Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Average Rating of "Hold" by Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) have earned an average rating of "Hold" from the eight ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $11.57.

Several equities research analysts have weighed in on the company. Truist Financial cut 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. Jefferies Financial Group raised their target price on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Wells Fargo & Company decreased their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a report on Tuesday, February 18th. Finally, Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th.

Sunstone Hotel Investors Stock Performance

NYSE:SHO traded down $0.22 during trading hours on Wednesday, hitting $9.48. 1,003,537 shares of the company were exchanged, compared to its average volume of 2,202,292. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 4.52 and a beta of 1.19. 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 52-week low of $9.39 and a 52-week high of $12.41. The company's 50 day moving average price is $10.70 and its 200-day moving average price is $10.87.

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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 business had revenue of $214.77 million during the quarter, compared to analysts' expectations of $211.17 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. As a group, research analysts forecast that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.80%. Sunstone Hotel Investors's dividend payout ratio (DPR) is 257.14%.

Hedge Funds Weigh In On Sunstone Hotel Investors

A number of large investors have recently added to or reduced their stakes in SHO. Heritage Family Offices LLP increased its stake in shares of Sunstone Hotel Investors by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust's stock worth $171,000 after purchasing an additional 969 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Sunstone Hotel Investors by 3.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 33,889 shares of the real estate investment trust's stock worth $406,000 after buying an additional 1,258 shares during the last quarter. Vanderbilt University increased its stake in Sunstone Hotel Investors by 9.4% during the 4th quarter. Vanderbilt University now owns 14,808 shares of the real estate investment trust's stock worth $175,000 after buying an additional 1,276 shares in the last quarter. Xponance Inc. raised its holdings in shares of Sunstone Hotel Investors by 10.9% during the fourth quarter. Xponance Inc. now owns 14,709 shares of the real estate investment trust's stock valued at $174,000 after acquiring an additional 1,441 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock valued at $39,000 after acquiring an additional 1,743 shares in the last quarter. 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.