Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) Target Price at $10.67

Sunstone Hotel Investors, Inc. (NYSE:SHO) has received an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $10.6667.

A number of analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. Zacks Research lowered Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Wall Street Zen cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings raised Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. boosted their price target on Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st.

Sunstone Hotel Investors Trading Up 0.6%

Sunstone Hotel Investors stock opened at $11.08 on Wednesday. The stock has a 50-day simple moving average of $11.34 and a 200 day simple moving average of $10.50. The stock has a market capitalization of $2.06 billion, a P/E ratio of 50.37, a PEG ratio of 2.60 and a beta of 0.97. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.84 and a current ratio of 3.84. Sunstone Hotel Investors has a 52 week low of $8.69 and a 52 week high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. Sunstone Hotel Investors had a return on equity of 3.21% and a net margin of 5.30%.The firm had revenue of $277.11 million for the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. Analysts expect that Sunstone Hotel Investors will post 0.97 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Sunstone Hotel Investors’s dividend payout ratio is 163.64%.

Insider Activity at Sunstone Hotel Investors

In related news, insider Robert Springer sold 89,631 shares of the business’s stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total value of $1,041,512.22. Following the completion of the transaction, the insider owned 573,743 shares of the company’s stock, valued at $6,666,893.66. The trade was a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Sunstone Hotel Investors by 21.1% during the 1st quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock worth $90,997,000 after buying an additional 1,757,965 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Sunstone Hotel Investors by 12.9% during the fourth quarter. Legal & General Group Plc now owns 3,408,676 shares of the real estate investment trust’s stock worth $30,474,000 after buying an additional 389,210 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Sunstone Hotel Investors during the second quarter worth $1,822,000. Hsbc Holdings PLC bought a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at $4,183,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Sunstone Hotel Investors by 130.7% during the 1st quarter. Renaissance Technologies LLC now owns 336,996 shares of the real estate investment trust’s stock valued at $3,036,000 after acquiring an additional 190,944 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.

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.