Sunstone Hotel Investors (SHO) Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sunstone Hotel Investors in the last twelve months. There are currently 4 sell ratings and 4 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SHO shares.
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8 Wall Street research analysts have issued twelve-month price targets for Sunstone Hotel Investors' shares. Their SHO share price forecasts range from $8.00 to $11.00. On average, they anticipate the company's share price to reach $9.86 in the next year. This suggests a possible upside of 8.4% from the stock's current price.
View analysts price targets for SHO or view top-rated stocks among Wall Street analysts.

Sunstone Hotel Investors' stock was trading at $9.66 on January 1st, 2023. Since then, SHO stock has decreased by 5.9% and is now trading at $9.09.
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Sunstone Hotel Investors saw a increase in short interest in August. As of August 15th, there was short interest totaling 14,080,000 shares, an increase of 19.9% from the July 31st total of 11,740,000 shares. Based on an average trading volume of 2,170,000 shares, the short-interest ratio is presently 6.5 days. Approximately 6.9% of the shares of the stock are short sold.
View Sunstone Hotel Investors' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our SHO earnings forecast.

Sunstone Hotel Investors, Inc. (NYSE:SHO) issued its quarterly earnings data on Friday, August, 4th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by $0.12. The real estate investment trust earned $276.11 million during the quarter, compared to analyst estimates of $274.58 million. Sunstone Hotel Investors had a trailing twelve-month return on equity of 5.64% and a net margin of 10.13%.

Sunstone Hotel Investors declared a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 29th will be given a dividend of $0.07 per share on Monday, October 16th. This represents a $0.28 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Thursday, September 28th. This is an increase from the stock's previous quarterly dividend of $0.05.
Read our dividend analysis for SHO.

ETFs with the largest weight of Sunstone Hotel Investors (NYSE:SHO) stock in their portfolio include Nuveen Short-Term REIT ETF (NURE), Kelly Hotel & Lodging Sector ETF (HOTL), Invesco S&P SmallCap Financials ETF (PSCF), Defiance Hotel, Airline, and Cruise ETF (CRUZ), Private Real Estate Strategy via Liquid REITs ETF (PRVT) and SPDR S&P 600 Small Cap ETF (SLY).Ranger Equity Bear ETF (HDGE).

Sunstone Hotel Investors (NYSE:SHO) pays an annual dividend of $0.20 per share and currently has a dividend yield of 2.23%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 47.62%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHO will have a dividend payout ratio of 21.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SHO.

Sunstone Hotel Investors updated its third quarter 2023 earnings guidance on Friday, August, 4th. The company provided EPS guidance of $0.18-$0.21 for the period, compared to the consensus earnings per share estimate of $0.21. The company issued revenue guidance of -.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sunstone Hotel Investors investors own include Annaly Capital Management (NLY), New Residential Investment (NRZ), NGL Energy Partners (NGL), Chimera Investment (CIM), Orchid Island Capital (ORC), Chesapeake Energy (CHKAQ), Enterprise Products Partners (EPD), iQIYI (IQ), TherapeuticsMD (TXMD) and AGNC Investment (AGNC).

Sunstone Hotel Investors trades on the New York Stock Exchange (NYSE) under the ticker symbol "SHO."

Sunstone Hotel Investors' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (18.76%), State Street Corp (6.61%), Franklin Resources Inc. (4.98%), Principal Financial Group Inc. (3.81%), Rush Island Management LP (3.55%) and Cbre Investment Management Listed Real Assets LLC (2.36%). Insiders that own company stock include David M Klein, Douglas M Pasquale, Keith P Russell, Keith Yandell and Robert C Springer.
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Shares of SHO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SHO stock can currently be purchased for approximately $9.09.

Sunstone Hotel Investors (NYSE:SHO) has a market capitalization of $1.88 billion and generates $912.05 million in revenue each year. The real estate investment trust earns $87.29 million in net income (profit) each year or $0.42 on an earnings per share basis.

Sunstone Hotel Investors' mailing address is 200 SPECTRUM CENTER DRIVE 21ST FLOOR, IRVINE CA, 92618. The official website for the company is www.sunstonehotels.com. The real estate investment trust can be reached via phone at (949) 330-4000, via email at investorrelations@sunstonehotels.com, or via fax at 949-369-3179.