Sunstone Hotel Investors (NYSE:SHO) Cut to Sell at StockNews.com

StockNews.com lowered shares of Sunstone Hotel Investors (NYSE:SHO) from a hold rating to a sell rating in a report published on Friday.

Several other equities research analysts also recently commented on SHO. Truist Financial lifted their target price on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock a hold rating in a research report on Thursday, March 14th. Compass Point raised Sunstone Hotel Investors from a sell rating to a neutral rating and lifted their price target for the stock from $10.00 to $12.00 in a research note on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $10.50.

Sunstone Hotel Investors Stock Performance

Shares of Sunstone Hotel Investors stock traded up $0.02 during trading hours on Friday, hitting $10.32. 934,604 shares of the company’s stock traded hands, compared to its average volume of 1,590,390. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.17 and a quick ratio of 8.17. Sunstone Hotel Investors has a 12-month low of $8.61 and a 12-month high of $11.59. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 4.96 and a beta of 1.22. The company has a fifty day simple moving average of $10.59 and a 200-day simple moving average of $10.60.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.11). Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. The business had revenue of $217.17 million during the quarter, compared to analysts’ expectations of $212.00 million. Equities research analysts anticipate that Sunstone Hotel Investors will post 0.88 EPS for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.49%. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 33.33%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Institutional investors and hedge funds have recently made changes to their positions in the stock. Balyasny Asset Management L.P. raised its holdings in Sunstone Hotel Investors by 313.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,873,721 shares of the real estate investment trust’s stock worth $41,565,000 after buying an additional 2,937,603 shares during the last quarter. Rush Island Management LP grew its position in shares of Sunstone Hotel Investors by 30.3% during the third quarter. Rush Island Management LP now owns 9,579,732 shares of the real estate investment trust’s stock worth $89,570,000 after acquiring an additional 2,225,579 shares during the last quarter. Norges Bank purchased a new stake in Sunstone Hotel Investors in the 4th quarter valued at about $14,656,000. Tudor Investment Corp Et Al raised its position in shares of Sunstone Hotel Investors by 101.8% during the 3rd quarter. Tudor Investment Corp Et Al now owns 489,639 shares of the real estate investment trust’s stock valued at $4,578,000 after acquiring an additional 247,058 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Sunstone Hotel Investors by 7.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 3,281,393 shares of the real estate investment trust’s stock worth $35,209,000 after acquiring an additional 236,708 shares in the last quarter. Institutional investors 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.