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

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have received an average rating of “Hold” from the eight research firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $9.1429.

A number of research firms recently issued reports on SHO. Wells Fargo & Company raised their target price on shares of Sunstone Hotel Investors from $8.50 to $10.00 and gave the company an “equal weight” rating in a research note on Monday, December 1st. Wall Street Zen cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, October 8th.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several hedge funds have recently modified their holdings of SHO. Hantz Financial Services Inc. grew its stake in shares of Sunstone Hotel Investors by 951.7% in the second quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 2,722 shares during the last quarter. Assetmark Inc. grew its position in Sunstone Hotel Investors by 210.4% in the 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,464 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Sunstone Hotel Investors by 62.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 1,881 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Sunstone Hotel Investors by 33.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 1,595 shares during the period. Finally, Blue Trust Inc. raised its position in shares of Sunstone Hotel Investors by 46.8% during the second quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 2,087 shares during the last quarter. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Stock Performance

Shares of NYSE SHO opened at $8.94 on Friday. The business’s 50-day simple moving average is $9.17 and its 200-day simple moving average is $9.15. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.08. Sunstone Hotel Investors has a 52 week low of $7.45 and a 52 week high of $12.27. The firm 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.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $229.32 million during the quarter, compared to analysts’ expectations of $226.05 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. The company’s revenue was up 1.3% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. As a group, equities research analysts expect that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend 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.