Analysts Set Sunstone Hotel Investors, Inc. (NYSE:SHO) PT at $10.83

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been given an average rating of “Moderate Buy” by the eight research firms that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.8333.

Several brokerages recently weighed in on SHO. LADENBURG THALM/SH SH assumed coverage on shares of Sunstone Hotel Investors in a report on Thursday, March 26th. They issued a “hold” rating and a $10.00 price target on the stock. Zacks Research upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Sunstone Hotel Investors in a report on Friday, July 10th. Wall Street Zen upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Wells Fargo & Company increased their price objective on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 24th.

Sunstone Hotel Investors Stock Up 1.9%

Sunstone Hotel Investors stock opened at $11.73 on Tuesday. The business’s 50-day simple moving average is $11.20 and its two-hundred day simple moving average is $9.96. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.42 and a current ratio of 3.42. The company has a market cap of $2.19 billion, a PE ratio of 106.69, a PEG ratio of 2.62 and a beta of 0.97. Sunstone Hotel Investors has a fifty-two week low of $8.48 and a fifty-two week high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $244.29 million. During the same period last year, the business posted $0.21 earnings per share. The company’s revenue for the quarter 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. Equities analysts anticipate that Sunstone Hotel Investors will post 0.91 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio is presently 327.27%.

Insiders Place Their Bets

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the sale, the insider directly owned 573,743 shares of the company’s stock, valued at approximately $6,666,893.66. This trade represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several institutional investors and hedge funds have recently modified their holdings of SHO. Tributary Capital Management LLC lifted its stake in shares of Sunstone Hotel Investors by 14.2% in the 4th quarter. Tributary Capital Management LLC now owns 1,537,256 shares of the real estate investment trust’s stock valued at $13,743,000 after purchasing an additional 191,403 shares during the period. Legal & General Group Plc grew its position in Sunstone Hotel Investors by 12.9% during the fourth quarter. Legal & General Group Plc now owns 3,408,676 shares of the real estate investment trust’s stock valued at $30,474,000 after buying an additional 389,210 shares during the period. Centersquare Investment Management LLC grew its position in Sunstone Hotel Investors by 8.5% during the fourth quarter. Centersquare Investment Management LLC now owns 1,517,366 shares of the real estate investment trust’s stock valued at $13,565,000 after buying an additional 119,290 shares during the period. Hsbc Holdings PLC increased its holdings in Sunstone Hotel Investors by 23.1% in the fourth quarter. Hsbc Holdings PLC now owns 598,257 shares of the real estate investment trust’s stock valued at $5,353,000 after buying an additional 112,332 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in Sunstone Hotel Investors in the fourth quarter valued at $635,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

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.