Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) PT at $9.14

Sunstone Hotel Investors, Inc. (NYSE:SHO) has earned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $9.1429.

Several analysts have commented on SHO shares. Wells Fargo & Company raised their target price on shares of Sunstone Hotel Investors from $8.50 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, December 1st. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, October 8th.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Balyasny Asset Management L.P. acquired a new position in Sunstone Hotel Investors during the 2nd quarter worth approximately $41,332,000. Woodline Partners LP acquired a new stake in shares of Sunstone Hotel Investors in the third quarter valued at approximately $44,295,000. Alyeska Investment Group L.P. lifted its position in shares of Sunstone Hotel Investors by 252.8% in the third quarter. Alyeska Investment Group L.P. now owns 2,873,875 shares of the real estate investment trust’s stock worth $26,928,000 after purchasing an additional 2,059,222 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Sunstone Hotel Investors by 132.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock worth $26,231,000 after purchasing an additional 1,589,258 shares during the last quarter. Finally, Tributary Capital Management LLC grew its position in Sunstone Hotel Investors by 92.4% in the third quarter. Tributary Capital Management LLC now owns 2,691,706 shares of the real estate investment trust’s stock valued at $25,221,000 after purchasing an additional 1,292,691 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Trading Down 1.9%

Shares of NYSE SHO opened at $8.94 on Friday. Sunstone Hotel Investors has a twelve month low of $7.45 and a twelve month high of $12.27. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 10.90, a P/E/G ratio of 2.65 and a beta of 1.02. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.55. The company’s fifty day moving average is $9.17 and its 200-day moving average is $9.15.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.02. Sunstone Hotel Investors had a return on equity of 1.04% and a net margin of 1.94%.The company had revenue of $229.32 million during the quarter, compared to the consensus estimate of $226.05 million. During the same period in the prior year, the company earned $0.18 earnings per share. The company’s revenue for the quarter 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. Equities research analysts predict that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Wednesday, December 31st.

About Sunstone Hotel Investors

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.