Sunstone Hotel Investors Rating Lowered to Hold at Stifel Nicolaus (SHO)
Sunstone Hotel Investors (NYSE:SHO) was downgraded by stock analysts at Stifel Nicolaus from a “buy” rating to a “hold” rating in a report issued on Monday, TheFlyOnTheWall.com reports. They currently have a $14.00 price target on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 4.32% from the stock’s previous close. The analysts noted that the move was a valuation call.
SHO has been the subject of a number of other recent research reports. Analysts at ISI Group downgraded shares of Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a research note to investors on Monday, October 14th. They now have a $14.50 price target on the stock. Separately, analysts at Morgan Stanley initiated coverage on shares of Sunstone Hotel Investors in a research note to investors on Thursday, October 10th. They set an “equal weight” rating and a $14.00 price target on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.04.
Shares of Sunstone Hotel Investors (NYSE:SHO) traded up 1.28% on Monday, hitting $13.42. 2,148,842 shares of the company’s stock traded hands. Sunstone Hotel Investors has a 52 week low of $9.19 and a 52 week high of $14.10. The stock’s 50-day moving average is $13.17 and its 200-day moving average is $12.62. The company has a market cap of $2.186 billion and a P/E ratio of 28.62.
Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Tuesday, August 6th. The company reported $0.30 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.30. The company had revenue of $234.60 million for the quarter, compared to the consensus estimate of $236.18 million. During the same quarter last year, the company posted $0.35 earnings per share. Sunstone Hotel Investors’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that Sunstone Hotel Investors will post $0.96 EPS for the current fiscal year.
Sunstone Hotel Investors, Incis a real estate investment trust (NYSE:SHO).
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