Wells Fargo & Company Cuts Sunstone Hotel Investors (NYSE:SHO) Price Target to $10.00

Sunstone Hotel Investors (NYSE:SHO) had its target price trimmed by Wells Fargo & Company from $11.00 to $10.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

SHO has been the subject of a number of other research reports. Robert W. Baird reissued a “neutral” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Wall Street Zen upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Saturday, February 28th. Zacks Research downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.44.

Sunstone Hotel Investors Trading Down 0.1%

Shares of SHO opened at $9.25 on Tuesday. Sunstone Hotel Investors has a 52-week low of $7.45 and a 52-week high of $10.27. The business’s fifty day moving average is $9.18 and its 200-day moving average is $9.23. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.94 and a current ratio of 2.94. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of 231.36, a PEG ratio of 2.55 and a beta of 0.97.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Friday, February 27th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.02. The business had revenue of $236.97 million during the quarter, compared to the consensus estimate of $226.18 million. Sunstone Hotel Investors had a return on equity of 1.44% and a net margin of 2.56%.Sunstone Hotel Investors’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.810-0.940 EPS. Equities analysts anticipate that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 900.00%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SHO. Balyasny Asset Management L.P. acquired a new position in shares of Sunstone Hotel Investors in the second quarter valued at approximately $41,332,000. Woodline Partners LP bought a new stake in Sunstone Hotel Investors during the 3rd quarter worth approximately $44,295,000. Alyeska Investment Group L.P. increased its position in Sunstone Hotel Investors by 86.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 5,369,789 shares of the real estate investment trust’s stock valued at $48,006,000 after acquiring an additional 2,495,914 shares during the period. Goldman Sachs Group Inc. increased its position in Sunstone Hotel Investors by 132.6% in the 1st 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 raised its stake in shares of Sunstone Hotel Investors by 92.4% during the third 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 acquiring an additional 1,292,691 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

About Sunstone Hotel Investors

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.