Sunstone Hotel Investors (NYSE:SHO) Lowered to “Sell” at StockNews.com

StockNews.com cut shares of Sunstone Hotel Investors (NYSE:SHO) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

A number of other analysts have also weighed in on SHO. Truist Financial upped their price target on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock a hold rating in a research note on Thursday, March 14th. Compass Point raised shares of Sunstone Hotel Investors from a sell rating to a neutral rating and boosted their price target for the stock from $10.00 to $12.00 in a report on Tuesday, May 7th. Three research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. According to MarketBeat.com, Sunstone Hotel Investors presently has an average rating of Hold and an average price target of $10.50.

Sunstone Hotel Investors Trading Up 0.2 %

NYSE:SHO traded up $0.02 during trading hours on Friday, hitting $10.32. 934,604 shares of the company were exchanged, compared to its average volume of 1,590,390. The company has a fifty day simple moving average of $10.59 and a 200 day simple moving average of $10.60. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 4.96 and a beta of 1.22. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.43. Sunstone Hotel Investors has a one year low of $8.61 and a one year high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. The company had revenue of $217.17 million for the quarter, compared to analysts’ expectations of $212.00 million. Sell-side analysts expect that Sunstone Hotel Investors will post 0.88 EPS for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.09 dividend. The ex-dividend date is Friday, June 28th. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 3.49%. Sunstone Hotel Investors’s dividend payout ratio is presently 33.33%.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of large investors have recently added to or reduced their stakes in the company. Balyasny Asset Management L.P. raised its position in Sunstone Hotel Investors by 313.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,873,721 shares of the real estate investment trust’s stock worth $41,565,000 after acquiring an additional 2,937,603 shares in the last quarter. Rush Island Management LP raised its holdings in Sunstone Hotel Investors by 30.3% during the third quarter. Rush Island Management LP now owns 9,579,732 shares of the real estate investment trust’s stock worth $89,570,000 after acquiring an additional 2,225,579 shares in the last quarter. Norges Bank acquired a new stake in Sunstone Hotel Investors during the fourth quarter worth approximately $14,656,000. Tudor Investment Corp Et Al grew its holdings in Sunstone Hotel Investors by 101.8% during the 3rd quarter. Tudor Investment Corp Et Al now owns 489,639 shares of the real estate investment trust’s stock worth $4,578,000 after acquiring an additional 247,058 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Sunstone Hotel Investors by 7.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,281,393 shares of the real estate investment trust’s stock worth $35,209,000 after buying an additional 236,708 shares in the last quarter. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.