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

Sunstone Hotel Investors, Inc. (NYSE:SHO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released 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 analysts have also commented on SHO. J P Morgan Chase & Co lifted their price objective on Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Boenning Scattergood reaffirmed a “hold” rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. FBR & Co reissued a “hold” rating on shares of Sunstone Hotel Investors in a report on Tuesday, October 31st. Robert W. Baird set a $17.00 price objective on Sunstone Hotel Investors and gave the company a “hold” rating in a research report on Monday, October 23rd. Finally, DA Davidson restated a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, September 6th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus price target of $15.89.

Sunstone Hotel Investors (NYSE SHO) opened at $16.26 on Friday. The stock has a market capitalization of $3,688.52, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 2.74 and a beta of 1.11. Sunstone Hotel Investors has a one year low of $13.51 and a one year high of $17.15. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.75 and a current ratio of 4.76.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.18. The business had revenue of $303.91 million during the quarter, compared to analysts’ expectations of $299.90 million. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. equities research analysts forecast that Sunstone Hotel Investors will post 1.2 EPS for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in Sunstone Hotel Investors by 4.5% in 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 purchasing an additional 1,619,745 shares in the last quarter. BlackRock Inc. grew its stake in Sunstone Hotel Investors by 1.3% in the second quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock worth $319,172,000 after purchasing an additional 255,552 shares in the last quarter. Principal Financial Group Inc. grew its stake in Sunstone Hotel Investors by 3.5% in 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 purchasing an additional 431,187 shares in the last quarter. State Street Corp grew its stake in Sunstone Hotel Investors by 2.6% in 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 purchasing an additional 217,834 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Sunstone Hotel Investors by 9.3% in 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 purchasing an additional 554,518 shares in the last quarter.

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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Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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