Sunstone Hotel Investors (NYSE:SHO) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Sunstone Hotel Investors (NYSE:SHOFree Report) from a sell rating to a hold rating in a report released on Thursday.

Several other research analysts also recently issued reports on the company. Baird R W raised Sunstone Hotel Investors to a strong-buy rating in a research note on Tuesday, May 28th. Truist Financial reduced their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set a hold rating on the stock in a report on Thursday, May 30th. Robert W. Baird upgraded Sunstone Hotel Investors from a neutral rating to an outperform rating and upped their target price for the company from $11.00 to $12.00 in a report on Tuesday, May 28th. Finally, Compass Point upgraded Sunstone Hotel Investors from a sell rating to a neutral rating and upped their target price for the company from $10.00 to $12.00 in a report on Tuesday, May 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $10.57.

Check Out Our Latest Report on SHO

Sunstone Hotel Investors Stock Performance

Sunstone Hotel Investors stock opened at $10.13 on Thursday. The business has a 50 day moving average of $10.25 and a 200-day moving average of $10.66. Sunstone Hotel Investors has a 1 year low of $8.61 and a 1 year high of $11.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.17 and a quick ratio of 8.17. The company has a market capitalization of $2.06 billion, a P/E ratio of 11.26, a P/E/G ratio of 4.80 and a beta of 1.23.

Sunstone Hotel Investors (NYSE:SHOGet Free Report) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.11). Sunstone Hotel Investors had a net margin of 20.69% and a return on equity of 10.75%. The firm had revenue of $217.17 million during the quarter, compared to analyst estimates of $212.00 million. On average, equities research analysts predict that Sunstone Hotel Investors will post 0.89 earnings per share for the current year.

Sunstone Hotel Investors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.55%. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, June 28th. Sunstone Hotel Investors’s dividend payout ratio is presently 28.89%.

Hedge Funds Weigh In On Sunstone Hotel Investors

A number of institutional investors and hedge funds have recently modified their holdings of SHO. EntryPoint Capital LLC acquired a new position in shares of Sunstone Hotel Investors during the first quarter worth approximately $30,000. Plato Investment Management Ltd acquired a new position in shares of Sunstone Hotel Investors during the first quarter worth approximately $49,000. Quadrant Capital Group LLC raised its position in shares of Sunstone Hotel Investors by 35.4% during the fourth quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,387 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Sunstone Hotel Investors during the fourth quarter worth approximately $125,000. Finally, Evergreen Capital Management LLC acquired a new position in shares of Sunstone Hotel Investors during the third quarter worth approximately $127,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Company Profile

(Get Free Report)

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.

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