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

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have earned an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $11.57.

A number of brokerages recently issued reports on SHO. Morgan Stanley reiterated an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Jefferies Financial Group raised their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on 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. Finally, Truist Financial cut their price target on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, March 21st.

Sunstone Hotel Investors Stock Performance

NYSE SHO opened at $9.78 on Wednesday. The company’s 50 day moving average is $10.82 and its 200-day moving average is $10.89. The firm has a market cap of $1.97 billion, a P/E ratio of 12.87, a price-to-earnings-growth ratio of 4.52 and a beta of 1.19. Sunstone Hotel Investors has a 12-month low of $9.39 and a 12-month high of $12.41. 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 announced its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $214.77 million during the quarter, compared to analysts’ expectations of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. Sell-side analysts predict that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.68%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 257.14%.

Institutional Trading of Sunstone Hotel Investors

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Sunstone Hotel Investors by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock valued at $49,284,000 after buying an additional 1,130,558 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Sunstone Hotel Investors during the 3rd quarter worth $573,000. NFJ Investment Group LLC acquired a new position in shares of Sunstone Hotel Investors during the third quarter worth $3,220,000. Principal Financial Group Inc. raised its stake in Sunstone Hotel Investors by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust’s stock valued at $11,566,000 after buying an additional 116,058 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Sunstone Hotel Investors by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,247,927 shares of the real estate investment trust’s stock worth $54,169,000 after acquiring an additional 109,327 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

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.