Sunstone Hotel Investors (NYSE:SHO) Hits New 12-Month High – Here’s What Happened

Sunstone Hotel Investors, Inc. (NYSE:SHO)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $11.58 and last traded at $11.5750, with a volume of 289820 shares traded. The stock had previously closed at $11.50.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on SHO. Truist Financial boosted their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, March 26th. Citigroup boosted their price target on Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Wells Fargo & Company increased their price target on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company an “overweight” rating in a research note on Monday. Finally, LADENBURG THALM/SH SH assumed coverage on Sunstone Hotel Investors in a research note on Thursday, March 26th. They issued a “hold” rating and a $10.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus target price of $10.29.

Sunstone Hotel Investors Stock Performance

The firm has a market capitalization of $2.15 billion, a P/E ratio of 105.15, a price-to-earnings-growth ratio of 2.62 and a beta of 0.98. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average of $9.95 and a 200-day moving average of $9.45.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The firm had revenue of $259.71 million during the quarter, compared to the consensus estimate of $244.30 million. During the same period last year, the business posted $0.21 EPS. The business’s revenue was up 10.9% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. On average, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.91 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 327.27%.

Institutional Trading of Sunstone Hotel Investors

A number of large investors have recently bought and sold shares of SHO. Balyasny Asset Management L.P. acquired a new stake in Sunstone Hotel Investors during the 2nd quarter worth about $41,332,000. Woodline Partners LP acquired a new stake in Sunstone Hotel Investors during the 3rd quarter worth about $44,295,000. Alyeska Investment Group L.P. grew its holdings in Sunstone Hotel Investors by 86.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 5,369,789 shares of the real estate investment trust’s stock worth $48,006,000 after acquiring an additional 2,495,914 shares during the period. SG Americas Securities LLC grew its holdings in Sunstone Hotel Investors by 1,899.5% during the 1st quarter. SG Americas Securities LLC now owns 2,244,427 shares of the real estate investment trust’s stock worth $20,222,000 after acquiring an additional 2,132,180 shares during the period. Finally, Bank of America Corp DE grew its holdings 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 period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Company Profile

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.