Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Average Recommendation of “Hold” by Analysts

Sunstone Hotel Investors, Inc. (NYSE:SHO) has been given an average rating of “Hold” by the eight analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $11.86.

SHO has been the topic of a number of analyst reports. Jefferies Financial Group upped their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Finally, Wells Fargo & Company raised their target price on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, December 9th.

Sunstone Hotel Investors Trading Down 0.5 %

NYSE SHO opened at $11.30 on Tuesday. Sunstone Hotel Investors has a one year low of $9.39 and a one year high of $12.41. The business’s fifty day moving average is $11.80 and its 200-day moving average is $10.81. The stock has a market capitalization of $2.27 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 3.78 and a beta of 1.20. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98.

Sunstone Hotel Investors (NYSE:SHO) last issued its 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 quarter in the prior year, the business earned $0.23 EPS. Sunstone Hotel Investors’s revenue for the quarter was down 8.6% compared to the same quarter last year. Equities research analysts predict that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in Sunstone Hotel Investors by 442.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 2,448 shares in the last quarter. 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 worth $39,000 after buying an additional 1,743 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Sunstone Hotel Investors during the 3rd quarter worth $59,000. Mirae Asset Global Investments Co. Ltd. increased its position in Sunstone Hotel Investors by 34.8% in 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 buying an additional 1,937 shares in the last quarter. Finally, KBC Group NV raised its stake in Sunstone Hotel Investors by 55.4% during the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 3,249 shares during the period. 99.37% of the stock is currently owned by institutional investors.

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.