Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Average Recommendation of “Hold” by Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned an average rating of “Hold” from the nine research firms that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $10.57.

Several research firms recently weighed in on SHO. StockNews.com raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Thursday. Truist Financial dropped their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Compass Point raised Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and upped their target price for the stock from $10.00 to $12.00 in a research report on Tuesday, May 7th. Robert W. Baird raised Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $11.00 to $12.00 in a research report on Tuesday, May 28th. Finally, Baird R W raised Sunstone Hotel Investors to a “strong-buy” rating in a research report on Tuesday, May 28th.

Institutional Trading of Sunstone Hotel Investors

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Sunstone Hotel Investors by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 32,326,254 shares of the real estate investment trust’s stock worth $360,114,000 after acquiring an additional 115,899 shares during the period. Rush Island Management LP lifted its position in shares of Sunstone Hotel Investors by 30.3% in the 3rd quarter. Rush Island Management LP now owns 9,579,732 shares of the real estate investment trust’s stock worth $89,570,000 after acquiring an additional 2,225,579 shares during the period. Franklin Resources Inc. lifted its position in shares of Sunstone Hotel Investors by 1.1% in the 4th quarter. Franklin Resources Inc. now owns 7,860,281 shares of the real estate investment trust’s stock worth $84,341,000 after acquiring an additional 89,211 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Sunstone Hotel Investors by 2.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,906,158 shares of the real estate investment trust’s stock worth $41,913,000 after buying an additional 88,949 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its holdings in shares of Sunstone Hotel Investors by 313.8% in the 4th quarter. Balyasny Asset Management L.P. now owns 3,873,721 shares of the real estate investment trust’s stock worth $41,565,000 after buying an additional 2,937,603 shares in the last quarter. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Trading Up 0.3 %

Shares of NYSE SHO opened at $10.13 on Monday. Sunstone Hotel Investors has a 12 month low of $8.61 and a 12 month high of $11.59. The company has a market cap of $2.06 billion, a price-to-earnings ratio of 11.26, a P/E/G ratio of 4.80 and a beta of 1.23. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $10.25 and a 200-day simple moving average of $10.66.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). Sunstone Hotel Investors had a net margin of 20.69% and a return on equity of 10.75%. The company had revenue of $217.17 million for the quarter, compared to analysts’ expectations of $212.00 million. Sell-side analysts predict that Sunstone Hotel Investors will post 0.89 EPS for the current year.

Sunstone Hotel Investors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.09 per share. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.36 annualized dividend and a yield of 3.55%. Sunstone Hotel Investors’s dividend payout ratio is presently 28.89%.

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.