a new position in shares of Sunstone Hotel Investors during the 1st quarter valued at about $153,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Sunstone Hotel Investors by 62.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,881 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Price Performance

Shares of SHO stock opened at $9.13 on Friday. Sunstone Hotel Investors has a fifty-two week low of $7.45 and a fifty-two week high of $12.27. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.08. The firm has a market capitalization of $1.73 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 2.70 and a beta of 1.02. The stock’s 50-day simple moving average is $9.19 and its 200-day simple moving average is $9.15.

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

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.9%. The ex-dividend date is Wednesday, December 31st.

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.