Sunstone Hotel Investors (NYSE:SHO) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Sunstone Hotel Investors (NYSE:SHO) from a buy rating to a hold rating in a research report report published on Saturday.

Other analysts have also recently issued reports about 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 research note on Friday, July 10th. Wells Fargo & Company raised Sunstone Hotel Investors to a “strong-buy” rating in a report on Thursday, July 23rd. JPMorgan Chase & Co. increased their price target on Sunstone Hotel Investors from $9.00 to $10.00 and gave the stock an “underweight” rating in a research report on Tuesday, July 21st. Finally, Zacks Research lowered Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.67.

Sunstone Hotel Investors Stock Down 2.6%

Shares of SHO opened at $10.79 on Friday. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 49.05, a P/E/G ratio of 2.26 and a beta of 0.97. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 0.59. Sunstone Hotel Investors has a 12 month low of $8.61 and a 12 month high of $12.07. The company has a 50-day moving average price of $11.54 and a two-hundred day moving average price of $10.24.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.06. The business had revenue of $277.11 million for the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. Equities analysts predict that Sunstone Hotel Investors will post 0.97 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.3%. Sunstone Hotel Investors’s dividend payout ratio is currently 163.64%.

Insider Buying and Selling

In other Sunstone Hotel Investors news, insider Robert C. Springer sold 89,631 shares of the firm’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 sale, the insider owned 573,743 shares in the company, valued at approximately $6,666,893.66. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Sunstone Hotel Investors

Large investors have recently modified their holdings of the stock. Royal Bank of Canada increased its holdings in shares of Sunstone Hotel Investors by 13.9% in the first quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 8,504 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Sunstone Hotel Investors by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock worth $789,000 after buying an additional 1,307 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Sunstone Hotel Investors by 3.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,358 shares of the real estate investment trust’s stock worth $1,123,000 after buying an additional 3,607 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Sunstone Hotel Investors by 132.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock valued at $26,231,000 after buying an additional 1,589,258 shares during the last quarter. Finally, United Services Automobile Association bought a new position in Sunstone Hotel Investors in the 1st quarter valued at $120,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Company Profile

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.