Sunstone Hotel Investors, Inc. (SHO) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) from a sell rating to a hold rating in a report released on Friday.

According to Zacks, “Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies, such as Marriott, Hilton, InterContinental and Hyatt. “

Several other equities research analysts have also commented on SHO. BidaskClub downgraded shares of Sunstone Hotel Investors from a buy rating to a hold rating in a report on Monday, July 24th. Canaccord Genuity upped their target price on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a buy rating in a report on Thursday, August 3rd. Robert W. Baird reaffirmed a hold rating and issued a $17.00 target price 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 report on Tuesday. Finally, Boenning Scattergood reaffirmed a hold rating on shares of Sunstone Hotel Investors in a report on Wednesday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Sunstone Hotel Investors has an average rating of Hold and an average target price of $15.89.

Shares of Sunstone Hotel Investors (NYSE SHO) traded down $0.09 on Friday, reaching $16.48. 915,338 shares of the company’s stock were exchanged, compared to its average volume of 1,468,901. The stock has a market cap of $3,713.31, a price-to-earnings ratio of 13.51, a PEG ratio of 2.76 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 6.04 and a current ratio of 4.76. Sunstone Hotel Investors has a 1-year low of $12.15 and a 1-year high of $17.15.

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

ILLEGAL ACTIVITY WARNING: “Sunstone Hotel Investors, Inc. (SHO) Upgraded by Zacks Investment Research to Hold” was originally published by Community Financial News and is owned by of Community Financial News. If you are viewing this piece of content on another site, it was illegally stolen and republished in violation of United States and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.com-unik.info/2017/11/04/sunstone-hotel-investors-inc-sho-upgraded-by-zacks-investment-research-to-hold.html.

A number of institutional investors have recently bought and sold shares of the stock. Profund Advisors LLC increased its position in shares of Sunstone Hotel Investors by 1.6% during 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. Utah Retirement Systems increased 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 worth $216,000 after acquiring an additional 400 shares during the period. Ameritas Investment Partners Inc. increased its position in shares of Sunstone Hotel Investors by 3.2% during the second quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock worth $313,000 after acquiring an additional 609 shares during the period. GAM Holding AG increased its position in shares of Sunstone Hotel Investors by 3.7% during the second quarter. GAM Holding AG now owns 18,830 shares of the real estate investment trust’s stock worth $304,000 after acquiring an additional 666 shares during the period. Finally, Amalgamated Bank increased its position in shares of Sunstone Hotel Investors by 2.6% during the second quarter. Amalgamated Bank now owns 28,029 shares of the real estate investment trust’s stock worth $452,000 after acquiring an additional 704 shares during the period.

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.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

What are top analysts saying about Sunstone Hotel Investors Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Sunstone Hotel Investors Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit