Boenning Scattergood restated their hold rating on shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in a research note released on Wednesday, November 1st. Boenning Scattergood also issued estimates for Sunstone Hotel Investors’ Q4 2017 earnings at $0.25 EPS, FY2017 earnings at $1.19 EPS and Q4 2018 earnings at $0.27 EPS.
SHO has been the subject of a number of other research reports. BidaskClub downgraded shares of Sunstone Hotel Investors from a hold rating to a sell rating in a report on Friday, August 25th. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a buy rating to a hold rating in a report on Tuesday, August 8th. Robert W. Baird restated a hold rating and set a $17.00 price target on shares of Sunstone Hotel Investors in a report on Thursday, September 21st. FBR & Co reaffirmed a hold rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Finally, Canaccord Genuity increased their price objective on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a buy rating in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of C$15.89.
Shares of Sunstone Hotel Investors (SHO) traded down C$0.02 during mid-day trading on Wednesday, hitting C$16.52. The stock had a trading volume of 807,300 shares, compared to its average volume of 1,954,009. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.75 and a current ratio of 4.76. Sunstone Hotel Investors has a 1-year low of C$13.47 and a 1-year high of C$17.15. The firm has a market capitalization of $3,722.31, a P/E ratio of 13.54, a PEG ratio of 2.76 and a beta of 1.11.
Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Monday, October 30th. The company reported C$0.31 EPS for the quarter, beating the consensus estimate of C$0.13 by C$0.18. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The company had revenue of C$303.91 million for the quarter, compared to analyst estimates of C$299.90 million. During the same period in the prior year, the company earned $0.33 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. sell-side analysts forecast that Sunstone Hotel Investors will post 1.2 earnings per share for the current year.
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Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Sunstone Hotel Investors by 4.5% in the second quarter. Vanguard Group Inc. now owns 37,717,053 shares of the company’s stock valued at $607,999,000 after acquiring an additional 1,619,745 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Sunstone Hotel Investors by 1.3% in the second quarter. BlackRock Inc. now owns 19,799,736 shares of the company’s stock valued at $319,172,000 after acquiring an additional 255,552 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Sunstone Hotel Investors by 3.5% in the third quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the company’s stock valued at $206,238,000 after acquiring an additional 431,187 shares in the last quarter. State Street Corp boosted its holdings in Sunstone Hotel Investors by 2.6% during the second quarter. State Street Corp now owns 8,727,578 shares of the company’s stock worth $140,687,000 after buying an additional 217,834 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Sunstone Hotel Investors by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 6,531,026 shares of the company’s stock worth $105,148,000 after buying an additional 554,518 shares in the last quarter.
About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.
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