Sunstone Hotel Investors (NYSE:SHO) Hits New 12-Month Low – Here’s Why

Sunstone Hotel Investors, Inc. (NYSE:SHO) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $8.67 and last traded at $8.64, with a volume of 1608061 shares. The stock had previously closed at $9.45.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley reissued an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Wells Fargo & Company lowered their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group lifted their price objective on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Truist Financial decreased their target price on shares of 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. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus price target of $11.57.

Sunstone Hotel Investors Price Performance

The company has a 50 day moving average of $10.56 and a two-hundred day moving average of $10.86. The firm has a market cap of $1.74 billion, a P/E ratio of 11.35, a PEG ratio of 4.52 and a beta of 1.19. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44.

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

Sunstone Hotel Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 annualized dividend and a dividend yield of 4.17%. Sunstone Hotel Investors’s dividend payout ratio is currently 257.14%.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GF Fund Management CO. LTD. acquired a new stake in shares of Sunstone Hotel Investors during the fourth quarter worth $42,000. Public Employees Retirement System of Ohio increased its stake in Sunstone Hotel Investors by 3.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 628,941 shares of the real estate investment trust’s stock worth $7,447,000 after purchasing an additional 18,792 shares in the last quarter. Woodline Partners LP acquired a new stake in Sunstone Hotel Investors during the 4th quarter worth about $17,309,000. Squarepoint Ops LLC raised its holdings in Sunstone Hotel Investors by 200.2% during the 4th quarter. Squarepoint Ops LLC now owns 127,195 shares of the real estate investment trust’s stock worth $1,506,000 after buying an additional 84,824 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sunstone Hotel Investors during the fourth quarter valued at about $33,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

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.