Analysts Set Sunstone Hotel Investors, Inc. (NYSE:SHO) Price Target at $10.00

Sunstone Hotel Investors, Inc. (NYSE:SHO) has received an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.00.

SHO has been the topic of a number of recent analyst reports. Jefferies Financial Group cut their price target on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Truist Financial cut their price target on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Wells Fargo & Company cut their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Morgan Stanley cut their price target on shares of Sunstone Hotel Investors from $9.00 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 22nd. Finally, Evercore ISI upgraded shares of Sunstone Hotel Investors from an “in-line” rating to an “outperform” rating and set a $10.00 price target on the stock in a research note on Friday, May 16th.

Institutional Trading of Sunstone Hotel Investors

Hedge funds have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sunstone Hotel Investors during the fourth quarter worth $33,000. Smartleaf Asset Management LLC boosted its holdings in Sunstone Hotel Investors by 442.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 2,448 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in Sunstone Hotel Investors during the fourth quarter worth $42,000. GAMMA Investing LLC boosted its holdings in Sunstone Hotel Investors by 47.7% during the first quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,560 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in Sunstone Hotel Investors by 805.2% during the fourth quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 5,701 shares in the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Trading Down 2.1%

NYSE SHO opened at $8.90 on Monday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.77 billion, a PE ratio of 11.70, a price-to-earnings-growth ratio of 4.52 and a beta of 1.27. The company has a 50 day moving average price of $8.54 and a 200 day moving average price of $10.20. Sunstone Hotel Investors has a 52 week low of $7.45 and a 52 week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.03. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business had revenue of $234.07 million for the quarter, compared to analyst estimates of $243.34 million. During the same quarter in the prior year, the business posted $0.18 EPS. Sunstone Hotel Investors’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.09 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.05%. Sunstone Hotel Investors’s payout ratio is currently 360.00%.

About Sunstone Hotel Investors

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.