Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Average Recommendation of “Hold” by Analysts

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $8.9286.

Several research firms have recently weighed in on SHO. Truist Financial cut their price target on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, October 8th. 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, Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a “hold” rating in a research note on Friday, October 3rd.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sunstone Hotel Investors by 12.5% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 144,330 shares of the real estate investment trust’s stock valued at $1,358,000 after purchasing an additional 16,032 shares during the period. Federated Hermes Inc. bought a new stake in shares of Sunstone Hotel Investors during the first quarter valued at about $124,000. Vestcor Inc bought a new stake in shares of Sunstone Hotel Investors during the first quarter valued at about $276,000. Natixis Advisors LLC lifted its holdings in shares of Sunstone Hotel Investors by 3.7% in the first quarter. Natixis Advisors LLC now owns 87,260 shares of the real estate investment trust’s stock worth $821,000 after buying an additional 3,144 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd bought a new position in shares of Sunstone Hotel Investors in the first quarter valued at approximately $1,504,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Stock Down 0.3%

Sunstone Hotel Investors stock opened at $9.36 on Monday. Sunstone Hotel Investors has a fifty-two week low of $7.45 and a fifty-two week high of $12.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.73 and a current ratio of 2.73. The firm’s 50-day simple moving average is $9.26 and its 200 day simple moving average is $9.11. The stock has a market cap of $1.78 billion, a PE ratio of 468.23, a price-to-earnings-growth ratio of 5.32 and a beta of 1.28.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results 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 business had revenue of $229.32 million for the quarter, compared to analyst estimates of $226.05 million. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.Sunstone Hotel Investors’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. Research analysts predict that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.8%.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.