Sunstone Hotel Investors, Inc. (SHO) Receives $15.88 Average Target Price from Analysts

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $15.88.

SHO has been the topic of a number of recent research reports. Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the company a “hold” rating in a report on Monday, October 23rd. FBR & Co restated a “hold” rating on shares of Sunstone Hotel Investors in a report on Tuesday, October 31st. BidaskClub lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, J P Morgan Chase & Co lowered Sunstone Hotel Investors from a “neutral” rating to an “underweight” rating and set a $14.00 price target on the stock. in a report on Thursday, November 16th.

Sunstone Hotel Investors (NYSE:SHO) traded up $0.17 during mid-day trading on Friday, hitting $16.66. The stock had a trading volume of 1,015,454 shares, compared to its average volume of 1,912,533. Sunstone Hotel Investors has a 52 week low of $14.15 and a 52 week high of $17.15. The company has a quick ratio of 4.75, a current ratio of 4.76 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $3,750.00, a price-to-earnings ratio of 13.52, a PEG ratio of 2.76 and a beta of 1.10.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating 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 analyst estimates of $299.90 million. During the same quarter last year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. research analysts expect that Sunstone Hotel Investors will post 1.2 EPS for the current year.

A number of institutional investors have recently modified their holdings of SHO. Vanguard Group Inc. lifted its holdings in Sunstone Hotel Investors by 4.5% during the second quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after acquiring an additional 1,619,745 shares during the period. Franklin Resources Inc. raised its stake in shares of Sunstone Hotel Investors by 41.8% in the second quarter. Franklin Resources Inc. now owns 5,061,301 shares of the real estate investment trust’s stock valued at $81,588,000 after buying an additional 1,490,802 shares during the period. Frontier Capital Management Co. LLC raised its stake in shares of Sunstone Hotel Investors by 43.3% in the second quarter. Frontier Capital Management Co. LLC now owns 4,184,909 shares of the real estate investment trust’s stock valued at $67,461,000 after buying an additional 1,263,508 shares during the period. Ameriprise Financial Inc. raised its stake in shares of Sunstone Hotel Investors by 49.3% in the second quarter. Ameriprise Financial Inc. now owns 2,643,022 shares of the real estate investment trust’s stock valued at $42,605,000 after buying an additional 873,060 shares during the period. Finally, Rothschild Asset Management Inc. bought a new stake in shares of Sunstone Hotel Investors in the third quarter valued at $13,013,000.

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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.

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