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

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned an average recommendation of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $9.3750.

Several research analysts recently weighed in on the company. Wall Street Zen downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Wells Fargo & Company raised Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $10.00 to $11.00 in a report on Monday, January 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, January 21st. Robert W. Baird restated a “neutral” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Finally, Zacks Research lowered shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th.

Institutional Investors Weigh In On Sunstone Hotel Investors

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Sunstone Hotel Investors by 27.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,135 shares during the period. California State Teachers Retirement System lifted its position in Sunstone Hotel Investors by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 178,604 shares of the real estate investment trust’s stock worth $1,550,000 after acquiring an additional 1,170 shares during the period. AQR Capital Management LLC grew its stake in Sunstone Hotel Investors by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock valued at $789,000 after purchasing an additional 1,307 shares during the last quarter. Ethic Inc. increased its holdings in shares of Sunstone Hotel Investors by 12.7% in the second quarter. Ethic Inc. now owns 13,936 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 1,573 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of Sunstone Hotel Investors by 8.8% in the second quarter. Janney Montgomery Scott LLC now owns 20,912 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 1,691 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Price Performance

Shares of SHO opened at $9.38 on Friday. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 11.44, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. Sunstone Hotel Investors has a twelve month low of $7.45 and a twelve month high of $11.37. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average of $9.14 and a two-hundred day moving average of $9.22.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.