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

Sunstone Hotel Investors, Inc. (NYSE:SHO) has earned an average rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $9.1429.

Several brokerages have recently weighed in on SHO. Wells Fargo & Company lifted their price objective on Sunstone Hotel Investors from $8.50 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, December 1st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Finally, Truist Financial reduced 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 report on Wednesday, September 3rd.

Sunstone Hotel Investors Stock Up 0.4%

Shares of SHO opened at $9.13 on Friday. The company has a 50-day simple moving average of $9.19 and a 200-day simple moving average of $9.15. The firm has a market capitalization of $1.73 billion, a P/E ratio of 11.12, a P/E/G ratio of 2.70 and a beta of 1.02. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.08. Sunstone Hotel Investors has a 52 week low of $7.45 and a 52 week high of $12.27.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Friday, November 7th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Sunstone Hotel Investors had a return on equity of 1.04% and a net margin of 1.94%.The business had revenue of $229.32 million for the quarter, compared to the consensus estimate of $226.05 million. During the same period last year, the business earned $0.18 earnings per share. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. On average, equities research analysts expect that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.9%.

Hedge Funds Weigh In On Sunstone Hotel Investors

A number of hedge funds have recently modified their holdings of SHO. Balyasny Asset Management L.P. bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $41,332,000. Woodline Partners LP acquired a new position in Sunstone Hotel Investors during the third quarter worth $44,295,000. Alyeska Investment Group L.P. lifted its holdings in shares of Sunstone Hotel Investors by 252.8% during the third quarter. Alyeska Investment Group L.P. now owns 2,873,875 shares of the real estate investment trust’s stock valued at $26,928,000 after acquiring an additional 2,059,222 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of Sunstone Hotel Investors by 132.6% during the first quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock valued at $26,231,000 after acquiring an additional 1,589,258 shares during the period. Finally, Tributary Capital Management LLC boosted its stake in shares of Sunstone Hotel Investors by 92.4% in the 3rd quarter. Tributary Capital Management LLC now owns 2,691,706 shares of the real estate investment trust’s stock valued at $25,221,000 after purchasing an additional 1,292,691 shares in the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Company Profile

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.