Wells Fargo & Company Increases Sunstone Hotel Investors (NYSE:SHO) Price Target to $12.00

Sunstone Hotel Investors (NYSE:SHOGet Free Report) had its price objective increased by stock analysts at Wells Fargo & Company from $10.00 to $12.00 in a report released on Monday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price points to a potential upside of 10.14% from the company’s previous close.

A number of other research analysts also recently issued reports on SHO. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research raised shares of Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th. Citigroup boosted their target price on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Truist Financial increased their price target on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, March 26th. Finally, LADENBURG THALM/SH SH assumed coverage on shares of Sunstone Hotel Investors in a research report on Thursday, March 26th. They set a “hold” rating and a $10.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Sunstone Hotel Investors currently has a consensus rating of “Hold” and a consensus target price of $10.29.

Read Our Latest Stock Report on Sunstone Hotel Investors

Sunstone Hotel Investors Stock Performance

NYSE:SHO traded up $0.08 during mid-day trading on Monday, hitting $10.90. The company’s stock had a trading volume of 150,873 shares, compared to its average volume of 1,910,955. The business’s fifty day moving average is $9.78 and its two-hundred day moving average is $9.40. The stock has a market cap of $2.03 billion, a price-to-earnings ratio of 98.96, a PEG ratio of 2.53 and a beta of 0.98. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.42 and a quick ratio of 3.42. Sunstone Hotel Investors has a 1 year low of $8.43 and a 1 year high of $11.05.

Sunstone Hotel Investors (NYSE:SHOGet Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The business had revenue of $259.71 million during the quarter, compared to analysts’ expectations of $244.30 million. During the same quarter in the previous year, the firm posted $0.21 EPS. The company’s revenue for the quarter was up 10.9% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Analysts anticipate that Sunstone Hotel Investors will post 0.91 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of institutional investors have recently added to or reduced their stakes in SHO. State Street Corp lifted its holdings in Sunstone Hotel Investors by 4.9% during the second quarter. State Street Corp now owns 12,179,383 shares of the real estate investment trust’s stock valued at $106,784,000 after purchasing an additional 571,619 shares in the last quarter. Bank of America Corp DE grew its stake in 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 valued at $90,997,000 after acquiring an additional 1,757,965 shares in the last quarter. Alyeska Investment Group L.P. raised its holdings in Sunstone Hotel Investors by 86.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,369,789 shares of the real estate investment trust’s stock valued at $48,006,000 after acquiring an additional 2,495,914 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in Sunstone Hotel Investors in the 2nd quarter valued at about $41,332,000. Finally, Woodline Partners LP purchased a new position in Sunstone Hotel Investors in the 3rd quarter worth approximately $44,295,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

About Sunstone Hotel Investors

(Get Free Report)

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.

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Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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