Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $9.38 Consensus Target Price from Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO) has earned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $9.3750.

SHO has been the subject of a number of recent analyst reports. Wall Street Zen cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Zacks Research lowered shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $10.00 to $11.00 in a research report on Monday, January 5th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in Sunstone Hotel Investors by 4.9% in the 2nd quarter. State Street Corp now owns 12,179,383 shares of the real estate investment trust’s stock worth $106,784,000 after acquiring an additional 571,619 shares during the period. Bank of America Corp DE lifted its position in shares of Sunstone Hotel Investors by 7.1% during the third quarter. Bank of America Corp DE now owns 7,753,798 shares of the real estate investment trust’s stock worth $72,653,000 after purchasing an additional 513,641 shares in the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Sunstone Hotel Investors during the second quarter worth $41,332,000. Woodline Partners LP purchased a new position in shares of Sunstone Hotel Investors in the third quarter valued at $44,295,000. Finally, Westwood Holdings Group Inc. grew its holdings in Sunstone Hotel Investors by 10.7% during the 2nd quarter. Westwood Holdings Group Inc. now owns 3,961,174 shares of the real estate investment trust’s stock valued at $34,383,000 after purchasing an additional 384,277 shares in the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Stock Performance

Shares of NYSE SHO opened at $9.02 on Tuesday. The company has a market capitalization of $1.71 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 1.85 and a beta of 1.02. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.08. The company’s fifty day moving average price is $9.16 and its 200 day moving average price is $9.20. Sunstone Hotel Investors has a 1 year low of $7.45 and a 1 year high of $11.75.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Sunstone Hotel Investors had a net margin of 1.94% and a return on equity of 1.04%. The business had revenue of $229.32 million during the quarter, compared to the consensus estimate of $226.05 million. During the same quarter in the prior year, the firm posted $0.18 earnings per share. The company’s revenue was up 1.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. On average, research analysts predict that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Wednesday, December 31st.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.