Sunstone Hotel Investors, Inc. (NYSE:SHO) had its price target hoisted by J P Morgan Chase & Co from $13.00 to $14.00 in a report issued on Wednesday. They currently have a neutral rating on the real estate investment trust’s stock.
A number of other research firms have also recently commented on SHO. Boenning Scattergood reissued a hold rating on shares of Sunstone Hotel Investors in a report on Wednesday. Robert W. Baird set a $17.00 price target on Sunstone Hotel Investors and gave the stock a hold rating in a report on Monday, October 23rd. Zacks Investment Research cut Sunstone Hotel Investors from a buy rating to a hold rating in a report on Tuesday, August 8th. FBR & Co reaffirmed a hold rating on shares of Sunstone Hotel Investors in a report on Tuesday, October 31st. Finally, Canaccord Genuity upped their price objective on Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a buy rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. Sunstone Hotel Investors presently has an average rating of Hold and an average target price of $15.89.
Sunstone Hotel Investors (NYSE SHO) traded down $0.10 during midday trading on Wednesday, reaching $16.48. The company had a trading volume of 911,421 shares, compared to its average volume of 1,468,901. The company has a current ratio of 4.76, a quick ratio of 6.04 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors has a one year low of $12.15 and a one year high of $17.15. The stock has a market cap of $3,713.31, a PE ratio of 13.51, 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 real estate investment trust reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The company had revenue of $303.91 million for the quarter, compared to analysts’ expectations of $299.90 million. During the same period in the previous year, the firm earned $0.33 EPS. The firm’s revenue was up .2% compared to the same quarter last year. sell-side analysts predict that Sunstone Hotel Investors will post 1.2 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its position in shares of Sunstone Hotel Investors by 6.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 449 shares during the last quarter. Breton Hill Capital Ltd. increased its position in shares of Sunstone Hotel Investors by 14.9% during the 2nd quarter. Breton Hill Capital Ltd. now owns 13,100 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,700 shares during the last quarter. Utah Retirement Systems increased its position in shares of Sunstone Hotel Investors by 3.1% during the 2nd 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 during the last quarter. GSA Capital Partners LLP bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter valued at approximately $243,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sunstone Hotel Investors by 11.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,613 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.
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