Sunstone Hotel Investors Upgraded by Ned Davis Research to “Neutral” (SHO)
Sunstone Hotel Investors (NYSE:SHO) was upgraded by Ned Davis Research from a “sell” rating to a “neutral” rating in a research note issued on Tuesday, Stock Ratings Network reports.
Sunstone Hotel Investors (NYSE:SHO) traded up 0.22% during mid-day trading on Tuesday, hitting $13.41. The stock had a trading volume of 379,136 shares. Sunstone Hotel Investors has a 52 week low of $11.04 and a 52 week high of $14.10. The stock has a 50-day moving average of $13.17 and a 200-day moving average of $13.00. The company has a market cap of $2.452 billion and a price-to-earnings ratio of 42.48.
Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Tuesday, November 12th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $250.40 million for the quarter, compared to the consensus estimate of $244.21 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was up 22.1% on a year-over-year basis. On average, analysts predict that Sunstone Hotel Investors will post $0.93 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at ISI Group upgraded shares of Sunstone Hotel Investors from a “neutral” rating to a “buy” rating in a research note to investors on Monday, January 6th. Separately, analysts at Raymond James upgraded shares of Sunstone Hotel Investors from a “market perform” rating to an “outperform” rating in a research note to investors on Wednesday, December 4th. They now have a $14.50 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Sunstone Hotel Investors from $12.00 to $13.00 in a research note to investors on Thursday, November 14th. They now have an “equal weight” rating on the stock. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $14.07.
Sunstone Hotel Investors, Incis a real estate investment trust (NYSE:SHO).
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