Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives Average Rating of “Hold” from Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $10.75.

Several research analysts have recently commented on SHO shares. StockNews.com upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Wednesday. Compass Point raised Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $10.00 to $12.00 in a research note on Tuesday, May 7th. Wolfe Research raised Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a research note on Wednesday, July 10th. Truist Financial cut their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Finally, Robert W. Baird upgraded shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and upped their price target for the company from $11.00 to $12.00 in a report on Tuesday, May 28th.

Institutional Trading of Sunstone Hotel Investors

Several large investors have recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in shares of Sunstone Hotel Investors in the 1st quarter worth approximately $30,000. Plato Investment Management Ltd bought a new stake in shares of Sunstone Hotel Investors during the first quarter valued at approximately $49,000. 1620 Investment Advisors Inc. purchased a new stake in Sunstone Hotel Investors in the second quarter worth $52,000. Quadrant Capital Group LLC raised its holdings in Sunstone Hotel Investors by 35.4% in the fourth quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,387 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Sunstone Hotel Investors by 342.9% during the second quarter. Blue Trust Inc. now owns 7,406 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 5,734 shares during the period. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Stock Performance

NYSE:SHO opened at $10.53 on Friday. Sunstone Hotel Investors has a 1-year low of $8.61 and a 1-year high of $11.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.17 and a quick ratio of 8.17. The business has a 50 day moving average of $10.27 and a 200 day moving average of $10.60. The company has a market capitalization of $2.14 billion, a price-to-earnings ratio of 11.70, a PEG ratio of 4.92 and a beta of 1.24.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. The business had revenue of $217.17 million for the quarter, compared to analysts’ expectations of $212.00 million. On average, sell-side analysts predict that Sunstone Hotel Investors will post 0.9 earnings per share for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.09 per share. The ex-dividend date was Friday, June 28th. This represents a $0.36 annualized dividend and a dividend yield of 3.42%. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. 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.