Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) PT at $10.29

Sunstone Hotel Investors, Inc. (NYSE:SHO – Get Free Report) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $10.6667.

Several equities analysts have weighed in on the company. Wall Street Zen raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Truist Financial increased their target price on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Citigroup increased their target price on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Wells Fargo & Company increased their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Zacks Research upgraded Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a report on Monday, May 18th.

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Institutional Investors Weigh In On Sunstone Hotel Investors

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

Sunstone Hotel Investors Trading Down 1.0%

Sunstone Hotel Investors stock opened at $11.74 on Friday. The company has a 50 day moving average price of $10.62 and a 200 day moving average price of $9.68. Sunstone Hotel Investors has a 52 week low of $8.48 and a 52 week high of $12.07. The company has a debt-to-equity ratio of 0.58, a quick ratio of 3.42 and a current ratio of 3.42. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 106.74, a P/E/G ratio of 2.65 and a beta of 0.98.

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

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio is presently 327.27%.

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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