Boenning Scattergood Reiterates “Hold” Rating for Sunstone Hotel Investors, Inc. (SHO)

Boenning Scattergood restated their hold rating on shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in a report published on Wednesday. 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 reports. BidaskClub cut shares of Sunstone Hotel Investors from a hold rating to a sell rating in a research note on Friday, August 25th. FBR & Co reissued a hold rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Robert W. Baird reissued a hold rating and issued a $17.00 price objective on shares of Sunstone Hotel Investors in a research report on Thursday, September 21st. Zacks Investment Research cut shares of Sunstone Hotel Investors from a buy rating to a hold rating in a research report on Tuesday, August 8th. Finally, Canaccord Genuity boosted their price objective on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a buy rating in a research report on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. Sunstone Hotel Investors presently has an average rating of Hold and a consensus target price of $15.89.

Sunstone Hotel Investors (NYSE:SHO) opened at $16.48 on Wednesday. Sunstone Hotel Investors has a 52 week low of $12.15 and a 52 week high of $17.15. The company has a current ratio of 4.76, a quick ratio of 6.04 and a debt-to-equity ratio of 0.40. The company has a market cap of $3,713.31, a PE ratio of 13.51, a P/E/G ratio of 2.76 and a beta of 1.11.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $303.91 million during the quarter, compared to analysts’ expectations of $299.90 million. During the same period in the previous year, the company earned $0.33 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. analysts predict that Sunstone Hotel Investors will post 1.2 earnings per share for the current year.

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Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Sunstone Hotel Investors by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after purchasing an additional 1,619,745 shares during the period. BlackRock Inc. lifted its position in shares of Sunstone Hotel Investors by 1.3% in the 2nd quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock worth $319,172,000 after purchasing an additional 255,552 shares during the period. Principal Financial Group Inc. lifted its position in shares of Sunstone Hotel Investors by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock worth $206,238,000 after purchasing an additional 431,187 shares during the period. State Street Corp lifted its position in shares of Sunstone Hotel Investors by 2.6% in the 2nd quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock worth $140,687,000 after purchasing an additional 217,834 shares during the period. Finally, FMR LLC lifted its position in shares of Sunstone Hotel Investors by 8.5% in the 2nd quarter. FMR LLC now owns 6,002,200 shares of the real estate investment trust’s stock worth $96,755,000 after purchasing an additional 470,200 shares during the period.

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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