Sunstone Hotel Investors (NYSE:SHO) Reaches New 1-Year Low - What's Next?

Sunstone Hotel Investors, Inc. (NYSE:SHO - Get Free Report) reached a new 52-week low during trading on Friday . The company traded as low as $9.39 and last traded at $9.48, with a volume of 1003458 shares trading hands. The stock had previously closed at $9.69.

Wall Street Analysts Forecast Growth

SHO has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating for the company in a report on Friday, March 21st. Jefferies Financial Group boosted their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a "hold" rating in a report on Thursday, January 2nd. Morgan Stanley reaffirmed an "underweight" rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Finally, Wells Fargo & Company lowered 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. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Sunstone Hotel Investors presently has an average rating of "Hold" and a consensus target price of $11.57.

Sunstone Hotel Investors Stock Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 4.52 and a beta of 1.19. The stock's fifty day moving average is $10.60 and its two-hundred day moving average is $10.87.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $214.77 million during 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%. On average, analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.09 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.79%. Sunstone Hotel Investors's dividend payout ratio is presently 257.14%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter worth $33,000. Smartleaf Asset Management LLC lifted its holdings in Sunstone Hotel Investors by 442.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 2,448 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Sunstone Hotel Investors by 114.1% in the 4th 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 during the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Sunstone Hotel Investors during the 4th quarter valued at about $42,000. Finally, Sterling Capital Management LLC grew its stake in shares of Sunstone Hotel Investors by 805.2% in the 4th quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 5,701 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.

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.