Wall Street Zen upgraded shares of Sunstone Hotel Investors (NYSE:SHO – Free Report) from a hold rating to a buy rating in a research note published on Saturday.
SHO has been the topic of several other research reports. Wells Fargo & Company raised their target price on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Wednesday, June 24th. Truist Financial boosted their target price on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Thursday, March 26th. Citigroup increased their price target on Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Wednesday, May 6th. Weiss Ratings restated a “hold (c)” rating on shares of Sunstone Hotel Investors in a research note on Friday, July 10th. Finally, LADENBURG THALM/SH SH assumed coverage on Sunstone Hotel Investors in a report on Thursday, March 26th. They issued a “hold” rating and a $10.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $10.83.
Read Our Latest Analysis on Sunstone Hotel Investors
Sunstone Hotel Investors Price Performance
Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Sunstone Hotel Investors had a net margin of 3.84% and a return on equity of 2.27%. The firm had revenue of $259.71 million for the quarter, compared to the consensus estimate of $244.29 million. During the same quarter last year, the firm posted $0.21 EPS. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. On average, analysts expect that Sunstone Hotel Investors will post 0.91 earnings per share for the current year.
Sunstone Hotel Investors Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Sunstone Hotel Investors’s dividend payout ratio is currently 327.27%.
Insiders Place Their Bets
In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total value of $1,041,512.22. Following the transaction, the insider directly owned 573,743 shares in the company, valued at approximately $6,666,893.66. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.
Institutional Investors Weigh In On Sunstone Hotel Investors
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Kestra Advisory Services LLC purchased a new position in Sunstone Hotel Investors during the fourth quarter valued at $26,000. North Star Investment Management Corp. bought a new stake in Sunstone Hotel Investors during the first quarter valued at about $27,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Sunstone Hotel Investors by 27.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 1,135 shares during the period. FIL Ltd increased its position in Sunstone Hotel Investors by 57.2% in the fourth quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 3,280 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in Sunstone Hotel Investors in the second quarter worth about $88,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.
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.
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