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

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

SHO has been the topic of a number of other research reports. Truist Financial dropped their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set a hold rating on the stock in a research report on Thursday, May 30th. Robert W. Baird raised shares of Sunstone Hotel Investors from a neutral rating to an outperform rating and upped their price objective for the company from $11.00 to $12.00 in a report on Tuesday, May 28th. Baird R W raised shares of Sunstone Hotel Investors to a strong-buy rating in a report on Tuesday, May 28th. Finally, Compass Point raised shares of Sunstone Hotel Investors from a sell rating to a neutral rating and upped their price target for the company from $10.00 to $12.00 in a report on Tuesday, May 7th. Three analysts have rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and a consensus price target of $10.57.

Sunstone Hotel Investors Trading Down 3.0 %

NYSE:SHO opened at $10.15 on Friday. The company has a market capitalization of $2.07 billion, a P/E ratio of 11.27, a PEG ratio of 4.97 and a beta of 1.24. 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 12 month low of $8.61 and a 12 month high of $11.59. The firm has a fifty day simple moving average of $10.24 and a 200-day simple moving average of $10.65.

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

Sunstone Hotel Investors Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.09 dividend. 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. This represents a $0.36 dividend on an annualized basis and a yield of 3.55%. Sunstone Hotel Investors’s payout ratio is presently 33.33%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several hedge funds have recently modified their holdings of SHO. EntryPoint Capital LLC purchased a new position in shares of Sunstone Hotel Investors in the 1st quarter valued at about $30,000. Plato Investment Management Ltd purchased a new stake in shares of Sunstone Hotel Investors in the first quarter valued at approximately $49,000. Quadrant Capital Group LLC raised its stake in shares of Sunstone Hotel Investors by 35.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,387 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Sunstone Hotel Investors during the 4th quarter worth approximately $125,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of Sunstone Hotel Investors during the 3rd quarter valued at approximately $127,000. 99.37% of the stock is owned by hedge funds and other institutional investors.

About Sunstone Hotel Investors

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.