Sunstone Hotel Investors (NYSE:SHO) Sets New 1-Year High Following Analyst Upgrade

Sunstone Hotel Investors, Inc. (NYSE:SHO)’s stock price reached a new 52-week high on Thursday after JPMorgan Chase & Co. raised their price target on the stock from $10.00 to $11.00. JPMorgan Chase & Co. currently has an underweight rating on the stock. Sunstone Hotel Investors traded as high as $12.78 and last traded at $12.6110, with a volume of 5,885,614 shares changing hands. The stock had previously closed at $12.40.

SHO has been the topic of several other research reports. Wells Fargo & Company upgraded Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. Zacks Research downgraded Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Truist Financial raised their price objective 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. Finally, Wall Street Zen downgraded Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sunstone Hotel Investors currently has a consensus rating of “Hold” and a consensus price target of $11.17.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Sunstone Hotel Investors in the second quarter worth $402,089,000. Bank of America Corp DE acquired a new stake in shares of Sunstone Hotel Investors during the second quarter worth $71,074,000. Legal & General Group Plc acquired a new stake in shares of Sunstone Hotel Investors during the second quarter worth $33,113,000. SG Americas Securities LLC raised its holdings 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 during the period. Finally, William Blair Investment Management LLC acquired a new stake in shares of Sunstone Hotel Investors during the second quarter worth $16,769,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Performance

The stock’s 50-day moving average price is $11.29 and its 200-day moving average price is $11.02. 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 has a market capitalization of $2.34 billion, a P/E ratio of 57.25, a P/E/G ratio of 2.96 and a beta of 1.00.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS 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 business had revenue of $277.11 million during the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. As a group, equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.98 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 issued a $0.09 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 2.9%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 163.64%.

Sunstone Hotel Investors Company Profile

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.