Analysts Set Sunstone Hotel Investors, Inc. (NYSE:SHO) PT at $11.00

Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) has earned an average recommendation of "Hold" from the eight analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $10.57.

Several equities research analysts have weighed in on SHO shares. Jefferies Financial Group dropped their price target on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a research report on Wednesday, April 9th. Wells Fargo & Company lowered their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley dropped their price objective on shares of Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating on the stock in a research note on Tuesday. Finally, Truist Financial dropped their price target on 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.

Sunstone Hotel Investors Price Performance

Shares of NYSE SHO traded up $0.04 during midday trading on Friday, hitting $8.07. 281,251 shares of the company's stock were exchanged, compared to its average volume of 2,321,001. The business's fifty day moving average price is $9.51 and its two-hundred day moving average price is $10.59. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 10.60, a PEG ratio of 4.52 and a beta of 1.16. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors has a 12-month low of $7.45 and a 12-month high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. As a group, research analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date was Monday, March 31st. Sunstone Hotel Investors's dividend payout ratio (DPR) is presently 257.14%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management bought a new position in Sunstone Hotel Investors in the 1st quarter worth $200,000. GAMMA Investing LLC lifted its holdings in Sunstone Hotel Investors by 47.7% during the first quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 1,560 shares in the last quarter. Contravisory Investment Management Inc. bought a new position in shares of Sunstone Hotel Investors in the first quarter worth approximately $217,000. GF Fund Management CO. LTD. purchased a new stake in shares of Sunstone Hotel Investors in the fourth quarter worth $42,000. Finally, Public Employees Retirement System of Ohio lifted its stake in shares of Sunstone Hotel Investors by 3.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 628,941 shares of the real estate investment trust's stock valued at $7,447,000 after buying an additional 18,792 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company's stock.

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.