Sunstone Hotel Investors (NYSE:SHO) Downgraded by Evercore to “Hold”

Evercore downgraded shares of Sunstone Hotel Investors (NYSE:SHO) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks reports.

SHO has been the subject of a number of other reports. Weiss Ratings upgraded Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. increased their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “underweight” rating in a report on Wednesday, October 21st. Wells Fargo & Company upgraded Sunstone Hotel Investors to a “strong-buy” rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Finally, Truist Financial raised their target price on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the company a “hold” rating in a report on Thursday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $11.43.

Sunstone Hotel Investors Stock Up 0.9%

NYSE SHO opened at $12.62 on Monday. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.59. Sunstone Hotel Investors has a 1-year low of $8.69 and a 1-year high of $12.78. The company has a 50 day moving average of $11.36 and a 200-day moving average of $10.48. The company has a market cap of $2.35 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 2.94 and a beta of 1.00.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. Sunstone Hotel Investors had a return on equity of 3.21% and a net margin of 5.30%. The business had revenue of $277.11 million during the quarter, compared to analysts’ expectations of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. On average, equities research analysts expect that Sunstone Hotel Investors will post 0.98 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, September 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 163.64%.

Hedge Funds Weigh In On Sunstone Hotel Investors

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Sunstone Hotel Investors during the 2nd quarter worth $402,089,000. Bank of America Corp DE grew its position in Sunstone Hotel Investors by 21.1% in 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. Legal & General Group Plc bought a new position in Sunstone Hotel Investors in the second quarter valued at about $33,113,000. Dimensional Fund Advisors LP raised its stake in Sunstone Hotel Investors by 2.1% during the first quarter. Dimensional Fund Advisors LP now owns 2,591,239 shares of the real estate investment trust’s stock worth $23,348,000 after acquiring an additional 54,242 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in Sunstone Hotel Investors during the second quarter worth about $16,769,000. Institutional investors own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE: SHO) is a real estate investment trust that owns and manages hotels in the United States. The company focuses primarily on upscale and upper-upscale properties located in major business, convention, and leisure destinations.

Sunstone’s portfolio includes full-service hotels operated under well-known hospitality brands as well as independent properties. Its hotels provide accommodations, restaurants and bars, meeting and event facilities, fitness amenities, and other services designed for business and leisure travelers.

The company has historically pursued ownership of institutional-quality lodging assets in markets with strong travel demand, including coastal gateway cities and popular resort and urban destinations.