Sunstone Hotel Investors (NYSE:SHO) Price Target Raised to $10.00

Sunstone Hotel Investors (NYSE:SHO) had its price target increased by JPMorgan Chase & Co. from $9.00 to $10.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has an underweight rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on SHO. LADENBURG THALM/SH SH began coverage on Sunstone Hotel Investors in a research note on Thursday, March 26th. They set a “hold” rating and a $10.00 price target on the stock. Citigroup upped their price objective on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sunstone Hotel Investors in a report on Friday, July 10th. Zacks Research raised shares of Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 18th. Finally, Wells Fargo & Company boosted their price target on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $10.71.

Sunstone Hotel Investors Trading Down 1.0%

SHO opened at $11.63 on Tuesday. The stock’s fifty day moving average is $11.32 and its two-hundred day moving average is $10.04. The company has a market capitalization of $2.17 billion, a P/E ratio of 105.71, a PEG ratio of 2.54 and a beta of 0.97. Sunstone Hotel Investors has a 52 week low of $8.48 and a 52 week high of $12.07. The company has a quick ratio of 3.42, a current ratio of 3.42 and a debt-to-equity ratio of 0.58.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The business had revenue of $259.71 million during the quarter, compared to analyst estimates of $244.29 million. During the same period in the previous year, the company posted $0.21 EPS. Sunstone Hotel Investors’s revenue was up 10.9% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. Analysts forecast that Sunstone Hotel Investors will post 0.91 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, June 30th. Sunstone Hotel Investors’s payout ratio is 327.27%.

Insider Buying and Selling

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the business’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total value of $1,041,512.22. Following the completion of the transaction, the insider directly owned 573,743 shares in the company, valued at approximately $6,666,893.66. The trade was a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SHO. Longboard Asset Management LP bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $124,000. Bank of America Corp DE lifted its position in Sunstone Hotel Investors by 21.1% during the first quarter. Bank of America Corp DE now owns 10,099,538 shares of the real estate investment trust’s stock valued at $90,997,000 after acquiring an additional 1,757,965 shares during the last quarter. Amundi boosted its stake in Sunstone Hotel Investors by 29.8% in the first quarter. Amundi now owns 132,464 shares of the real estate investment trust’s stock valued at $1,194,000 after acquiring an additional 30,384 shares in the last quarter. California State Teachers Retirement System boosted its stake in Sunstone Hotel Investors by 33.1% in the first quarter. California State Teachers Retirement System now owns 228,623 shares of the real estate investment trust’s stock valued at $2,060,000 after acquiring an additional 56,837 shares in the last quarter. Finally, Royal Bank of Canada boosted its stake in Sunstone Hotel Investors by 1.2% in the first quarter. Royal Bank of Canada now owns 103,294 shares of the real estate investment trust’s stock valued at $931,000 after acquiring an additional 1,204 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.