Sunstone Hotel Investors (NYSE:SHO) Price Target Raised to $11.00

Sunstone Hotel Investors (NYSE:SHO) had its price target upped by Truist Financial from $10.00 to $11.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a hold rating on the real estate investment trust’s stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 24th. Zacks Research lowered Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Monday, January 12th. Wall Street Zen upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.44.

Sunstone Hotel Investors Stock Performance

NYSE SHO opened at $8.96 on Thursday. The company has a market capitalization of $1.69 billion, a PE ratio of 223.93, a price-to-earnings-growth ratio of 2.46 and a beta of 0.97. The company has a debt-to-equity ratio of 0.55, a quick ratio of 2.94 and a current ratio of 2.94. Sunstone Hotel Investors has a 52-week low of $7.45 and a 52-week high of $10.27. The company has a 50-day simple moving average of $9.18 and a 200 day simple moving average of $9.23.

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

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, March 31st. Sunstone Hotel Investors’s payout ratio is currently 900.00%.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of hedge funds and other institutional investors have recently bought and sold shares of SHO. State Street Corp boosted its holdings in shares of Sunstone Hotel Investors by 4.9% in the second quarter. State Street Corp now owns 12,179,383 shares of the real estate investment trust’s stock worth $106,784,000 after acquiring an additional 571,619 shares during the period. Bank of America Corp DE raised its stake in shares of Sunstone Hotel Investors by 7.1% during the 3rd quarter. Bank of America Corp DE now owns 7,753,798 shares of the real estate investment trust’s stock valued at $72,653,000 after purchasing an additional 513,641 shares during the period. Alyeska Investment Group L.P. raised its stake in shares of Sunstone Hotel Investors by 86.8% during 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 purchasing an additional 2,495,914 shares during the period. Balyasny Asset Management L.P. purchased a new stake in Sunstone Hotel Investors during the 2nd quarter worth about $41,332,000. Finally, Woodline Partners LP purchased a new stake in Sunstone Hotel Investors during the 3rd quarter worth about $44,295,000. 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.