Sunstone Hotel Investors (NYSE:SHO) Cut to Hold at Baird R W

Baird R W lowered shares of Sunstone Hotel Investors (NYSE:SHO) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks.com reports.

Other research analysts have also issued research reports about the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Wells Fargo & Company raised shares of Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $10.00 to $11.00 in a research note on Monday, January 5th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.38.

Sunstone Hotel Investors Trading Down 3.5%

NYSE:SHO opened at $9.03 on Monday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 2.53 and a beta of 1.02. Sunstone Hotel Investors has a one year low of $7.45 and a one year high of $11.93. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.08. The business’s 50-day simple moving average is $9.21 and its 200 day simple moving average is $9.19.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Friday, November 7th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The business had revenue of $229.32 million for the quarter, compared to analysts’ expectations of $226.05 million. Sunstone Hotel Investors had a net margin of 1.94% and a return on equity of 1.04%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. As a group, sell-side analysts predict that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st.

Institutional Trading of Sunstone Hotel Investors

Large investors have recently modified their holdings of the company. Royal Bank of Canada raised its position in Sunstone Hotel Investors by 13.9% in the 1st quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust’s stock valued at $658,000 after buying an additional 8,504 shares during the last quarter. AQR Capital Management LLC boosted its position in 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 valued at $789,000 after purchasing an additional 1,307 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sunstone Hotel Investors by 3.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,358 shares of the real estate investment trust’s stock worth $1,123,000 after buying an additional 3,607 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Sunstone Hotel Investors by 132.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock worth $26,231,000 after acquiring an additional 1,589,258 shares during the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Sunstone Hotel Investors during the 1st quarter worth about $120,000. 99.37% of the stock is owned by institutional investors.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.