Sunstone Hotel Investors (NYSE:SHO) Price Target Raised to $11.00

Sunstone Hotel Investors (NYSE:SHO – Free Report) had its price target raised by JPMorgan Chase & Co. from $10.00 to $11.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

A number of other research analysts have also weighed in on the company. Zacks Research lowered Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. Wells Fargo & Company upgraded Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. Wall Street Zen downgraded Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Truist Financial raised their price target on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company a “hold” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $11.17.

Get Our Latest Report on Sunstone Hotel Investors

Sunstone Hotel Investors Trading Down 0.7%

Sunstone Hotel Investors stock opened at $12.51 on Wednesday. Sunstone Hotel Investors has a 52 week low of $8.69 and a 52 week high of $12.78. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.84 and a current ratio of 3.84. The stock has a market capitalization of $2.33 billion, a P/E ratio of 56.86, a PEG ratio of 2.96 and a beta of 1.00. The stock has a 50-day simple moving average of $11.32 and a 200 day simple moving average of $11.04.

Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The firm had revenue of $277.11 million for the quarter, compared to the consensus estimate of $266.67 million. Sunstone Hotel Investors had a return on equity of 3.21% and a net margin of 5.30%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. Analysts expect that Sunstone Hotel Investors will post 0.98 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.36 annualized dividend and a dividend yield of 2.9%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 163.64%.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in Sunstone Hotel Investors during the second quarter worth about $402,089,000. Bank of America Corp DE bought a new position in Sunstone Hotel Investors in the 2nd quarter valued at about $71,074,000. Legal & General Group Plc bought a new position in Sunstone Hotel Investors in the 2nd quarter valued at about $33,113,000. SG Americas Securities LLC raised its position in shares of Sunstone Hotel Investors by 1,899.5% in the 1st quarter. SG Americas Securities LLC now owns 2,244,427 shares of the real estate investment trust’s stock valued at $20,222,000 after buying an additional 2,132,180 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at approximately $16,769,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

About Sunstone Hotel Investors

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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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Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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