Sunstone Hotel Investors, Inc. (NYSE:SHO) Raised to “Hold” at Zacks Investment Research

Sunstone Hotel Investors, Inc. (NYSE:SHO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, November 3rd.

According to Zacks, “Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies, such as Marriott, Hilton, InterContinental and Hyatt. “

Several other brokerages have also recently weighed in on SHO. J P Morgan Chase & Co boosted their price objective on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. Robert W. Baird set a $17.00 target price on shares of 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. Finally, Canaccord Genuity boosted their target price on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.89.

Shares of Sunstone Hotel Investors (SHO) traded down $0.01 during trading hours on Friday, reaching $16.48. 979,270 shares of the company were exchanged, compared to its average volume of 1,927,778. The company has a market capitalization of $3,663.73, a PE ratio of 13.33, a price-to-earnings-growth ratio of 2.72 and a beta of 1.11. Sunstone Hotel Investors has a fifty-two week low of $13.65 and a fifty-two week high of $17.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75.

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, topping analysts’ consensus estimates of $0.13 by $0.18. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The firm had revenue of $303.91 million for the quarter, compared to analysts’ expectations of $299.90 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The company’s revenue was up .2% on a year-over-year basis. sell-side analysts predict that Sunstone Hotel Investors will post 1.2 EPS for the current fiscal year.

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Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of 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 in the last quarter. BlackRock Inc. increased its position in shares of Sunstone Hotel Investors by 1.3% during the second quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock worth $319,172,000 after acquiring an additional 255,552 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Sunstone Hotel Investors by 3.5% during the third quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock worth $206,238,000 after acquiring an additional 431,187 shares in the last quarter. State Street Corp increased its position in shares of Sunstone Hotel Investors by 2.6% during the second quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock worth $140,687,000 after acquiring an additional 217,834 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Sunstone Hotel Investors by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 6,531,026 shares of the real estate investment trust’s stock worth $105,148,000 after acquiring an additional 554,518 shares in 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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Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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