Sunstone Hotel Investors (NYSE:SHO) Raised to “Hold” at StockNews.com

StockNews.com upgraded shares of Sunstone Hotel Investors (NYSE:SHO) from a sell rating to a hold rating in a research report sent to investors on Thursday.

Several other research firms have also recently issued reports on SHO. Baird R W raised Sunstone Hotel Investors to a strong-buy rating in a report on Tuesday, May 28th. Compass Point raised Sunstone Hotel Investors from a sell rating to a neutral rating and upped their target price for the company from $10.00 to $12.00 in a report on Tuesday, May 7th. Robert W. Baird raised Sunstone Hotel Investors from a neutral rating to an outperform rating and lifted their price target for the stock from $11.00 to $12.00 in a research note on Tuesday, May 28th. Finally, Truist Financial cut their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set a hold rating on the stock in a report on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sunstone Hotel Investors has an average rating of Hold and a consensus target price of $10.57.

Sunstone Hotel Investors Stock Up 0.3 %

SHO opened at $10.13 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 8.17 and a current ratio of 8.17. The company has a market capitalization of $2.06 billion, a PE ratio of 11.26, a P/E/G ratio of 4.80 and a beta of 1.23. The stock’s fifty day moving average is $10.25 and its 200-day moving average is $10.65. Sunstone Hotel Investors has a one year low of $8.61 and a one year high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $212.00 million. On average, equities analysts predict that Sunstone Hotel Investors will post 0.89 EPS for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. This represents a $0.36 dividend on an annualized basis and a yield of 3.55%. Sunstone Hotel Investors’s payout ratio is 28.89%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC bought a new stake in Sunstone Hotel Investors in the first quarter worth $30,000. Plato Investment Management Ltd acquired a new position in shares of Sunstone Hotel Investors during the 1st quarter valued at about $49,000. Quadrant Capital Group LLC increased its holdings in shares of Sunstone Hotel Investors by 35.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,387 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Sunstone Hotel Investors in the 4th quarter valued at approximately $125,000. Finally, Evergreen Capital Management LLC acquired a new stake in Sunstone Hotel Investors in the 3rd quarter worth approximately $127,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

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.