Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives Consensus Rating of “Hold” from Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $11.57.

Several research analysts have issued reports on SHO shares. Wells Fargo & Company decreased their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley reiterated an “underweight” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Jefferies Financial Group lifted their price objective on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Finally, Truist Financial decreased their price objective on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, March 21st.

Sunstone Hotel Investors Stock Down 2.2 %

Shares of SHO stock opened at $9.48 on Wednesday. Sunstone Hotel Investors has a 1 year low of $9.39 and a 1 year high of $12.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The business’s fifty day moving average is $10.70 and its 200-day moving average is $10.88. The stock has a market cap of $1.91 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 4.52 and a beta of 1.19.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. Equities analysts expect that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 257.14%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Hedge funds have recently bought and sold shares of the business. Intech Investment Management LLC bought a new stake in Sunstone Hotel Investors during the third quarter worth approximately $573,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sunstone Hotel Investors by 3.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,081,978 shares of the real estate investment trust’s stock worth $42,126,000 after buying an additional 117,390 shares during the period. Daiwa Securities Group Inc. boosted its holdings in shares of Sunstone Hotel Investors by 7.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 67,830 shares of the real estate investment trust’s stock worth $700,000 after buying an additional 4,492 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Sunstone Hotel Investors by 460.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,414,372 shares of the real estate investment trust’s stock valued at $14,596,000 after buying an additional 1,161,792 shares during the last quarter. Finally, Verition Fund Management LLC bought a new position in Sunstone Hotel Investors in the 3rd quarter worth $1,459,000. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Company Profile

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.