Sunstone Hotel Investors Inc (NYSE:SHO) has earned an average recommendation of “Hold” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $10.00.
A number of brokerages have recently weighed in on SHO. SunTrust Banks lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, July 24th. Deutsche Bank reissued a “hold” rating and issued a $10.00 price target (down from $11.00) on shares of Sunstone Hotel Investors in a research report on Tuesday, May 19th. Morgan Stanley raised Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $7.00 to $8.00 in a research report on Wednesday. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, June 24th. Finally, ValuEngine raised Sunstone Hotel Investors from a “hold” rating to a “buy” rating in a research report on Tuesday, July 28th.
Sunstone Hotel Investors stock opened at $7.48 on Thursday. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -27.70 and a beta of 1.08. Sunstone Hotel Investors has a 52-week low of $5.75 and a 52-week high of $14.47. The stock’s 50 day moving average price is $8.10 and its two-hundred day moving average price is $9.67. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.04 and a current ratio of 5.04.
Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Friday, May 8th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.14). Sunstone Hotel Investors had a negative return on equity of 1.69% and a negative net margin of 3.88%. The business had revenue of $191.21 million for the quarter, compared to the consensus estimate of $209.65 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. Sunstone Hotel Investors’s quarterly revenue was down 25.8% on a year-over-year basis. On average, equities research analysts forecast that Sunstone Hotel Investors will post -0.43 EPS for the current year.
In other Sunstone Hotel Investors news, Director W Blake Baird bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $7.18 per share, with a total value of $35,900.00. Following the transaction, the director now directly owns 44,857 shares in the company, valued at approximately $322,073.26. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in SHO. Pearl River Capital LLC purchased a new stake in shares of Sunstone Hotel Investors during the 1st quarter valued at $69,000. Caxton Associates LP bought a new position in shares of Sunstone Hotel Investors during the 1st quarter worth $101,000. Ontario Teachers Pension Plan Board bought a new position in shares of Sunstone Hotel Investors during the 1st quarter worth $107,000. M&T Bank Corp bought a new position in shares of Sunstone Hotel Investors during the 1st quarter worth $157,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in shares of Sunstone Hotel Investors during the 1st quarter worth $168,000.
Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate 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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