Sunstone Hotel Investors (NYSE:SHO) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Sunstone Hotel Investors, Inc. (NYSE:SHO)’s share price passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $10.78 and traded as high as $11.42. Sunstone Hotel Investors shares last traded at $11.3250, with a volume of 2,085,938 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Zacks Research cut shares of Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. increased their target price on Sunstone Hotel Investors from $9.00 to $10.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Wells Fargo & Company raised Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. Truist Financial upped their price target on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company a “hold” rating in a report on Thursday, September 10th. Finally, Wall Street Zen cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.00.

Sunstone Hotel Investors Price Performance

The stock has a market capitalization of $2.08 billion, a P/E ratio of 50.84, a PEG ratio of 2.68 and a beta of 1.00. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.84 and a current ratio of 3.84. The firm has a fifty day moving average price of $11.18 and a two-hundred day moving average price of $10.79.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $277.11 million during the quarter, compared to analysts’ expectations of $266.67 million. Sunstone Hotel Investors had a return on equity of 3.21% and a net margin of 5.30%.Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. As a group, analysts expect that Sunstone Hotel Investors, Inc. will post 0.97 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.2%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 163.64%.

Institutional Trading of Sunstone Hotel Investors

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in shares of Sunstone Hotel Investors in the second quarter worth $402,089,000. Bank of America Corp DE bought a new position in Sunstone Hotel Investors in the 2nd quarter worth $71,074,000. Legal & General Group Plc bought a new position in Sunstone Hotel Investors in the 2nd quarter worth $33,113,000. SG Americas Securities LLC increased its stake in Sunstone Hotel Investors by 1,899.5% in the 1st quarter. SG Americas Securities LLC now owns 2,244,427 shares of the real estate investment trust’s stock worth $20,222,000 after buying an additional 2,132,180 shares in the last quarter. Finally, William Blair Investment Management LLC purchased a new stake in Sunstone Hotel Investors in the 2nd quarter worth $16,769,000. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a real estate investment trust (REIT) that owns, acquires, renovates and manages hotels in the United States. The company focuses primarily on upscale and upper-upscale lodging properties located in major urban, coastal and resort destinations.

Its portfolio includes independent and branded hotels serving business and leisure travelers. Properties may operate under well-known hospitality brands or as independent hotels, and typically offer guest rooms, meeting and event facilities, restaurants, bars, spas and other hospitality services.