Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives Average Rating of “Hold” from Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $9.3750.

A number of analysts recently issued reports on SHO shares. Zacks Research downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Robert W. Baird reissued a “neutral” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, January 21st. Finally, Wells Fargo & Company raised shares of Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $10.00 to $11.00 in a research report on Monday, January 5th.

Sunstone Hotel Investors Price Performance

SHO stock opened at $9.22 on Friday. The company has a market cap of $1.75 billion, a PE ratio of 11.18, a price-to-earnings-growth ratio of 1.88 and a beta of 1.01. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average price of $9.11 and a two-hundred day moving average price of $9.20. Sunstone Hotel Investors has a 12-month low of $7.45 and a 12-month high of $11.51.

Institutional Trading of Sunstone Hotel Investors

Large investors have recently modified their holdings of the business. Squarepoint Ops LLC bought a new stake in Sunstone Hotel Investors during the second quarter valued at $1,997,000. Tributary Capital Management LLC grew its position in Sunstone Hotel Investors by 92.4% in the 3rd quarter. Tributary Capital Management LLC now owns 2,691,706 shares of the real estate investment trust’s stock worth $25,221,000 after purchasing an additional 1,292,691 shares during the last quarter. Westwood Holdings Group Inc. increased its position in Sunstone Hotel Investors by 10.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,961,174 shares of the real estate investment trust’s stock valued at $34,383,000 after acquiring an additional 384,277 shares during the period. Ethic Inc. increased its holdings in shares of Sunstone Hotel Investors by 12.7% during the second quarter. Ethic Inc. now owns 13,936 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 1,573 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in Sunstone Hotel Investors by 19.0% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 217,739 shares of the real estate investment trust’s stock valued at $1,890,000 after buying an additional 34,720 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.