Sunstone Hotel Investors (NYSE:SHO) Given New $11.00 Price Target at Truist Financial

Sunstone Hotel Investors (NYSE:SHO) had its price target hoisted by Truist Financial from $10.00 to $11.00 in a research report released on Thursday,Benzinga reports. Truist Financial currently has a hold rating on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on SHO. Zacks Research downgraded Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Robert W. Baird restated a “neutral” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, January 21st. Wall Street Zen upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Wells Fargo & Company decreased their target price on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set an “overweight” rating for the company in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $9.44.

Sunstone Hotel Investors Stock Performance

Shares of SHO opened at $9.25 on Thursday. Sunstone Hotel Investors has a 12 month low of $7.45 and a 12 month high of $10.27. The firm has a fifty day simple moving average of $9.18 and a 200 day simple moving average of $9.23. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 231.36, a PEG ratio of 2.55 and a beta of 0.97. The company has a current ratio of 2.94, a quick ratio of 2.94 and a debt-to-equity ratio of 0.55.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Friday, February 27th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.02. Sunstone Hotel Investors had a net margin of 2.56% and a return on equity of 1.44%. The firm had revenue of $236.97 million for the quarter, compared to analyst estimates of $226.18 million. During the same period in the previous year, the business earned $0.16 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2026 guidance at 0.810-0.940 EPS. Research analysts forecast 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. Investors of record on Tuesday, March 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.9%. Sunstone Hotel Investors’s payout ratio is presently 900.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Squarepoint Ops LLC bought a new stake in Sunstone Hotel Investors in the 2nd quarter valued at $1,997,000. Tributary Capital Management LLC increased its position in Sunstone Hotel Investors by 92.4% during 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 buying an additional 1,292,691 shares during the period. Westwood Holdings Group Inc. lifted its holdings in shares of Sunstone Hotel Investors by 10.7% during the second quarter. Westwood Holdings Group Inc. now owns 3,961,174 shares of the real estate investment trust’s stock worth $34,383,000 after buying an additional 384,277 shares in the last quarter. Norges Bank acquired a new stake in shares of Sunstone Hotel Investors during the second quarter worth $2,143,000. Finally, Davis Selected Advisers boosted its position in shares of Sunstone Hotel Investors by 13.5% in the third quarter. Davis Selected Advisers now owns 1,311,800 shares of the real estate investment trust’s stock valued at $12,292,000 after acquiring an additional 156,320 shares during the period. 99.37% of the stock is owned by institutional investors.

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.