Sunstone Hotel Investors (NYSE:SHO) Hits New 1-Year Low – Here’s Why

Sunstone Hotel Investors, Inc. (NYSE:SHO) shares hit a new 52-week low during trading on Friday . The company traded as low as $9.39 and last traded at $9.48, with a volume of 1003458 shares. The stock had previously closed at $9.69.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SHO shares. Wells Fargo & Company dropped their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group raised their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Truist Financial lowered their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a report on Friday, March 21st. Finally, Morgan Stanley restated an “underweight” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $11.57.

Sunstone Hotel Investors Stock Down 2.2 %

The stock has a 50 day moving average price of $10.74 and a 200 day moving average price of $10.87. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market capitalization of $1.91 billion, a P/E ratio of 12.47, a PEG ratio of 4.52 and a beta of 1.19.

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

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 3.80%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 257.14%.

Institutional Trading of Sunstone Hotel Investors

Several hedge funds have recently made changes to their positions in SHO. Heritage Family Offices LLP grew its position in shares of Sunstone Hotel Investors by 7.2% in the fourth quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 969 shares in the last quarter. Nissay Asset Management Corp Japan ADV grew its holdings in Sunstone Hotel Investors by 3.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 33,889 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 1,258 shares in the last quarter. Vanderbilt University increased its position in shares of Sunstone Hotel Investors by 9.4% during the fourth quarter. Vanderbilt University now owns 14,808 shares of the real estate investment trust’s stock valued at $175,000 after buying an additional 1,276 shares during the period. Xponance Inc. lifted its holdings in shares of Sunstone Hotel Investors by 10.9% in the fourth quarter. Xponance Inc. now owns 14,709 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,441 shares in the last quarter. Finally, 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 worth $39,000 after buying an additional 1,743 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors.

About Sunstone Hotel Investors

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.