Sunstone Hotel Investors (NYSE:SHO) Upgraded by Compass Point to “Neutral”

Sunstone Hotel Investors (NYSE:SHO) was upgraded by research analysts at Compass Point from a “sell” rating to a “neutral” rating in a note issued to investors on Tuesday, MarketBeat reports. The brokerage currently has a $12.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $10.00. Compass Point’s price target would indicate a potential upside of 16.50% from the stock’s current price.

Other research analysts have also issued reports about the company. StockNews.com upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Truist Financial increased their price objective on Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.50.

Sunstone Hotel Investors Stock Performance

Shares of NYSE SHO opened at $10.30 on Tuesday. The business has a fifty day simple moving average of $10.80 and a 200 day simple moving average of $10.53. The company has a current ratio of 7.03, a quick ratio of 7.03 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $2.10 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 3.98 and a beta of 1.22. Sunstone Hotel Investors has a one year low of $8.61 and a one year high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.44. The business had revenue of $219.20 million during the quarter, compared to analyst estimates of $192.56 million. Sunstone Hotel Investors had a return on equity of 11.32% and a net margin of 20.95%. Sunstone Hotel Investors’s revenue was down 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.26 earnings per share. Sell-side analysts expect that Sunstone Hotel Investors will post 0.85 EPS for the current year.

Institutional Trading of Sunstone Hotel Investors

Large investors have recently made changes to their positions in the business. Quadrant Capital Group LLC grew its holdings in shares of Sunstone Hotel Investors by 35.4% during the fourth quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,387 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Sunstone Hotel Investors during the third quarter worth $101,000. Versor Investments LP bought a new stake in shares of Sunstone Hotel Investors during the third quarter worth $112,000. Quadrature Capital Ltd bought a new stake in shares of Sunstone Hotel Investors during the fourth quarter worth $125,000. Finally, Evergreen Capital Management LLC bought a new stake in shares of Sunstone Hotel Investors during the third quarter worth $127,000. Institutional investors own 99.37% of the company’s stock.

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.