Sunstone Hotel Investors, Inc. (NYSE:SHO) Stock Rated “Hold” by Sell-Side Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $11.00.

SHO has been the subject of a number of research analyst reports. Zacks Research lowered shares of Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Truist Financial lifted their price target 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 raised Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wall Street Zen lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Wells Fargo & Company raised Sunstone Hotel Investors to a “strong-buy” rating in a research report on Thursday, July 23rd.

Sunstone Hotel Investors Stock Performance

Shares of SHO stock opened at $11.30 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. Sunstone Hotel Investors has a 52 week low of $8.69 and a 52 week high of $12.07. The company’s 50 day moving average price is $11.20 and its two-hundred day moving average price is $10.74. The company has a market capitalization of $2.10 billion, a P/E ratio of 51.36, a price-to-earnings-growth ratio of 2.65 and a beta of 1.00.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.06. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. The company had revenue of $277.11 million during the quarter, compared to analysts’ expectations of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. On average, analysts expect that Sunstone Hotel Investors will post 0.97 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $0.36 annualized dividend and a yield of 3.2%. Sunstone Hotel Investors’s payout ratio is presently 163.64%.

Hedge Funds Weigh In On Sunstone Hotel Investors

A number of large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in Sunstone Hotel Investors during the second quarter worth $402,089,000. Bank of America Corp DE acquired a new stake in Sunstone Hotel Investors in the second quarter valued at $71,074,000. Legal & General Group Plc acquired a new stake in Sunstone Hotel Investors in the second quarter valued at $33,113,000. SG Americas Securities LLC grew its position in shares of Sunstone Hotel Investors by 1,899.5% in the 1st quarter. SG Americas Securities LLC now owns 2,244,427 shares of the real estate investment trust’s stock valued at $20,222,000 after acquiring an additional 2,132,180 shares during the period. Finally, William Blair Investment Management LLC bought a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $16,769,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a real estate investment trust (REIT) that owns, acquires, renovates and manages hotels in the United States. The company focuses primarily on upscale and upper-upscale lodging properties located in major urban, coastal and resort destinations.

Its portfolio includes independent and branded hotels serving business and leisure travelers. Properties may operate under well-known hospitality brands or as independent hotels, and typically offer guest rooms, meeting and event facilities, restaurants, bars, spas and other hospitality services.