Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) Price Target at $9.38

Sunstone Hotel Investors, Inc. (NYSE:SHO) has received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $9.3750.

A number of research firms have commented on SHO. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, January 21st. Wells Fargo & Company raised shares of Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $10.00 to $11.00 in a report on Monday, January 5th. Zacks Research lowered shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Robert W. Baird reissued a “neutral” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Finally, Wall Street Zen cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th.

Sunstone Hotel Investors Stock Performance

SHO opened at $9.22 on Friday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.55. Sunstone Hotel Investors has a 12-month low of $7.45 and a 12-month high of $11.51. The business has a 50 day moving average of $9.12 and a 200-day moving average of $9.21. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 1.89 and a beta of 1.01.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of hedge funds and other institutional investors have recently modified their holdings of SHO. Hantz Financial Services Inc. grew its stake in shares of Sunstone Hotel Investors by 951.7% in the second quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 2,722 shares in the last quarter. Kestra Advisory Services LLC bought a new stake in Sunstone Hotel Investors in the 4th quarter valued at about $26,000. Assetmark Inc. grew its position in shares of Sunstone Hotel Investors by 210.4% during the 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 2,464 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Sunstone Hotel Investors by 27.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 1,135 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in shares of Sunstone Hotel Investors by 46.8% during the second quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 2,087 shares during the period. Institutional investors and hedge funds own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.