Sunstone Hotel Investors (NYSE:SHO) was upgraded by Boenning Scattergood from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, Marketbeat Ratings reports.
Several other analysts also recently weighed in on SHO. FBR & Co restated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. JPMorgan Chase & Co. upped their price objective on Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. B. Riley restated a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Finally, Wells Fargo & Co restated a “market perform” rating and set a $17.50 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, December 19th. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $15.94.
Shares of Sunstone Hotel Investors (NYSE:SHO) traded down $0.11 during mid-day trading on Wednesday, hitting $15.16. The company had a trading volume of 1,541,690 shares, compared to its average volume of 1,894,814. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.42. Sunstone Hotel Investors has a twelve month low of $14.15 and a twelve month high of $17.46. The company has a market cap of $3,510.51, a P/E ratio of 25.45, a P/E/G ratio of 2.78 and a beta of 1.05.
Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a return on equity of 5.56% and a net margin of 12.53%. The business had revenue of $290.19 million for the quarter, compared to the consensus estimate of $284.59 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. Sunstone Hotel Investors’s quarterly revenue was up .2% compared to the same quarter last year. analysts anticipate that Sunstone Hotel Investors will post 1.12 EPS for the current year.
In other Sunstone Hotel Investors news, CFO Bryan Albert Giglia sold 18,426 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.73, for a total value of $308,266.98. Following the completion of the transaction, the chief financial officer now owns 229,833 shares of the company’s stock, valued at approximately $3,845,106.09. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.84% of the stock is owned by corporate insiders.
Hedge funds have recently modified their holdings of the company. Ameritas Investment Partners Inc. increased its stake in shares of Sunstone Hotel Investors by 3.2% in the second quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 609 shares during the period. California Public Employees Retirement System increased its stake in shares of Sunstone Hotel Investors by 6.6% in the third quarter. California Public Employees Retirement System now owns 648,218 shares of the real estate investment trust’s stock valued at $10,417,000 after buying an additional 40,279 shares during the period. Prudential Financial Inc. increased its stake in shares of Sunstone Hotel Investors by 6.1% in the third quarter. Prudential Financial Inc. now owns 2,496,710 shares of the real estate investment trust’s stock valued at $40,122,000 after buying an additional 143,639 shares during the period. ClariVest Asset Management LLC grew its stake in Sunstone Hotel Investors by 3.4% during the third quarter. ClariVest Asset Management LLC now owns 196,500 shares of the real estate investment trust’s stock worth $3,158,000 after purchasing an additional 6,500 shares during the period. Finally, Nationwide Fund Advisors grew its stake in Sunstone Hotel Investors by 22.8% during the third quarter. Nationwide Fund Advisors now owns 464,047 shares of the real estate investment trust’s stock worth $7,457,000 after purchasing an additional 86,234 shares during the period.
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About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.
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