Sunstone Hotel Investors (NYSE:SHO) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $9.15 and traded as high as $9.22. Sunstone Hotel Investors shares last traded at $9.14, with a volume of 1,397,760 shares traded.

Analyst Ratings Changes

A number of equities analysts have recently commented on SHO shares. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company raised their price target on 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. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $9.14.

Sunstone Hotel Investors Stock Performance

The company has a market capitalization of $1.74 billion, a P/E ratio of 11.13, a PEG ratio of 2.46 and a beta of 1.02. The stock’s fifty day moving average price is $9.17 and its 200-day moving average price is $9.16. 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 (NYSE:SHO) last announced its quarterly earnings results 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 return on equity of 1.04% and a net margin of 1.94%.The firm had revenue of $229.32 million for the quarter, compared to the consensus estimate of $226.05 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The business’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. As a group, research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders 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 yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st.

Institutional Investors Weigh In On Sunstone Hotel Investors

Institutional investors have recently modified their holdings of the business. Royal Bank of Canada increased its position in Sunstone Hotel Investors by 13.9% during the first quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 8,504 shares during the period. Amundi increased its holdings in shares of Sunstone Hotel Investors by 27.0% during the first quarter. Amundi now owns 1,040,883 shares of the real estate investment trust’s stock worth $8,983,000 after purchasing an additional 221,367 shares during the period. AQR Capital Management LLC raised its position in shares of Sunstone Hotel Investors by 1.6% in the first quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock valued at $789,000 after buying an additional 1,307 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Sunstone Hotel Investors by 12.3% in the first quarter. Jacobs Levy Equity Management Inc. now owns 1,380,640 shares of the real estate investment trust’s stock valued at $12,992,000 after buying an additional 151,461 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sunstone Hotel Investors by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,358 shares of the real estate investment trust’s stock valued at $1,123,000 after buying an additional 3,607 shares during the period. Institutional investors own 99.37% of the company’s stock.

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.