Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) Target Price at $9.14

by · The Cerbat Gem

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO – Get Free Report) have been given a consensus recommendation of “Hold” by the eight analysts that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $9.1429.

SHO has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price target on shares of Sunstone Hotel Investors from $8.50 to $10.00 and gave the stock an “equal weight” rating in a research note on Monday, December 1st. Truist Financial decreased their price objective on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th.

Get Our Latest Stock Analysis on SHO

Sunstone Hotel Investors Stock Down 0.1%

Shares of NYSE SHO opened at $9.12 on Friday. The stock has a market cap of $1.73 billion, a P/E ratio of 11.12, a PEG ratio of 2.70 and a beta of 1.03. The business’s fifty day simple moving average is $9.18 and its 200-day simple moving average is $9.15. Sunstone Hotel Investors has a 12-month low of $7.45 and a 12-month high of $12.27. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55.

Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last issued its quarterly earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.02. The company had revenue of $229.32 million for the quarter, compared to the consensus estimate of $226.05 million. Sunstone Hotel Investors had a return on equity of 1.04% and a net margin of 1.94%.Sunstone Hotel Investors’s revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.18 EPS. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. As a group, equities analysts predict that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.36 annualized dividend and a yield of 3.9%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Hedge funds have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. lifted its position in shares of Sunstone Hotel Investors by 951.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 2,722 shares during the last quarter. Assetmark Inc. raised its stake in Sunstone Hotel Investors by 210.4% during the 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 2,464 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Sunstone Hotel Investors by 62.7% in the first quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,881 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sunstone Hotel Investors by 33.0% in the second quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 1,595 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Sunstone Hotel Investors by 46.8% during the second quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 2,087 shares during the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

About Sunstone Hotel Investors

(Get Free Report)

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.

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