Sunstone Hotel Investors (NYSE:SHO) Upgraded at StockNews.com

Sunstone Hotel Investors (NYSE:SHO) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

SHO has been the subject of several other research reports. Baird R W raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Tuesday, May 28th. Compass Point raised shares of Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and increased their price objective for the company from $10.00 to $12.00 in a research note on Tuesday, May 7th. Truist Financial dropped their price objective on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, Robert W. Baird upgraded shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and upped their price target for the company from $11.00 to $12.00 in a research report on Tuesday, May 28th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sunstone Hotel Investors presently has a consensus rating of “Hold” and an average price target of $10.57.

Sunstone Hotel Investors Trading Down 0.6 %

SHO opened at $10.10 on Thursday. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.43. Sunstone Hotel Investors has a 12 month low of $8.61 and a 12 month high of $11.59. The firm’s fifty day simple moving average is $10.28 and its 200 day simple moving average is $10.65. The stock has a market capitalization of $2.06 billion, a P/E ratio of 11.22, a P/E/G ratio of 4.82 and a beta of 1.23.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.11). Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. The firm had revenue of $217.17 million for the quarter, compared to analyst estimates of $212.00 million. As a group, research analysts anticipate that Sunstone Hotel Investors will post 0.89 EPS for the current fiscal year.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of hedge funds have recently made changes to their positions in SHO. EntryPoint Capital LLC purchased a new position in Sunstone Hotel Investors during the 1st quarter valued at $30,000. Plato Investment Management Ltd purchased a new position in Sunstone Hotel Investors during the 1st quarter valued at $49,000. Quadrant Capital Group LLC increased its position in Sunstone Hotel Investors by 35.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 1,387 shares during the period. Quadrature Capital Ltd purchased a new position in Sunstone Hotel Investors during the 4th quarter valued at $125,000. Finally, Evergreen Capital Management LLC purchased a new position in Sunstone Hotel Investors during the 3rd quarter valued at $127,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Company Profile

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.