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

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

Several research firms have recently weighed in on SHO. Wells Fargo & Company dropped their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group boosted their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Finally, Truist Financial decreased their target price 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.

Institutional Investors Weigh In On Sunstone Hotel Investors

Large investors have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sunstone Hotel Investors in the fourth quarter valued at approximately $33,000. Smartleaf Asset Management LLC raised its stake in Sunstone Hotel Investors by 442.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 2,448 shares in the last quarter. GAMMA Investing LLC boosted its position in Sunstone Hotel Investors by 114.1% during the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,743 shares during the period. GF Fund Management CO. LTD. bought a new position in shares of Sunstone Hotel Investors in the fourth quarter worth $42,000. Finally, Sterling Capital Management LLC grew its stake in shares of Sunstone Hotel Investors by 805.2% in the fourth quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 5,701 shares in the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Trading Down 2.2 %

NYSE:SHO opened at $9.48 on Wednesday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 12.47, a price-to-earnings-growth ratio of 4.52 and a beta of 1.19. Sunstone Hotel Investors has a one year low of $9.39 and a one 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 50-day simple moving average is $10.70 and its 200 day simple moving average is $10.88.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. As a group, sell-side analysts predict that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.80%. Sunstone Hotel Investors’s dividend payout ratio is currently 257.14%.

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.