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

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

SHO has been the topic of a number of other reports. Wolfe Research raised Sunstone Hotel Investors from a peer perform rating to an outperform rating and set a $12.00 target price on the stock in a research report on Wednesday, July 10th. 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 raised Sunstone Hotel Investors to a strong-buy rating in a research report on Tuesday, May 28th. Robert W. Baird raised Sunstone Hotel Investors from a neutral rating to an outperform rating and lifted their target price for the stock from $11.00 to $12.00 in a research report on Tuesday, May 28th. Finally, Compass Point raised Sunstone Hotel Investors from a sell rating to a neutral rating and lifted their target price for the stock from $10.00 to $12.00 in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus price target of $10.75.

Sunstone Hotel Investors Trading Down 1.9 %

Shares of SHO opened at $9.93 on Thursday. The stock’s 50-day moving average is $10.26 and its two-hundred day moving average is $10.57. The stock has a market cap of $2.02 billion, a PE ratio of 11.03, a P/E/G ratio of 4.78 and a beta of 1.24. Sunstone Hotel Investors has a 12 month low of $8.61 and a 12 month high of $11.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.17 and a quick ratio of 8.17.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The company had revenue of $217.17 million for 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%. Equities analysts forecast that Sunstone Hotel Investors will post 0.9 earnings per share for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, June 28th. 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 dividend yield of 3.63%. Sunstone Hotel Investors’s dividend payout ratio is 33.33%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. grew its holdings in shares of Sunstone Hotel Investors by 572.0% during the first quarter. Russell Investments Group Ltd. now owns 219,000 shares of the real estate investment trust’s stock valued at $2,440,000 after purchasing an additional 186,413 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Sunstone Hotel Investors by 7.8% during the fourth quarter. The Manufacturers Life Insurance Company now owns 3,281,393 shares of the real estate investment trust’s stock valued at $35,209,000 after purchasing an additional 236,708 shares during the last quarter. Norges Bank bought a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at approximately $14,656,000. SG Americas Securities LLC bought a new position in shares of Sunstone Hotel Investors during the first quarter valued at approximately $1,657,000. Finally, Balyasny Asset Management L.P. grew its holdings in shares of Sunstone Hotel Investors by 313.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,873,721 shares of the real estate investment trust’s stock valued at $41,565,000 after purchasing an additional 2,937,603 shares during the last quarter. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Company Profile

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.