Sunstone Hotel Investors (NYSE:SHO) Stock Rating Upgraded by Wolfe Research

Sunstone Hotel Investors (NYSE:SHOGet Free Report) was upgraded by Wolfe Research from a “peer perform” rating to an “outperform” rating in a note issued to investors on Wednesday, FinViz reports. The brokerage presently has a $12.00 price target on the real estate investment trust’s stock. Wolfe Research’s target price suggests a potential upside of 18.23% from the company’s previous close.

SHO has been the topic of several other research reports. Baird R W upgraded shares of Sunstone Hotel Investors to a “strong-buy” rating in a report on Tuesday, May 28th. StockNews.com cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Compass Point raised shares of Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and upped their price target for the company from $10.00 to $12.00 in a report on Tuesday, May 7th. Truist Financial reduced their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, Robert W. Baird upgraded Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and upped their target price for the stock from $11.00 to $12.00 in a research note on Tuesday, May 28th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus price target of $10.75.

Get Our Latest Stock Analysis on Sunstone Hotel Investors

Sunstone Hotel Investors Stock Down 0.1 %

NYSE:SHO opened at $10.15 on Wednesday. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.43. Sunstone Hotel Investors has a twelve month low of $8.61 and a twelve month high of $11.59. The company has a market cap of $2.07 billion, a PE ratio of 11.28, a P/E/G ratio of 4.82 and a beta of 1.24. The company’s 50 day moving average is $10.22 and its two-hundred day moving average is $10.62.

Sunstone Hotel Investors (NYSE:SHOGet Free Report) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.05 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.11). The company had revenue of $217.17 million for the quarter, compared to analyst estimates of $212.00 million. Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. Analysts anticipate that Sunstone Hotel Investors will post 0.89 EPS for the current year.

Institutional Trading of Sunstone Hotel Investors

Several hedge funds have recently made changes to their positions in the business. Penserra Capital Management LLC increased its holdings in shares of Sunstone Hotel Investors by 7.5% in the 3rd quarter. Penserra Capital Management LLC now owns 24,880 shares of the real estate investment trust’s stock valued at $231,000 after acquiring an additional 1,730 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Sunstone Hotel Investors by 8.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 651,736 shares of the real estate investment trust’s stock valued at $6,094,000 after purchasing an additional 52,835 shares during the last quarter. Diversified Trust Co boosted its position in shares of Sunstone Hotel Investors by 7.1% in the 4th quarter. Diversified Trust Co now owns 33,250 shares of the real estate investment trust’s stock valued at $357,000 after purchasing an additional 2,209 shares during the period. Raymond James & Associates grew its stake in Sunstone Hotel Investors by 31.0% during the 4th quarter. Raymond James & Associates now owns 77,920 shares of the real estate investment trust’s stock worth $836,000 after buying an additional 18,443 shares during the last quarter. Finally, Tributary Capital Management LLC increased its position in Sunstone Hotel Investors by 11.9% during the fourth quarter. Tributary Capital Management LLC now owns 1,338,167 shares of the real estate investment trust’s stock worth $14,359,000 after buying an additional 142,105 shares during the period. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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