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

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned an average rating of “Reduce” from the six brokerages that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $10.00.

SHO has been the topic of a number of recent research reports. StockNews.com raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Truist Financial upped their target price on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock a “hold” rating in a report on Thursday, March 14th.

Sunstone Hotel Investors Stock Up 1.4 %

SHO stock opened at $10.19 on Friday. The stock’s 50 day simple moving average is $10.84 and its 200 day simple moving average is $10.51. The company has a market cap of $2.08 billion, a P/E ratio of 10.96, a price-to-earnings-growth ratio of 3.93 and a beta of 1.22. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.03 and a current ratio of 7.03. Sunstone Hotel Investors has a fifty-two week low of $8.61 and a fifty-two week high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.44. Sunstone Hotel Investors had a return on equity of 11.32% and a net margin of 20.95%. The company had revenue of $219.20 million for the quarter, compared to analyst estimates of $192.56 million. During the same period in the prior year, the firm earned $0.26 earnings per share. Sunstone Hotel Investors’s revenue for the quarter was down 10.2% on a year-over-year basis. On average, research analysts expect that Sunstone Hotel Investors will post 0.85 earnings per share for the current fiscal year.

Sunstone Hotel Investors Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date was Wednesday, March 27th. Sunstone Hotel Investors’s dividend payout ratio is 27.96%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. grew its stake in 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 purchasing an additional 2,937,603 shares during the period. Rush Island Management LP boosted 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 worth $89,570,000 after buying an additional 2,225,579 shares during the last quarter. Norges Bank bought a new position in Sunstone Hotel Investors during the fourth quarter valued at about $14,656,000. Tudor Investment Corp Et Al increased its holdings in Sunstone Hotel Investors by 101.8% during the third quarter. Tudor Investment Corp Et Al now owns 489,639 shares of the real estate investment trust’s stock worth $4,578,000 after buying an additional 247,058 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Sunstone Hotel Investors by 7.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,281,393 shares of the real estate investment trust’s stock worth $35,209,000 after acquiring an additional 236,708 shares during the period. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

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.