Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives Consensus Recommendation of “Hold” from Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO) has received an average rating of “Hold” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $10.57.

Several equities analysts have recently weighed in on SHO shares. Robert W. Baird raised Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $11.00 to $12.00 in a research note on Tuesday, May 28th. Truist Financial reduced their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Compass Point raised Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $10.00 to $12.00 in a research report on Tuesday, May 7th. StockNews.com lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Baird R W raised Sunstone Hotel Investors to a “strong-buy” rating in a research report on Tuesday, May 28th.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several hedge funds and other institutional investors have recently bought and sold shares of SHO. The Manufacturers Life Insurance Company increased its holdings in shares of Sunstone Hotel Investors by 7.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,281,393 shares of the real estate investment trust’s stock valued at $35,209,000 after acquiring an additional 236,708 shares during the last quarter. Norges Bank bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at approximately $14,656,000. Balyasny Asset Management L.P. increased its holdings in shares of Sunstone Hotel Investors by 313.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,873,721 shares of the real estate investment trust’s stock valued at $41,565,000 after acquiring an additional 2,937,603 shares during the last quarter. Rush Island Management LP increased its holdings in shares of Sunstone Hotel Investors by 30.3% in the 3rd quarter. Rush Island Management LP now owns 9,579,732 shares of the real estate investment trust’s stock valued at $89,570,000 after acquiring an additional 2,225,579 shares during the last quarter. Finally, Heritage Wealth Management LLC acquired a new position in Sunstone Hotel Investors during the 4th quarter valued at approximately $163,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Stock Performance

Shares of NYSE:SHO opened at $10.46 on Monday. The business has a 50-day moving average of $10.25 and a two-hundred day moving average of $10.65. The firm has a market capitalization of $2.13 billion, a PE ratio of 11.62, a P/E/G ratio of 4.97 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.17 and a quick ratio of 8.17. Sunstone Hotel Investors has a 12 month low of $8.61 and a 12 month high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.11). The firm had revenue of $217.17 million during the quarter, compared to analyst estimates of $212.00 million. Sunstone Hotel Investors had a net margin of 20.69% and a return on equity of 10.75%. As a group, research analysts forecast that Sunstone Hotel Investors will post 0.89 earnings per share for the current year.

Sunstone Hotel Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 3.44%. Sunstone Hotel Investors’s payout ratio is currently 33.33%.

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.