Sunstone Hotel Investors (NYSE:SHO) Downgraded to “Sell” at StockNews.com

StockNews.com cut shares of Sunstone Hotel Investors (NYSE:SHO) from a hold rating to a sell rating in a research report released on Friday.

A number of other analysts also recently issued reports on SHO. Baird R W upgraded shares of Sunstone Hotel Investors to a strong-buy rating in a report on Tuesday, May 28th. Robert W. Baird raised shares of Sunstone Hotel Investors from a neutral rating to an outperform rating and raised their target price for the company from $11.00 to $12.00 in a research note on Tuesday, May 28th. Truist Financial dropped their price target on shares of 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. Finally, Compass Point upgraded shares of Sunstone Hotel Investors from a sell rating to a neutral rating and increased their price target for the company from $10.00 to $12.00 in a research note on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of $10.57.

Sunstone Hotel Investors Stock Performance

Shares of SHO stock opened at $10.46 on Friday. The company has a market capitalization of $2.13 billion, a P/E ratio of 11.62, a price-to-earnings-growth ratio of 4.90 and a beta of 1.23. Sunstone Hotel Investors has a 52 week low of $8.61 and a 52 week high of $11.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 8.17 and a current ratio of 8.17. The company’s 50 day moving average price is $10.25 and its two-hundred day moving average price is $10.65.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The company had revenue of $217.17 million during the quarter, compared to analyst estimates of $212.00 million. Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. On average, analysts expect that Sunstone Hotel Investors will post 0.89 earnings per share for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.09 dividend. The ex-dividend date is Friday, June 28th. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 3.44%. Sunstone Hotel Investors’s payout ratio is 28.89%.

Institutional Trading of Sunstone Hotel Investors

Institutional investors have recently bought and sold shares of the business. Janney Montgomery Scott LLC raised its position in shares of Sunstone Hotel Investors by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 1,215 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Sunstone Hotel Investors by 3.9% during the first quarter. Diversified Trust Co now owns 34,553 shares of the real estate investment trust’s stock worth $385,000 after purchasing an additional 1,303 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Sunstone Hotel Investors by 35.4% in the fourth quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 1,387 shares during the period. Penserra Capital Management LLC raised its holdings in Sunstone Hotel Investors by 7.5% in the 3rd quarter. Penserra Capital Management LLC now owns 24,880 shares of the real estate investment trust’s stock valued at $231,000 after buying an additional 1,730 shares during the last quarter. Finally, Metis Global Partners LLC boosted its position in Sunstone Hotel Investors by 15.7% during the 4th quarter. Metis Global Partners LLC now owns 14,062 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 1,909 shares during the period. Institutional investors own 99.37% of the company’s stock.

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.