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

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 12 month target price among brokers that have covered the stock in the last year is $9.1429.

SHO has been the subject of several analyst reports. Wall Street Zen cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, October 8th. Truist Financial cut their price target on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Finally, Wells Fargo & Company increased their price target on Sunstone Hotel Investors from $8.50 to $10.00 and gave the stock an “equal weight” rating in a research report on Monday, December 1st.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hantz Financial Services Inc. grew its stake in Sunstone Hotel Investors by 951.7% during the second quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 2,722 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Sunstone Hotel Investors by 210.4% during the 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 2,464 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Sunstone Hotel Investors by 62.7% during the 1st quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,881 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Sunstone Hotel Investors by 33.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 1,595 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in Sunstone Hotel Investors by 46.8% in the second quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 2,087 shares during the last quarter. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Trading Up 0.6%

Shares of NYSE:SHO opened at $9.09 on Friday. Sunstone Hotel Investors has a 12-month low of $7.45 and a 12-month high of $12.27. The business has a 50 day moving average of $9.19 and a 200-day moving average of $9.14. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.55. The stock has a market cap of $1.73 billion, a PE ratio of 11.09, a P/E/G ratio of 2.69 and a beta of 1.03.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Friday, November 7th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Sunstone Hotel Investors had a return on equity of 1.04% and a net margin of 1.94%.The firm had revenue of $229.32 million for the quarter, compared to analyst estimates of $226.05 million. During the same period in the prior year, the firm posted $0.18 EPS. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. As a group, equities research analysts forecast that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.