Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Average Recommendation of "Hold" by Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) has received an average recommendation of "Hold" from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $10.00.

A number of equities research analysts have commented on the company. Bank of America raised Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 target price for the company in a report on Wednesday, April 30th. Wells Fargo & Company lowered their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley reduced their price target on shares of Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Truist Financial reduced their price objective on Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, Evercore ISI raised Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 target price on the stock in a report on Friday, May 16th.

Sunstone Hotel Investors Stock Performance

Shares of NYSE SHO traded down $0.05 during mid-day trading on Monday, hitting $8.85. 3,512,777 shares of the company were exchanged, compared to its average volume of 2,470,347. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a 50 day simple moving average of $8.54 and a 200-day simple moving average of $10.20. Sunstone Hotel Investors has a 1-year low of $7.45 and a 1-year high of $12.41. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 4.52 and a beta of 1.27.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.03. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business had revenue of $234.07 million for the quarter, compared to the consensus estimate of $243.34 million. During the same quarter in the previous year, the firm earned $0.18 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.36 annualized dividend and a yield of 4.07%. Sunstone Hotel Investors's payout ratio is currently 360.00%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its holdings in shares of Sunstone Hotel Investors by 5.2% in the 1st quarter. Principal Financial Group Inc. now owns 8,793,005 shares of the real estate investment trust's stock valued at $82,742,000 after purchasing an additional 437,433 shares during the last quarter. Bank of America Corp DE grew its position in Sunstone Hotel Investors by 23.0% during the fourth quarter. Bank of America Corp DE now owns 6,567,535 shares of the real estate investment trust's stock valued at $77,760,000 after acquiring an additional 1,229,769 shares during the period. Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Sunstone Hotel Investors by 16.8% in the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,474,886 shares of the real estate investment trust's stock valued at $51,519,000 after purchasing an additional 788,397 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in Sunstone Hotel Investors during the 1st quarter worth approximately $42,838,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in Sunstone Hotel Investors by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,156,930 shares of the real estate investment trust's stock valued at $49,218,000 after buying an additional 74,952 shares during the period. 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.