Sunstone Hotel Investors (NYSE:SHO) Receives Underweight Rating from Morgan Stanley

Sunstone Hotel Investors (NYSE:SHO)‘s stock had its “underweight” rating reissued by research analysts at Morgan Stanley in a research report issued to clients and investors on Tuesday, MarketBeat Ratings reports. They currently have a $10.00 price target on the real estate investment trust’s stock. Morgan Stanley’s target price would indicate a potential downside of 13.27% from the stock’s current price.

Other research analysts have also issued reports about the company. Wells Fargo & Company raised their price target on Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. Jefferies Financial Group raised their target price on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $11.86.

Sunstone Hotel Investors Stock Performance

Sunstone Hotel Investors stock opened at $11.53 on Tuesday. The company has a market cap of $2.32 billion, a PE ratio of 15.17, a PEG ratio of 6.45 and a beta of 1.21. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors has a 1 year low of $9.39 and a 1 year high of $12.41. The company’s 50-day moving average is $11.39 and its two-hundred day moving average is $10.64.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The business had revenue of $226.40 million for the quarter, compared to the consensus estimate of $224.61 million. During the same period last year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. Equities analysts anticipate that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Institutional Investors Weigh In On Sunstone Hotel Investors

Hedge funds have recently modified their holdings of the business. Federated Hermes Inc. acquired a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at approximately $34,000. GAMMA Investing LLC boosted its holdings in shares of Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,743 shares during the period. Quarry LP increased its position in shares of Sunstone Hotel Investors by 584.1% during the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 3,680 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Sunstone Hotel Investors during the third quarter worth $59,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Sunstone Hotel Investors by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 1,937 shares during the period. Institutional investors and hedge funds own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.