Brokerages Set Sunstone Hotel Investors, Inc. (SHO) Target Price at $15.88

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been given a consensus rating of “Hold” by the fourteen research firms that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $15.88.

Several research firms have recently weighed in on SHO. BidaskClub cut shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Canaccord Genuity upped their price target on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. FBR & Co reiterated a “hold” rating on shares of Sunstone Hotel Investors in a report on Tuesday, October 31st. Robert W. Baird set a $17.00 price target on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a report on Monday, October 23rd. Finally, Zacks Investment Research cut shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th.

Shares of Sunstone Hotel Investors (NYSE:SHO) traded down $0.08 during midday trading on Monday, reaching $16.54. 976,851 shares of the company were exchanged, compared to its average volume of 1,959,282. The firm has a market capitalization of $3,675.00, a PE ratio of 13.37, a P/E/G ratio of 2.73 and a beta of 1.11. 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 52-week low of $13.19 and a 52-week high of $17.15.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.18. The firm had revenue of $303.91 million during the quarter, compared to analysts’ expectations of $299.90 million. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 earnings per share. analysts forecast that Sunstone Hotel Investors will post 1.2 EPS for the current year.

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Institutional investors and hedge funds have recently made changes to their positions in the stock. Breton Hill Capital Ltd. boosted its holdings in Sunstone Hotel Investors by 14.9% during the second quarter. Breton Hill Capital Ltd. now owns 13,100 shares of the real estate investment trust’s stock worth $211,000 after purchasing an additional 1,700 shares during the last quarter. Utah Retirement Systems boosted its holdings in Sunstone Hotel Investors by 3.1% during the second quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 400 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Sunstone Hotel Investors during the second quarter worth $243,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Sunstone Hotel Investors by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 1,613 shares during the last quarter. Finally, Paragon Capital Management Ltd boosted its holdings in Sunstone Hotel Investors by 49.2% during the second quarter. Paragon Capital Management Ltd now owns 16,275 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 5,369 shares during the last quarter.

Sunstone Hotel Investors Company Profile

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.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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