Wells Fargo & Company Lowers Sunstone Hotel Investors (NYSE:SHO) Price Target to $10.00

Sunstone Hotel Investors (NYSE:SHO) had its price target cut by Wells Fargo & Company from $11.00 to $10.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 9.35% from the company’s current price.

Other equities analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, January 21st. Zacks Research downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Wall Street Zen upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.25.

Sunstone Hotel Investors Stock Performance

SHO traded up $0.04 during midday trading on Tuesday, reaching $9.15. The company had a trading volume of 105,222 shares, compared to its average volume of 2,014,384. The business has a 50-day moving average of $9.18 and a two-hundred day moving average of $9.24. The company has a quick ratio of 2.94, a current ratio of 2.94 and a debt-to-equity ratio of 0.55. Sunstone Hotel Investors has a 1 year low of $7.45 and a 1 year high of $10.27. The company has a market cap of $1.73 billion, a P/E ratio of 228.68, a P/E/G ratio of 2.44 and a beta of 0.97.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Friday, February 27th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. The firm had revenue of $236.97 million for the quarter, compared to analysts’ expectations of $226.18 million. Sunstone Hotel Investors had a return on equity of 1.44% and a net margin of 2.56%.The business’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.16 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.810-0.940 EPS. As a group, equities research analysts predict that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sunstone Hotel Investors

Hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC lifted its position in Sunstone Hotel Investors by 23.1% during 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 purchasing an additional 112,332 shares during the last quarter. Alpine Global Management LLC bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter worth about $176,000. Mercer Global Advisors Inc. ADV raised its position in shares of Sunstone Hotel Investors by 14.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 44,563 shares of the real estate investment trust’s stock valued at $398,000 after buying an additional 5,567 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of Sunstone Hotel Investors during the 4th quarter valued at about $235,000. Finally, Voloridge Investment Management LLC bought a new position in shares of Sunstone Hotel Investors in the 4th quarter valued at about $931,000. Hedge funds and other institutional investors 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.