Sunstone Hotel Investors (NYSE:SHO) Cut to Hold at Zacks Research

Sunstone Hotel Investors (NYSE:SHO) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.

SHO has been the subject of a number of other research reports. JPMorgan Chase & Co. raised their price objective on Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Tuesday. Truist Financial upped their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Thursday, March 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sunstone Hotel Investors in a report on Friday, July 10th. Wall Street Zen raised shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, LADENBURG THALM/SH SH initiated coverage on shares of Sunstone Hotel Investors in a research note on Thursday, March 26th. They set a “hold” rating and a $10.00 price target for the company. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Sunstone Hotel Investors currently has an average rating of “Hold” and an average price target of $10.71.

Sunstone Hotel Investors Price Performance

Shares of NYSE SHO opened at $11.74 on Thursday. The company has a current ratio of 3.42, a quick ratio of 3.42 and a debt-to-equity ratio of 0.58. The firm’s 50-day moving average price is $11.35 and its 200-day moving average price is $10.06. The firm has a market capitalization of $2.19 billion, a P/E ratio of 106.78, a P/E/G ratio of 2.57 and a beta of 0.97. Sunstone Hotel Investors has a 1-year low of $8.48 and a 1-year high of $12.07.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The business had revenue of $259.71 million during the quarter, compared to analyst estimates of $244.29 million. During the same period in the previous year, the company posted $0.21 EPS. The firm’s revenue was up 10.9% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Equities research analysts anticipate that Sunstone Hotel Investors will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Sunstone Hotel Investors

In other news, insider Robert C. Springer sold 89,631 shares of the firm’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $11.62, for a total value of $1,041,512.22. Following the transaction, the insider owned 573,743 shares in the company, valued at $6,666,893.66. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several institutional investors have recently bought and sold shares of the stock. Kestra Advisory Services LLC purchased a new stake in Sunstone Hotel Investors in the 4th quarter valued at $26,000. North Star Investment Management Corp. purchased a new position in Sunstone Hotel Investors during the 1st quarter worth $27,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Sunstone Hotel Investors by 27.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock worth $47,000 after acquiring an additional 1,135 shares during the last quarter. FIL Ltd grew its stake in shares of Sunstone Hotel Investors by 57.2% in the 4th quarter. FIL Ltd now owns 9,010 shares of the real estate investment trust’s stock worth $81,000 after acquiring an additional 3,280 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth $88,000. Institutional investors own 99.37% of the company’s stock.

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.