StockNews.com Lowers Sunstone Hotel Investors (NYSE:SHO) to Sell

StockNews.com downgraded shares of Sunstone Hotel Investors (NYSE:SHO) from a hold rating to a sell rating in a research note issued to investors on Friday morning.

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

Sunstone Hotel Investors Stock Up 1.5 %

Shares of Sunstone Hotel Investors stock opened at $10.46 on Friday. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.17 and a quick ratio of 8.17. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 11.62, a P/E/G ratio of 4.97 and a beta of 1.23. The stock has a 50-day simple moving average of $10.25 and a 200-day simple moving average of $10.65. Sunstone Hotel Investors has a 52-week low of $8.61 and a 52-week high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The company had revenue of $217.17 million during the quarter, compared to analyst estimates of $212.00 million. Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. On average, equities research analysts expect that Sunstone Hotel Investors will post 0.89 earnings per share for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.09 dividend. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. This represents a $0.36 annualized dividend and a yield of 3.44%. The ex-dividend date is Friday, June 28th. Sunstone Hotel Investors’s dividend payout ratio is currently 28.89%.

Institutional Investors Weigh In On Sunstone Hotel Investors

Institutional investors have recently made changes to their positions in the stock. Plato Investment Management Ltd bought a new position in Sunstone Hotel Investors during the 1st quarter worth approximately $49,000. Price T Rowe Associates Inc. MD increased its position in shares of Sunstone Hotel Investors by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 106,553 shares of the real estate investment trust’s stock worth $1,188,000 after purchasing an additional 6,439 shares during the last quarter. Quadrature Capital Ltd raised its position in Sunstone Hotel Investors by 123.9% during the first quarter. Quadrature Capital Ltd now owns 26,144 shares of the real estate investment trust’s stock worth $291,000 after acquiring an additional 14,469 shares in the last quarter. EntryPoint Capital LLC bought a new stake in shares of Sunstone Hotel Investors in the 1st quarter valued at about $30,000. Finally, MQS Management LLC raised its stake in Sunstone Hotel Investors by 65.4% in the first quarter. MQS Management LLC now owns 87,668 shares of the real estate investment trust’s stock valued at $977,000 after buying an additional 34,655 shares during the period. 99.37% of the stock is owned by institutional investors and hedge funds.

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.