Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have received a consensus rating of “Hold” from the fifteen brokerages that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $15.88.
A number of brokerages have recently weighed in on SHO. J P Morgan Chase & Co downgraded shares of Sunstone Hotel Investors from a “neutral” rating to an “underweight” rating and set a $14.00 price target for the company. in a report on Thursday, November 16th. B. Riley reissued a “neutral” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Boenning Scattergood reissued a “hold” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. Finally, FBR & Co reissued a “hold” rating on shares of Sunstone Hotel Investors in a research note on Tuesday, October 31st.
Sunstone Hotel Investors (SHO) opened at $16.71 on Friday. The company has a market cap of $3,695.28, a PE ratio of 13.44, a price-to-earnings-growth ratio of 2.74 and a beta of 1.11. Sunstone Hotel Investors has a one year low of $14.15 and a one year high of $17.15. 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 (NYSE:SHO) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The business had revenue of $303.91 million for the quarter, compared to analyst estimates of $299.90 million. During the same quarter in the prior year, the business earned $0.33 EPS. Sunstone Hotel Investors’s quarterly revenue was up .2% on a year-over-year basis. equities analysts expect that Sunstone Hotel Investors will post 1.2 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Utah Retirement Systems lifted its position in shares of 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 valued at $216,000 after purchasing an additional 400 shares in the last quarter. GSA Capital Partners LLP bought a new stake in Sunstone Hotel Investors in the second quarter worth about $243,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Sunstone Hotel Investors by 11.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock worth $256,000 after acquiring an additional 1,613 shares during the period. Profund Advisors LLC raised its position in Sunstone Hotel Investors by 1.6% in the second quarter. Profund Advisors LLC now owns 16,650 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 257 shares during the period. Finally, Breton Hill Capital Ltd. raised its position in Sunstone Hotel Investors by 27.5% in the third quarter. Breton Hill Capital Ltd. now owns 16,700 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 3,600 shares during the period.
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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.
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