JPMorgan Chase & Co. Issues Positive Forecast for Sunstone Hotel Investors (NYSE:SHO) Stock Price

Sunstone Hotel Investors (NYSE:SHO) had its price objective increased by JPMorgan Chase & Co. from $9.00 to $10.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

A number of other research firms also recently weighed in on SHO. Citigroup boosted their price target on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial upped their target price on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Thursday, March 26th. Wall Street Zen raised Sunstone Hotel Investors from a “hold” rating to a “buy” rating in a research note on Saturday. LADENBURG THALM/SH SH initiated coverage on Sunstone Hotel Investors in a research note on Thursday, March 26th. They set a “hold” rating and a $10.00 price objective for the company. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Sunstone Hotel Investors in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $10.71.

Sunstone Hotel Investors Price Performance

Shares of SHO stock opened at $11.85 on Tuesday. The firm has a market cap of $2.21 billion, a price-to-earnings ratio of 107.69, a PEG ratio of 2.64 and a beta of 0.97. Sunstone Hotel Investors has a 12 month low of $8.48 and a 12 month high of $12.07. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.58. The stock has a 50-day moving average price of $11.27 and a 200 day moving average price of $10.01.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The company had revenue of $259.71 million for the quarter, compared to the consensus estimate of $244.29 million. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Research analysts expect that Sunstone Hotel Investors will post 0.91 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio is 327.27%.

Insider Activity

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of Sunstone Hotel Investors stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total value of $1,041,512.22. Following the sale, the insider owned 573,743 shares of the company’s stock, valued at $6,666,893.66. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Kestra Advisory Services LLC acquired a new stake in Sunstone Hotel Investors in the 4th quarter valued at approximately $26,000. North Star Investment Management Corp. acquired a new position in Sunstone Hotel Investors during the 1st quarter worth approximately $27,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Sunstone Hotel Investors by 27.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,135 shares during the last quarter. FIL Ltd grew its stake in shares of Sunstone Hotel Investors by 57.2% during the 4th quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 3,280 shares in the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $88,000. 99.37% of the stock is owned by institutional investors and hedge funds.

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.