Morgan Stanley Has Lowered Expectations for Sunstone Hotel Investors (NYSE:SHO) Stock Price

Sunstone Hotel Investors (NYSE:SHO - Free Report) had its price objective cut by Morgan Stanley from $9.00 to $7.00 in a research report report published on Tuesday,Benzinga reports. They currently have an underweight rating on the real estate investment trust's stock.

Other equities research analysts have also recently issued reports about the stock. Truist Financial reduced their price target on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a report on Friday, March 21st. Jefferies Financial Group reduced their target price on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $10.57.

Sunstone Hotel Investors Trading Up 2.3 %

Shares of SHO stock traded up $0.19 during mid-day trading on Tuesday, hitting $8.25. The company's stock had a trading volume of 1,875,099 shares, compared to its average volume of 2,345,032. The company has a market cap of $1.66 billion, a PE ratio of 10.85, a P/E/G ratio of 4.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The company's fifty day simple moving average is $9.38 and its 200-day simple moving average is $10.57. Sunstone Hotel Investors has a 52 week low of $7.45 and a 52 week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $214.77 million during the quarter, compared to the consensus estimate of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. As a group, equities research analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.09 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 4.37%. Sunstone Hotel Investors's payout ratio is 257.14%.

Institutional Trading of Sunstone Hotel Investors

Several institutional investors and hedge funds have recently modified their holdings of SHO. Barclays PLC grew its holdings in Sunstone Hotel Investors by 304.9% during the third quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust's stock worth $3,540,000 after buying an additional 258,302 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Sunstone Hotel Investors by 11.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust's stock worth $11,566,000 after acquiring an additional 116,058 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Sunstone Hotel Investors by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust's stock worth $49,284,000 after acquiring an additional 1,130,558 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock valued at $39,000 after purchasing an additional 1,743 shares during the last quarter. Finally, Diversified Trust Co lifted its position in shares of Sunstone Hotel Investors by 13.7% during the fourth quarter. Diversified Trust Co now owns 40,697 shares of the real estate investment trust's stock valued at $482,000 after purchasing an additional 4,897 shares in the last quarter. 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.