Sunstone Hotel Investors, Inc. (NYSE:SHO – Get Free Report) reached a new 52-week high during trading on Wednesday. The company traded as high as $12.83 and last traded at $12.6950, with a volume of 513,101 shares changing hands. The stock had previously closed at $12.77.
Analysts Set New Price Targets
A number of research firms recently issued reports on SHO. Evercore set a $13.00 price target on shares of Sunstone Hotel Investors in a research note on Monday. JPMorgan Chase & Co. lifted their price objective on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 21st. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. Finally, Wells Fargo & Company raised Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $11.43.
Check Out Our Latest Analysis on Sunstone Hotel Investors
Sunstone Hotel Investors Price Performance
The firm has a market capitalization of $2.41 billion, a P/E ratio of 58.81, a P/E/G ratio of 2.23 and a beta of 1.00. The stock’s fifty day simple moving average is $11.46 and its 200 day simple moving average is $10.53. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.84 and a quick ratio of 3.84.
Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of $0.08 by $0.06. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. The firm had revenue of $277.11 million during the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. On average, equities research analysts predict that Sunstone Hotel Investors, Inc. will post 0.99 EPS for the current year.
Sunstone Hotel Investors Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a $0.09 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.8%. Sunstone Hotel Investors’s dividend payout ratio is presently 163.64%.
Institutional Investors Weigh In On Sunstone Hotel Investors
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. purchased a new position in Sunstone Hotel Investors in the 1st quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new position in Sunstone Hotel Investors during the third quarter worth approximately $47,000. Sterling Capital Management LLC boosted its stake in Sunstone Hotel Investors by 187.2% during the third quarter. Sterling Capital Management LLC now owns 5,115 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 3,334 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Sunstone Hotel Investors in the 1st quarter valued at $91,000. Finally, Longboard Asset Management LP purchased a new stake in Sunstone Hotel Investors in the 2nd quarter valued at $124,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.
Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc (NYSE: SHO) is a real estate investment trust that owns and manages hotels in the United States. The company focuses primarily on upscale and upper-upscale properties located in major business, convention, and leisure destinations.
Sunstone’s portfolio includes full-service hotels operated under well-known hospitality brands as well as independent properties. Its hotels provide accommodations, restaurants and bars, meeting and event facilities, fitness amenities, and other services designed for business and leisure travelers.
The company has historically pursued ownership of institutional-quality lodging assets in markets with strong travel demand, including coastal gateway cities and popular resort and urban destinations.
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