Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Consensus Rating of “Hold” by Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $8.9286.

A number of research firms have weighed in on SHO. Truist Financial decreased their target price on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a “hold” rating in a research report on Friday, October 3rd. Finally, Wall Street Zen lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th.

Institutional Trading of Sunstone Hotel Investors

Large investors have recently modified their holdings of the stock. CIBC Bancorp USA Inc. bought a new stake in Sunstone Hotel Investors during the 3rd quarter valued at $190,000. CANADA LIFE ASSURANCE Co grew its holdings in shares of Sunstone Hotel Investors by 0.7% during the third quarter. CANADA LIFE ASSURANCE Co now owns 456,344 shares of the real estate investment trust’s stock valued at $4,361,000 after buying an additional 3,390 shares during the last quarter. Woodline Partners LP acquired a new position in shares of Sunstone Hotel Investors during the third quarter valued at about $44,295,000. Dark Forest Capital Management LP bought a new stake in shares of Sunstone Hotel Investors during the third quarter worth about $925,000. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Sunstone Hotel Investors by 252.8% in the 3rd quarter. Alyeska Investment Group L.P. now owns 2,873,875 shares of the real estate investment trust’s stock worth $26,928,000 after acquiring an additional 2,059,222 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Performance

NYSE SHO opened at $9.36 on Monday. Sunstone Hotel Investors has a 1 year low of $7.45 and a 1 year high of $12.41. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 468.23, a P/E/G ratio of 5.32 and a beta of 1.28. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.51. The firm’s 50 day simple moving average is $9.26 and its 200 day simple moving average is $9.11.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Friday, November 7th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. The firm had revenue of $229.32 million during the quarter, compared to analysts’ expectations of $226.05 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The business’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. As a group, research analysts expect that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st.

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.