Sunstone Hotel Investors (NYSE:SHO) Given New $10.00 Price Target at Wells Fargo & Company

Sunstone Hotel Investors (NYSE:SHO) had its price objective lowered by Wells Fargo & Company from $11.00 to $10.00 in a report published on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

A number of other analysts have also recently issued reports on SHO. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research downgraded Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Robert W. Baird reiterated a “neutral” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, Sunstone Hotel Investors presently has an average rating of “Hold” and an average target price of $9.25.

Sunstone Hotel Investors Stock Performance

Shares of SHO opened at $9.09 on Tuesday. The company has a market capitalization of $1.72 billion, a PE ratio of 227.18, a PEG ratio of 2.51 and a beta of 0.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.94 and a current ratio of 2.94. The company’s 50 day moving average price is $9.17 and its 200 day moving average price is $9.23. Sunstone Hotel Investors has a 52 week low of $7.45 and a 52 week high of $10.27.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Friday, February 27th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $236.97 million during the quarter, compared to the consensus estimate of $226.18 million. Sunstone Hotel Investors had a net margin of 2.56% and a return on equity of 1.44%. The company’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.16 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.810-0.940 EPS. Research analysts expect that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 4.0%. Sunstone Hotel Investors’s dividend payout ratio is presently 900.00%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC bought a new stake in shares of Sunstone Hotel Investors during the 2nd quarter worth $1,997,000. Tributary Capital Management LLC raised its holdings in Sunstone Hotel Investors by 92.4% in the 3rd quarter. Tributary Capital Management LLC now owns 2,691,706 shares of the real estate investment trust’s stock worth $25,221,000 after acquiring an additional 1,292,691 shares during the period. Westwood Holdings Group Inc. raised its holdings in Sunstone Hotel Investors by 10.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,961,174 shares of the real estate investment trust’s stock worth $34,383,000 after acquiring an additional 384,277 shares during the period. Norges Bank acquired a new position in Sunstone Hotel Investors during the 2nd quarter worth $2,143,000. Finally, Davis Selected Advisers lifted its position in Sunstone Hotel Investors by 13.5% during the 3rd quarter. Davis Selected Advisers now owns 1,311,800 shares of the real estate investment trust’s stock worth $12,292,000 after acquiring an additional 156,320 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

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.