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

Sunstone Hotel Investors, Inc. (NYSE:SHO)’s share price reached a new 52-week high on Thursday . The company traded as high as $10.66 and last traded at $10.6650, with a volume of 2011769 shares. The stock had previously closed at $10.55.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on SHO shares. Wall Street Zen upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Citigroup increased their price objective on Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Zacks Research raised Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research note on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, January 21st. Finally, LADENBURG THALM/SH SH started 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 analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $10.00.

Sunstone Hotel Investors Price Performance

The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average is $9.55 and its 200-day moving average is $9.32. The company has a market cap of $1.99 billion, a PE ratio of 97.22, a PEG ratio of 2.41 and a beta of 0.96.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. The company had revenue of $259.71 million during the quarter, compared to the consensus estimate of $244.30 million. During the same period in the prior year, the firm earned $0.21 earnings per share. Sunstone Hotel Investors’s revenue was up 10.9% on a year-over-year basis. 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 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.4%. Sunstone Hotel Investors’s dividend payout ratio is currently 327.27%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Hedge funds have recently made changes to their positions in the company. Balyasny Asset Management L.P. bought a new stake in Sunstone Hotel Investors during the 2nd quarter valued at about $41,332,000. Woodline Partners LP bought a new position in shares of Sunstone Hotel Investors in the third quarter worth approximately $44,295,000. Alyeska Investment Group L.P. lifted its stake in shares of Sunstone Hotel Investors by 86.8% in the fourth 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 buying an additional 2,495,914 shares in the last quarter. SG Americas Securities LLC grew 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 valued at $20,222,000 after buying an additional 2,132,180 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Sunstone Hotel Investors by 21.1% during the first quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock valued at $90,997,000 after acquiring an additional 1,757,965 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors.

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.