Sunstone Hotel Investors, Inc. (NYSE:SHO) Receives Consensus Recommendation of “Hold” from Analysts


Shares of Sunstone Hotel Investors, Inc. (NYSE:SHOGet Rating) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $12.57.

A number of brokerages have weighed in on SHO. StockNews.com upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Tuesday, July 5th. Truist Financial upped their price target on Sunstone Hotel Investors from $11.00 to $12.00 and gave the company a “hold” rating in a research report on Wednesday, June 1st. Finally, Evercore ISI reiterated an “outperform” rating and issued a $13.00 price target on shares of Sunstone Hotel Investors in a research report on Monday, July 11th.

Institutional Trading of Sunstone Hotel Investors

Several large investors have recently made changes to their positions in the business. Verdence Capital Advisors LLC bought a new position in Sunstone Hotel Investors in the fourth quarter valued at about $306,000. Van ECK Associates Corp boosted its holdings in Sunstone Hotel Investors by 66.9% in the fourth quarter. Van ECK Associates Corp now owns 16,946 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 6,794 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Sunstone Hotel Investors by 29.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,278 shares of the real estate investment trust’s stock valued at $203,000 after acquiring an additional 3,961 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Sunstone Hotel Investors in the fourth quarter valued at about $1,177,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in Sunstone Hotel Investors by 11.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 197,090 shares of the real estate investment trust’s stock valued at $2,312,000 after acquiring an additional 20,090 shares during the last quarter.

Sunstone Hotel Investors Stock Performance

Shares of NYSE SHO opened at $10.65 on Monday. The business has a fifty day simple moving average of $10.78 and a 200 day simple moving average of $11.24. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 28.78 and a beta of 1.22. Sunstone Hotel Investors has a one year low of $9.30 and a one year high of $13.91.

Sunstone Hotel Investors (NYSE:SHOGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.02). Sunstone Hotel Investors had a net margin of 15.57% and a return on equity of 5.20%. The company had revenue of $172.30 million during the quarter, compared to the consensus estimate of $157.67 million. During the same quarter last year, the company earned ($0.13) earnings per share. The business’s revenue was up 240.3% on a year-over-year basis. Sell-side analysts expect that Sunstone Hotel Investors will post 0.77 EPS for the current year.

About Sunstone Hotel Investors

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Sunstone Hotel Investors, Inc is a lodging real estate investment trust (“REIT”) that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone’s business is to acquire, own, asset manage and renovate or reposition hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)



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