Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) PT at $11.57

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been given an average recommendation of “Hold” by the eight research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.57.

Several research firms have commented on SHO. Truist Financial decreased their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Morgan Stanley reissued an “underweight” rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Wells Fargo & Company cut their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Jefferies Financial Group upped their price target on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd.

Sunstone Hotel Investors Price Performance

SHO opened at $9.48 on Wednesday. The stock has a fifty day moving average price of $10.70 and a 200 day moving average price of $10.87. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors has a 1 year low of $9.39 and a 1 year high of $12.41. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 4.52 and a beta of 1.19.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $214.77 million during the quarter, compared to analyst estimates of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. Analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.09 per share. The ex-dividend date is Monday, March 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.80%. Sunstone Hotel Investors’s payout ratio is 257.14%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several hedge funds have recently made changes to their positions in SHO. Point72 Asia Singapore Pte. Ltd. bought a new position in Sunstone Hotel Investors during the fourth quarter valued at about $33,000. Smartleaf Asset Management LLC grew its holdings in shares of Sunstone Hotel Investors by 442.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 2,448 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Sunstone Hotel Investors by 114.1% during the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,743 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Sunstone Hotel Investors in the fourth quarter valued at $42,000. Finally, Sterling Capital Management LLC raised its stake in shares of Sunstone Hotel Investors by 805.2% in the fourth quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 5,701 shares in the last quarter. Institutional investors own 99.37% of the company’s stock.

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.