Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $10.00 Consensus Price Target from Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been given a consensus rating of “Reduce” by the six brokerages that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $10.00.

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Sunstone Hotel Investors from $9.50 to $10.00 and gave the company an “underweight” rating in a report on Friday, December 22nd. Truist Financial lifted their target price on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Finally, StockNews.com upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st.

Institutional Trading of Sunstone Hotel Investors

A number of institutional investors and hedge funds have recently modified their holdings of the company. Rush Island Management LP raised its holdings in Sunstone Hotel Investors by 30.3% in the 3rd quarter. Rush Island Management LP now owns 9,579,732 shares of the real estate investment trust’s stock worth $89,570,000 after acquiring an additional 2,225,579 shares during the period. Wolverine Asset Management LLC grew its holdings in Sunstone Hotel Investors by 312.9% in the 3rd quarter. Wolverine Asset Management LLC now owns 86,995 shares of the real estate investment trust’s stock valued at $813,000 after buying an additional 65,924 shares during the last quarter. Tributary Capital Management LLC grew its holdings in Sunstone Hotel Investors by 11.9% in the 4th quarter. Tributary Capital Management LLC now owns 1,338,167 shares of the real estate investment trust’s stock valued at $14,359,000 after buying an additional 142,105 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Sunstone Hotel Investors by 2.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,817,209 shares of the real estate investment trust’s stock worth $35,691,000 after buying an additional 101,795 shares during the period. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Sunstone Hotel Investors by 8.8% during the third quarter. Public Employees Retirement System of Ohio now owns 651,736 shares of the real estate investment trust’s stock worth $6,094,000 after buying an additional 52,835 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Trading Down 2.1 %

Shares of NYSE:SHO opened at $10.35 on Wednesday. The firm has a fifty day moving average of $11.00 and a two-hundred day moving average of $10.44. The company has a quick ratio of 7.03, a current ratio of 7.03 and a debt-to-equity ratio of 0.43. Sunstone Hotel Investors has a 12-month low of $8.61 and a 12-month high of $11.59. The firm has a market capitalization of $2.11 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 4.25 and a beta of 1.21.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.44. The business had revenue of $219.20 million during the quarter, compared to analyst estimates of $192.56 million. Sunstone Hotel Investors had a return on equity of 11.32% and a net margin of 20.95%. Sunstone Hotel Investors’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share. On average, equities analysts expect that Sunstone Hotel Investors will post 0.85 EPS for the current fiscal year.

Sunstone Hotel Investors Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a yield of 2.71%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 27.96%.

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.