Truist Financial Issues Pessimistic Forecast for Sunstone Hotel Investors (NYSE:SHO) Stock Price

Sunstone Hotel Investors (NYSE:SHO) had its target price decreased by Truist Financial from $12.00 to $11.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s price target points to a potential upside of 13.11% from the stock’s current price.

SHO has been the subject of several other reports. Morgan Stanley reiterated an “underweight” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Wells Fargo & Company decreased their price objective on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group increased their price objective on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $11.57.

Sunstone Hotel Investors Trading Down 0.9 %

Shares of NYSE SHO opened at $9.73 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. Sunstone Hotel Investors has a 52-week low of $9.39 and a 52-week high of $12.41. The firm has a 50 day moving average price of $10.89 and a two-hundred day moving average price of $10.88. The stock has a market cap of $1.95 billion, a P/E ratio of 12.80, a price-to-earnings-growth ratio of 4.52 and a beta of 1.19.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm had revenue of $214.77 million during the quarter, compared to analysts’ expectations of $211.17 million. As a group, equities analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Institutional Investors Weigh In On Sunstone Hotel Investors

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in Sunstone Hotel Investors by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock worth $49,284,000 after purchasing an additional 1,130,558 shares during the period. Intech Investment Management LLC acquired a new stake in Sunstone Hotel Investors in the third quarter worth $573,000. NFJ Investment Group LLC acquired a new stake in Sunstone Hotel Investors in the third quarter worth $3,220,000. Principal Financial Group Inc. grew its holdings in Sunstone Hotel Investors by 11.6% in the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust’s stock worth $11,566,000 after purchasing an additional 116,058 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Sunstone Hotel Investors by 2.1% in the third quarter. Geode Capital Management LLC now owns 5,247,927 shares of the real estate investment trust’s stock worth $54,169,000 after purchasing an additional 109,327 shares during the period. 99.37% of the stock is currently owned by institutional investors and hedge funds.

About Sunstone Hotel Investors

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.