Sunstone Hotel Investors (NYSE:SHO) Reaches New 12-Month Low Following Analyst Downgrade

Sunstone Hotel Investors, Inc. (NYSE:SHO) shares hit a new 52-week low during mid-day trading on Wednesday after Jefferies Financial Group lowered their price target on the stock from $12.00 to $8.00. Jefferies Financial Group currently has a hold rating on the stock. Sunstone Hotel Investors traded as low as $7.45 and last traded at $7.64, with a volume of 218536 shares trading hands. The stock had previously closed at $7.72.

Other research analysts have also recently issued research reports about the stock. Wells Fargo & Company decreased their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley reissued an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Finally, Truist Financial lowered their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sunstone Hotel Investors currently has a consensus rating of “Hold” and an average target price of $11.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SHO. Point72 Asia Singapore Pte. Ltd. bought a new stake in Sunstone Hotel Investors during the fourth quarter worth approximately $33,000. Smartleaf Asset Management LLC raised its stake in shares of Sunstone Hotel Investors by 442.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 2,448 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,743 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of Sunstone Hotel Investors in the fourth quarter valued at $42,000. Finally, Sterling Capital Management LLC boosted its stake in Sunstone Hotel Investors by 805.2% during the fourth quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 5,701 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Trading Down 5.5 %

The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 10.72, a price-to-earnings-growth ratio of 4.52 and a beta of 1.16. The business has a fifty day moving average of $10.04 and a 200-day moving average of $10.73.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company had revenue of $214.77 million for the quarter, compared to analysts’ expectations of $211.17 million. On average, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.09 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.36 annualized dividend and a dividend yield of 4.42%. Sunstone Hotel Investors’s dividend payout ratio is currently 257.14%.

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.