Sunstone Hotel Investors (NYSE:SHO) Share Price Breaks Above 200-Day Moving Average - Should You Sell?

Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $10.87 and traded as high as $11.66. Sunstone Hotel Investors shares last traded at $11.6540, with a volume of 1,563,703 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SHO shares. Truist Financial boosted their price objective on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company a "hold" rating in a research note on Thursday, September 10th. JPMorgan Chase & Co. raised their target price on shares of Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 21st. Wall Street Zen lowered shares of Sunstone Hotel Investors from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Sunstone Hotel Investors from a "hold (c)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Finally, Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a "strong-buy" rating in a research report on Thursday, July 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $11.00.

Sunstone Hotel Investors Stock Up 1.9%

The firm has a market capitalization of $2.17 billion, a PE ratio of 52.98, a PEG ratio of 2.71 and a beta of 1.00. The business's fifty day moving average price is $11.14 and its 200 day moving average price is $10.87. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.59.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 3.21% and a net margin of 5.30%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. On average, equities research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.97 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, September 30th. Sunstone Hotel Investors's dividend payout ratio (DPR) is presently 163.64%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. North Star Investment Management Corp. purchased a new position in Sunstone Hotel Investors during the 1st quarter worth $27,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Sunstone Hotel Investors in the 1st quarter worth $91,000. Farther Finance Advisors LLC lifted its stake in shares of Sunstone Hotel Investors by 4,189.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,938 shares of the real estate investment trust's stock worth $123,000 after acquiring an additional 10,683 shares during the period. Longboard Asset Management LP acquired a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth $124,000. Finally, Sax Wealth Advisors LLC purchased a new stake in shares of Sunstone Hotel Investors in the third quarter valued at about $127,000. 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 real estate investment trust (REIT) that owns, acquires, renovates and manages hotels in the United States. The company focuses primarily on upscale and upper-upscale lodging properties located in major urban, coastal and resort destinations.

Its portfolio includes independent and branded hotels serving business and leisure travelers. Properties may operate under well-known hospitality brands or as independent hotels, and typically offer guest rooms, meeting and event facilities, restaurants, bars, spas and other hospitality services.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.