Sunstone Hotel Investors (NYSE:SHO) Lifted to Neutral at Compass Point

Compass Point upgraded shares of Sunstone Hotel Investors (NYSE:SHO - Free Report) from a sell rating to a neutral rating in a research note released on Tuesday morning, Marketbeat.com reports. The firm currently has $12.00 price objective on the real estate investment trust's stock, up from their prior price objective of $10.00.

Other equities research analysts have also issued research reports about the company. Truist Financial increased their price target on Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a hold rating in a research report on Thursday, March 14th. StockNews.com raised Sunstone Hotel Investors from a sell rating to a hold rating in a research report on Thursday, March 21st. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of Hold and an average target price of $10.50.

Sunstone Hotel Investors Trading Up 0.2 %

Sunstone Hotel Investors stock traded up $0.03 during midday trading on Tuesday, reaching $10.39. 2,307,542 shares of the stock traded hands, compared to its average volume of 1,912,323. The company has a 50-day simple moving average of $10.83 and a two-hundred day simple moving average of $10.52. Sunstone Hotel Investors has a 12-month low of $8.61 and a 12-month high of $11.59. The firm has a market cap of $2.12 billion, a PE ratio of 11.17, a price-to-earnings-growth ratio of 3.98 and a beta of 1.22. The company has a current ratio of 7.03, a quick ratio of 7.03 and a debt-to-equity ratio of 0.43.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.44. Sunstone Hotel Investors had a return on equity of 11.32% and a net margin of 20.95%. The company had revenue of $219.20 million during the quarter, compared to analysts' expectations of $192.56 million. During the same period last year, the business posted $0.26 EPS. Sunstone Hotel Investors's revenue for the quarter was down 10.2% on a year-over-year basis. Research analysts expect that Sunstone Hotel Investors will post 0.85 earnings per share for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, June 28th. This is a positive change from Sunstone Hotel Investors's previous quarterly dividend of $0.07. Sunstone Hotel Investors's dividend payout ratio (DPR) is 27.96%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Sunstone Hotel Investors in the third quarter valued at approximately $342,000. Raymond James & Associates raised its holdings in shares of Sunstone Hotel Investors by 9.3% in the third quarter. Raymond James & Associates now owns 59,477 shares of the real estate investment trust's stock worth $556,000 after acquiring an additional 5,063 shares during the last quarter. Verdence Capital Advisors LLC raised its holdings in shares of Sunstone Hotel Investors by 4.7% in the third quarter. Verdence Capital Advisors LLC now owns 26,216 shares of the real estate investment trust's stock worth $245,000 after acquiring an additional 1,167 shares during the last quarter. Clearview Wealth Advisors LLC acquired a new position in shares of Sunstone Hotel Investors in the third quarter worth $322,000. Finally, Panagora Asset Management Inc. raised its holdings in shares of Sunstone Hotel Investors by 19.0% in the third quarter. Panagora Asset Management Inc. now owns 1,072,133 shares of the real estate investment trust's stock worth $10,024,000 after acquiring an additional 171,238 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company's stock.

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.