JPMorgan Chase & Co. Raises Sunstone Hotel Investors (NYSE:SHO) Price Target to $10.00

Sunstone Hotel Investors (NYSE:SHO) had its price target lifted by equities researchers at JPMorgan Chase & Co. from $9.00 to $10.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target suggests a potential downside of 14.86% from the company’s previous close.

SHO has been the topic of several other reports. Wall Street Zen upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating in a report on Saturday, July 18th. Truist Financial boosted their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Thursday, March 26th. LADENBURG THALM/SH SH initiated coverage on Sunstone Hotel Investors in a report on Thursday, March 26th. They issued a “hold” rating and a $10.00 price target on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Sunstone Hotel Investors in a research note on Friday, July 10th. Finally, Wells Fargo & Company upped their price objective on Sunstone Hotel Investors from $12.00 to $13.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $10.71.

Sunstone Hotel Investors Stock Down 0.9%

NYSE SHO opened at $11.74 on Tuesday. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.58. Sunstone Hotel Investors has a 52 week low of $8.48 and a 52 week high of $12.07. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 106.78, a PEG ratio of 2.56 and a beta of 0.97. The company has a fifty day moving average of $11.30 and a two-hundred day moving average of $10.03.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. The business had revenue of $259.71 million for the quarter, compared to the consensus estimate of $244.29 million. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.21 earnings per share. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. On average, analysts predict that Sunstone Hotel Investors will post 0.91 earnings per share for the current year.

Insider Transactions at Sunstone Hotel Investors

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 shares were sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the transaction, the insider directly owned 573,743 shares in the company, valued at $6,666,893.66. This represents a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sunstone Hotel Investors

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at approximately $26,000. North Star Investment Management Corp. purchased a new position in Sunstone Hotel Investors during the first quarter valued at approximately $27,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Sunstone Hotel Investors by 27.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 1,135 shares in the last quarter. FIL Ltd raised its stake in Sunstone Hotel Investors by 57.2% in the fourth quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 3,280 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in Sunstone Hotel Investors during the second quarter worth $88,000. Institutional investors own 99.37% of the company’s stock.

About Sunstone Hotel Investors

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.