Sunstone Hotel Investors (NYSE:SHO) Raised to Equal Weight at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Sunstone Hotel Investors (NYSE:SHO) from an underweight rating to an equal weight rating in a research report report published on Friday, Marketbeat Ratings reports. They currently have $10.50 price objective on the real estate investment trust’s stock.

A number of other research analysts have also commented on the company. Baird R W raised Sunstone Hotel Investors to a strong-buy rating in a report on Tuesday, May 28th. StockNews.com lowered Sunstone Hotel Investors from a hold rating to a sell rating in a report on Thursday, August 1st. Truist Financial reduced their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set a hold rating on the stock in a report on Thursday, May 30th. Robert W. Baird raised Sunstone Hotel Investors from a neutral rating to an outperform rating and increased their target price for the stock from $11.00 to $12.00 in a report on Tuesday, May 28th. Finally, Wolfe Research raised Sunstone Hotel Investors from a peer perform rating to an outperform rating and set a $12.00 target price on the stock in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $11.07.

Sunstone Hotel Investors Stock Up 0.1 %

SHO stock opened at $10.16 on Friday. The company has a current ratio of 3.75, a quick ratio of 3.75 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $2.07 billion, a PE ratio of 11.30, a PEG ratio of 4.22 and a beta of 1.25. Sunstone Hotel Investors has a 1-year low of $8.89 and a 1-year high of $11.59. The business’s 50 day simple moving average is $10.16 and its 200 day simple moving average is $10.40.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). The business had revenue of $247.50 million for the quarter, compared to analyst estimates of $248.12 million. Sunstone Hotel Investors had a return on equity of 9.75% and a net margin of 19.51%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.33 earnings per share. As a group, research analysts anticipate that Sunstone Hotel Investors will post 0.89 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 3.54%. Sunstone Hotel Investors’s dividend payout ratio is currently 33.33%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Large investors have recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in Sunstone Hotel Investors in the first quarter valued at about $30,000. Federated Hermes Inc. acquired a new stake in shares of Sunstone Hotel Investors in the second quarter valued at about $34,000. Quarry LP increased its stake in shares of Sunstone Hotel Investors by 584.1% in the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 3,680 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Sunstone Hotel Investors in the first quarter valued at about $49,000. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Sunstone Hotel Investors in the second quarter valued at about $52,000. 99.37% of the stock is currently owned by institutional investors.

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.