Sunstone Hotel Investors (NYSE:SHO) Sees Unusually-High Trading Volume – What’s Next?

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) saw unusually-high trading volume on Tuesday . Approximately 5,967,845 shares changed hands during mid-day trading, an increase of 235% from the previous session’s volume of 1,783,802 shares.The stock last traded at $8.9150 and had previously closed at $9.03.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Wells Fargo & Company upgraded Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $10.00 to $11.00 in a research note on Monday, January 5th. Zacks Research lowered shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Robert W. Baird reaffirmed a “neutral” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a research report on Monday, January 12th. 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, January 21st. Three investment analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.38.

Sunstone Hotel Investors Price Performance

The business has a fifty day moving average of $9.14 and a two-hundred day moving average of $9.19. 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 $1.70 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 1.79 and a beta of 1.02.

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

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date was Wednesday, December 31st.

Institutional Trading of Sunstone Hotel Investors

Hedge funds have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Sunstone Hotel Investors by 27.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,135 shares in the last quarter. California State Teachers Retirement System grew its stake in shares of Sunstone Hotel Investors by 0.7% in the second quarter. California State Teachers Retirement System now owns 178,604 shares of the real estate investment trust’s stock valued at $1,550,000 after acquiring an additional 1,170 shares in the last quarter. AQR Capital Management LLC increased its position in Sunstone Hotel Investors by 1.6% during the first quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock worth $789,000 after acquiring an additional 1,307 shares during the period. Ethic Inc. increased its position in Sunstone Hotel Investors by 12.7% during the second quarter. Ethic Inc. now owns 13,936 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 1,573 shares during the period. Finally, GAMMA Investing LLC raised its stake in Sunstone Hotel Investors by 33.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 1,595 shares in the last quarter. 99.37% of the stock is 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.