Sunstone Hotel Investors (NYSE:SHO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sunstone Hotel Investors (NYSE:SHO) from a sell rating to a hold rating in a research note issued to investors on Saturday.

Other research analysts have also recently issued research reports about the company. Truist Financial reduced their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Wells Fargo & Company upgraded Sunstone Hotel Investors to a “hold” rating in a research note on Friday, October 3rd. Finally, Evercore ISI boosted their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $8.93.

Sunstone Hotel Investors Price Performance

Shares of Sunstone Hotel Investors stock opened at $9.23 on Friday. Sunstone Hotel Investors has a twelve month low of $7.45 and a twelve month high of $12.41. The stock has a market capitalization of $1.75 billion, a P/E ratio of 461.88, a PEG ratio of 5.33 and a beta of 1.29. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.51. The business’s fifty day moving average price is $9.38 and its 200 day moving average price is $8.96.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $259.77 million for the quarter, compared to analysts’ expectations of $256.68 million. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. As a group, research analysts anticipate that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, September 30th. Sunstone Hotel Investors’s payout ratio is presently 1,800.00%.

Institutional Trading of Sunstone Hotel Investors

A number of hedge funds and other institutional investors have recently modified their holdings of the business. California State Teachers Retirement System increased its position in shares of Sunstone Hotel Investors by 0.7% during the second quarter. California State Teachers Retirement System now owns 178,604 shares of the real estate investment trust’s stock worth $1,550,000 after acquiring an additional 1,170 shares during the last quarter. AQR Capital Management LLC increased its position in shares of Sunstone Hotel Investors by 1.6% during the first quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock worth $789,000 after acquiring an additional 1,307 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Sunstone Hotel Investors by 47.7% during the first quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 1,560 shares during the last quarter. Ethic Inc. increased its holdings in Sunstone Hotel Investors by 12.7% in the second quarter. Ethic Inc. now owns 13,936 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 1,573 shares during the last quarter. Finally, Aberdeen Group plc raised its stake in Sunstone Hotel Investors by 2.3% during the first quarter. Aberdeen Group plc now owns 73,502 shares of the real estate investment trust’s stock valued at $692,000 after buying an additional 1,669 shares in the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

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.