Sunstone Hotel Investors (NYSE:SHO) Downgraded by Wall Street Zen to Sell

Sunstone Hotel Investors (NYSE:SHO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Sunday.

SHO has been the topic of several other reports. Wells Fargo & Company upgraded Sunstone Hotel Investors to a “hold” rating in a research report on Friday, October 3rd. Evercore ISI lifted their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Finally, Truist Financial decreased their target price on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating on the stock in a research note on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $8.93.

Sunstone Hotel Investors Stock Performance

Sunstone Hotel Investors stock opened at $9.48 on Friday. Sunstone Hotel Investors has a fifty-two week low of $7.45 and a fifty-two week high of $12.41. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of 473.99, a PEG ratio of 5.32 and a beta of 1.28. The stock’s 50 day simple moving average is $9.34 and its two-hundred day simple moving average is $9.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.73 and a current ratio of 2.73.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Friday, November 7th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The business had revenue of $229.32 million for the quarter, compared to the consensus estimate of $226.05 million. During the same period in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 1.3% compared to the same quarter last year. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. As a group, analysts expect that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Creative Planning lifted its position in Sunstone Hotel Investors by 11.9% during the 3rd quarter. Creative Planning now owns 19,882 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 2,108 shares during the period. FJ Capital Management LLC acquired a new stake in shares of Sunstone Hotel Investors during the third quarter worth about $123,000. Amundi boosted its position in Sunstone Hotel Investors by 13.2% in the third quarter. Amundi now owns 99,736 shares of the real estate investment trust’s stock valued at $920,000 after buying an additional 11,594 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Sunstone Hotel Investors in the 3rd quarter worth approximately $2,081,000. Finally, UBS Group AG lifted its stake in Sunstone Hotel Investors by 119.2% during the 3rd quarter. UBS Group AG now owns 1,328,330 shares of the real estate investment trust’s stock valued at $12,446,000 after acquiring an additional 722,323 shares during the period. 99.37% of the stock is owned by institutional investors and hedge funds.

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.