Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) PT at $10.57

Sunstone Hotel Investors, Inc. (NYSE:SHO) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $10.57.

SHO has been the subject of several recent research reports. StockNews.com upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Thursday, June 20th. Truist Financial dropped their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Baird R W upgraded Sunstone Hotel Investors to a “strong-buy” rating in a research report on Tuesday, May 28th. Compass Point raised Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $10.00 to $12.00 in a report on Tuesday, May 7th. Finally, Robert W. Baird raised Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $11.00 to $12.00 in a report on Tuesday, May 28th.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC boosted its stake in Sunstone Hotel Investors by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 1,215 shares in the last quarter. Diversified Trust Co grew its holdings in shares of Sunstone Hotel Investors by 3.9% during the 1st quarter. Diversified Trust Co now owns 34,553 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 1,303 shares during the last quarter. Quadrant Capital Group LLC raised its position in Sunstone Hotel Investors by 35.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,387 shares during the period. Penserra Capital Management LLC lifted its stake in Sunstone Hotel Investors by 7.5% in the third quarter. Penserra Capital Management LLC now owns 24,880 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 1,730 shares during the last quarter. Finally, Metis Global Partners LLC lifted its stake in Sunstone Hotel Investors by 15.7% in the fourth quarter. Metis Global Partners LLC now owns 14,062 shares of the real estate investment trust’s stock worth $151,000 after purchasing an additional 1,909 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Performance

Shares of SHO stock opened at $10.11 on Monday. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $10.24 and a two-hundred day simple moving average of $10.65. Sunstone Hotel Investors has a 12 month low of $8.61 and a 12 month high of $11.59. The firm has a market capitalization of $2.06 billion, a PE ratio of 11.23, a price-to-earnings-growth ratio of 4.83 and a beta of 1.23.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. The business had revenue of $217.17 million for the quarter, compared to the consensus estimate of $212.00 million. Analysts forecast that Sunstone Hotel Investors will post 0.89 EPS for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Friday, June 28th. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 28.89%.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.