Sunstone Hotel Investors - SHO Stock Forecast, Price & News

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sunstone Hotel Investors in the last twelve months. There are currently 2 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities 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 brokers have issued 12-month target prices for Sunstone Hotel Investors' shares. Their SHO share price forecasts range from $11.00 to $14.00. On average, they expect the company's share price to reach $12.57 in the next year. This suggests a possible upside of 7.6% from the stock's current price.
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Sunstone Hotel Investors' stock was trading at $11.73 at the beginning of the year. Since then, SHO stock has decreased by 0.4% and is now trading at $11.68.
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Sunstone Hotel Investors saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 23,920,000 shares, an increase of 83.4% from the July 15th total of 13,040,000 shares. Based on an average daily volume of 4,670,000 shares, the days-to-cover ratio is currently 5.1 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Sunstone Hotel Investors, Inc. (NYSE:SHO) released its quarterly 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 trailing twelve-month return on equity of 8.55% and a net margin of 21.04%. The company's revenue for the quarter was up 479.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.26) EPS.

Sunstone Hotel Investors declared a quarterly dividend on Tuesday, August 2nd. Stockholders of record on Friday, September 30th will be given a dividend of $0.05 per share on Monday, October 17th. This represents a $0.20 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, September 29th.
Read our dividend analysis for SHO.

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 investors include JPMorgan Chase & Co. (4.50%), Franklin Resources Inc. (3.88%), Principal Financial Group Inc. (3.83%), Deutsche Bank AG (3.09%), William Blair Investment Management LLC (1.29%) and Russell Investments Group Ltd. (0.98%). 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 $11.68.

Sunstone Hotel Investors (NYSE:SHO) has a market capitalization of $2.48 billion and generates $509.15 million in revenue each year. The real estate investment trust earns $34.30 million in net income (profit) each year or $0.68 on an earnings per share basis.

Sunstone Hotel Investors was founded in 1995.

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.