Sunstone Hotel Investors, Inc. (NYSE:SHO) Stock Has Average Price Target of $11.00

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been given a consensus recommendation of “Hold” by the eight research firms that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $11.00.

A number of research firms have recently weighed in on SHO. Wall Street Zen cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings upgraded shares of Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. upped their target price on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, July 21st. Wells Fargo & Company raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, Zacks Research cut shares of Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd.

Sunstone Hotel Investors Trading Down 0.1%

Shares of SHO opened at $11.29 on Friday. Sunstone Hotel Investors has a 12-month low of $8.69 and a 12-month high of $12.07. The firm has a market capitalization of $2.10 billion, a P/E ratio of 51.30, a P/E/G ratio of 2.67 and a beta of 0.97. The firm has a 50-day moving average price of $11.22 and a 200 day moving average price of $10.71. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.59.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating the consensus estimate of $0.08 by $0.06. The firm had revenue of $277.11 million for the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. Sell-side analysts forecast that Sunstone Hotel Investors will post 0.97 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 30th. Sunstone Hotel Investors’s dividend payout ratio is currently 163.64%.

Institutional Trading of Sunstone Hotel Investors

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new stake in shares of Sunstone Hotel Investors in the second quarter valued at $402,089,000. Bank of America Corp DE lifted its stake in Sunstone Hotel Investors by 21.1% during the 1st quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock worth $90,997,000 after acquiring an additional 1,757,965 shares in the last quarter. Legal & General Group Plc acquired a new position in Sunstone Hotel Investors during the 2nd quarter worth about $33,113,000. Dimensional Fund Advisors LP lifted its stake in Sunstone Hotel Investors by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,591,239 shares of the real estate investment trust’s stock worth $23,348,000 after acquiring an additional 54,242 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in Sunstone Hotel Investors by 1,899.5% during 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 acquiring an additional 2,132,180 shares during the period. Institutional investors and hedge funds own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a real estate investment trust that owns and invests in luxury and upper-upscale hotels in the United States. The company focuses on acquiring, renovating, repositioning and managing a portfolio of full-service lodging properties located primarily in high-demand, coastal and urban gateway markets.

Sunstone’s hotels serve business and leisure travelers and typically offer accommodations, restaurants and bars, meeting and event facilities, and other hospitality amenities.