Sunstone Hotel Investors (NYSE:SHO) Stock Rating Upgraded by Evercore ISI

Sunstone Hotel Investors (NYSE:SHO) was upgraded by stock analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research note issued on Friday, MarketBeat.com reports. The firm presently has a $10.00 price objective on the real estate investment trust’s stock. Evercore ISI’s target price would indicate a potential upside of 12.07% from the company’s current price.

Several other equities analysts have also weighed in on the company. Morgan Stanley cut their target price on Sunstone Hotel Investors from $9.00 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company dropped their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Jefferies Financial Group dropped their price target on Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating on the stock in a research report on Wednesday, April 9th. Truist Financial dropped their price target 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. Finally, Bank of America raised Sunstone Hotel Investors from an “underperform” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Wednesday, April 30th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $10.25.

Sunstone Hotel Investors Stock Performance

Shares of NYSE SHO opened at $8.92 on Friday. The business has a fifty day simple moving average of $8.80 and a 200 day simple moving average of $10.39. Sunstone Hotel Investors has a one year low of $7.45 and a one year high of $12.41. The firm has a market capitalization of $1.77 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 4.52 and a beta of 1.25. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. The business had revenue of $234.07 million for the quarter, compared to analysts’ expectations of $243.34 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. Sell-side analysts expect that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Heritage Family Offices LLP increased its position in shares of Sunstone Hotel Investors by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock worth $171,000 after purchasing an additional 969 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of 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 worth $406,000 after acquiring an additional 1,258 shares during the period. Vanderbilt University boosted its stake in shares of Sunstone Hotel Investors by 9.4% during the 4th quarter. Vanderbilt University now owns 14,808 shares of the real estate investment trust’s stock worth $175,000 after acquiring an additional 1,276 shares during the period. AQR Capital Management LLC boosted its stake in shares of Sunstone Hotel Investors by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock worth $789,000 after acquiring an additional 1,307 shares during the period. Finally, Xponance Inc. boosted its stake in shares of Sunstone Hotel Investors by 10.9% during the 4th quarter. Xponance Inc. now owns 14,709 shares of the real estate investment trust’s stock worth $174,000 after acquiring an additional 1,441 shares during the period. Institutional investors and hedge funds 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.