StockNews.com Lowers Sunstone Hotel Investors (NYSE:SHO) to Sell

StockNews.com cut shares of Sunstone Hotel Investors (NYSE:SHO) from a hold rating to a sell rating in a report issued on Tuesday.

A number of other equities analysts also recently commented on SHO. Baird R W upgraded shares of Sunstone Hotel Investors to a strong-buy rating in a research report on Tuesday, May 28th. Robert W. Baird upgraded shares of Sunstone Hotel Investors from a neutral rating to an outperform rating and increased their price target for the company from $11.00 to $12.00 in a report on Tuesday, May 28th. Compass Point upgraded shares of Sunstone Hotel Investors from a sell rating to a neutral rating and increased their price target for the company from $10.00 to $12.00 in a report on Tuesday, May 7th. Wolfe Research upgraded shares of Sunstone Hotel Investors from a peer perform rating to an outperform rating and set a $12.00 price target for the company in a report on Wednesday, July 10th. Finally, Truist Financial cut their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set a hold rating for the company in a report on Thursday, May 30th. Three analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sunstone Hotel Investors has an average rating of Hold and an average target price of $10.75.

Sunstone Hotel Investors Stock Down 0.1 %

Shares of NYSE:SHO opened at $10.41 on Tuesday. The stock has a market cap of $2.12 billion, a P/E ratio of 11.57, a P/E/G ratio of 5.10 and a beta of 1.24. The firm has a fifty day moving average price of $10.26 and a 200 day moving average price of $10.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.17 and a quick ratio of 8.17. Sunstone Hotel Investors has a 1-year low of $8.61 and a 1-year high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The business had revenue of $217.17 million for the quarter, compared to analyst estimates of $212.00 million. Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. Sell-side analysts predict that Sunstone Hotel Investors will post 0.9 EPS for the current year.

Sunstone Hotel Investors Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.09 per share. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 3.46%. The ex-dividend date was Friday, June 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 33.33%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Hedge funds have recently added to or reduced their stakes in the business. EntryPoint Capital LLC purchased a new position in Sunstone Hotel Investors during the 1st quarter valued at about $30,000. Plato Investment Management Ltd purchased a new position in Sunstone Hotel Investors during the 1st quarter valued at about $49,000. Quadrant Capital Group LLC increased its holdings in 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 valued at $57,000 after acquiring an additional 1,387 shares in the last quarter. Blue Trust Inc. increased its holdings in Sunstone Hotel Investors by 342.9% during the 2nd quarter. Blue Trust Inc. now owns 7,406 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 5,734 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Sunstone Hotel Investors during the 4th quarter worth about $125,000. 99.37% of the stock is currently 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.