Sunstone Hotel Investors - SHO Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sunstone Hotel Investors in the last twelve months. There are currently 4 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SHO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHO, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 12 month price targets for Sunstone Hotel Investors' stock. Their SHO share price forecasts range from $9.00 to $13.00. On average, they anticipate the company's share price to reach $10.71 in the next twelve months. This suggests a possible upside of 19.7% from the stock's current price.
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Sunstone Hotel Investors' stock was trading at $9.66 on January 1st, 2023. Since then, SHO stock has decreased by 7.3% and is now trading at $8.95.
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Sunstone Hotel Investors saw a increase in short interest in February. As of February 28th, there was short interest totaling 13,090,000 shares, an increase of 23.7% from the February 13th total of 10,580,000 shares. Based on an average daily trading volume, of 2,120,000 shares, the short-interest ratio is currently 6.2 days. Approximately 6.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
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Sunstone Hotel Investors, Inc. (NYSE:SHO) posted its earnings results on Thursday, November, 4th. The real estate investment trust reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by $0.21. The real estate investment trust earned $167.42 million during the quarter, compared to analyst estimates of $158.88 million. Sunstone Hotel Investors had a net margin of 9.57% and a trailing twelve-month return on equity of 4.73%. The business's revenue was up 479.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.26) EPS.

Sunstone Hotel Investors announced a quarterly dividend on Tuesday, February 21st. Investors of record on Friday, March 31st will be paid a dividend of $0.05 per share on Monday, April 17th. This represents a $0.20 annualized dividend and a dividend yield of 2.23%. The ex-dividend date is Thursday, March 30th.
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), First Trust Small Cap Value AlphaDEX Fund (FYT), Invesco S&P SmallCap Value with Momentum ETF (XSVM), Defiance Hotel, Airline, and Cruise ETF (CRUZ), Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) and iShares S&P Small-Cap 600 Value ETF (IJS).

Sunstone Hotel Investors (NYSE:SHO) pays an annual dividend of $0.10 per share and currently has a dividend yield of 1.05%. The dividend payout ratio is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SHO will have a dividend payout ratio of 10.31% 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 first quarter 2023 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share (EPS) guidance of $0.16-$0.18 for the period, compared to the consensus earnings per share estimate of $0.17. 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 number of institutional and retail investors. Top institutional shareholders include Franklin Resources Inc. (4.27%), Principal Financial Group Inc. (3.86%), Cbre Investment Management Listed Real Assets LLC (2.17%), Geode Capital Management LLC (2.07%), Charles Schwab Investment Management Inc. (1.77%) and Legal & General Group Plc (1.51%). Insiders that own company stock include David M Klein, Douglas M Pasquale, John V Arabia, Keith P Russell, Keith Yandell, Marc Andrew Hoffman, Murray J Mccabe, Robert C Springer and W Blake Baird.
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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 $8.95.

Sunstone Hotel Investors (NYSE:SHO) has a market capitalization of $1.86 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 $0.35 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.