Sunstone Hotel Investors (NYSE:SHO) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Sunstone Hotel Investors (NYSE:SHO - Free Report) had its price target lifted by Jefferies Financial Group from $10.00 to $12.00 in a research report sent to investors on Thursday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust's stock.

Separately, Wells Fargo & Company upped their price objective on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an "equal weight" rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Sunstone Hotel Investors presently has a consensus rating of "Hold" and a consensus price target of $12.17.

Sunstone Hotel Investors Price Performance

NYSE:SHO traded down $0.19 during mid-day trading on Thursday, reaching $11.65. The stock had a trading volume of 1,215,969 shares, compared to its average volume of 2,173,600. The stock has a 50-day simple moving average of $11.18 and a two-hundred day simple moving average of $10.56. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. Sunstone Hotel Investors has a 12 month low of $9.39 and a 12 month high of $12.41. The stock has a market capitalization of $2.34 billion, a PE ratio of 15.33, a P/E/G ratio of 6.45 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The business had revenue of $226.40 million for the quarter, compared to analyst estimates of $224.61 million. During the same period last year, the firm posted $0.23 EPS. Sunstone Hotel Investors's quarterly revenue was down 8.6% on a year-over-year basis. On average, equities analysts anticipate that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.09%. Sunstone Hotel Investors's dividend payout ratio (DPR) is presently 44.74%.

Institutional Trading of Sunstone Hotel Investors

Institutional investors and hedge funds have recently bought and sold shares of the stock. Federated Hermes Inc. acquired a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $34,000. Quarry LP boosted its holdings in shares of Sunstone Hotel Investors by 584.1% during the 2nd quarter. Quarry LP now owns 4,310 shares of the real estate investment trust's stock worth $45,000 after buying an additional 3,680 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Sunstone Hotel Investors during the 3rd quarter worth approximately $59,000. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Sunstone Hotel Investors by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust's stock valued at $80,000 after acquiring an additional 1,937 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Sunstone Hotel Investors by 8,623.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 11,515 shares of the real estate investment trust's stock valued at $120,000 after acquiring an additional 11,383 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

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.