Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives $9.31 Average Price Target from Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) has been given an average recommendation of "Hold" by the eight brokerages that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $9.31.

A number of equities research analysts recently issued reports on SHO shares. Wells Fargo & Company decreased their price objective on shares of Sunstone Hotel Investors from $9.00 to $8.50 and set an "equal weight" rating for the company in a report on Tuesday, July 1st. Bank of America raised shares of Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 target price on the stock in a research report on Wednesday, April 30th. Morgan Stanley lowered their target price on shares of Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. JPMorgan Chase & Co. began coverage on shares of Sunstone Hotel Investors in a research report on Monday, June 23rd. They set an "underweight" rating and a $8.00 target price on the stock. Finally, Truist Financial lowered their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating on the stock in a research report on Friday, March 21st.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of hedge funds have recently bought and sold shares of the company. Nissay Asset Management Corp Japan ADV lifted its stake in shares of Sunstone Hotel Investors by 3.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 33,889 shares of the real estate investment trust's stock valued at $406,000 after buying an additional 1,258 shares during the period. AQR Capital Management LLC lifted its stake in shares of Sunstone Hotel Investors by 1.6% in 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 buying an additional 1,307 shares during the period. Xponance Inc. lifted its stake in shares of Sunstone Hotel Investors by 10.9% in the fourth quarter. Xponance Inc. now owns 14,709 shares of the real estate investment trust's stock valued at $174,000 after buying an additional 1,441 shares during the period. GAMMA Investing LLC lifted its stake in shares of Sunstone Hotel Investors by 47.7% in the first quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 1,560 shares during the period. Finally, Aberdeen Group plc lifted its stake in shares of Sunstone Hotel Investors by 2.3% in the first quarter. Aberdeen Group plc now owns 73,502 shares of the real estate investment trust's stock valued at $692,000 after buying an additional 1,669 shares during the period. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Down 1.5%

Shares of NYSE SHO traded down $0.13 during mid-day trading on Friday, reaching $8.80. The company had a trading volume of 2,867,606 shares, compared to its average volume of 2,536,273. Sunstone Hotel Investors has a twelve month low of $7.45 and a twelve month high of $12.41. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.89 and a current ratio of 2.89. The stock has a market capitalization of $1.75 billion, a PE ratio of 88.00, a price-to-earnings-growth ratio of 2.24 and a beta of 1.25. The stock's 50 day moving average is $8.75 and its 200-day moving average is $9.81.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. Sunstone Hotel Investors had a net margin of 3.85% and a return on equity of 1.93%. The business had revenue of $234.07 million for the quarter, compared to the consensus estimate of $243.34 million. During the same period in the prior year, the business posted $0.18 earnings per share. Sunstone Hotel Investors's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date is Monday, June 30th. Sunstone Hotel Investors's dividend payout ratio (DPR) is 360.00%.

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.