Share on StockTwits

Sunstone Hotel Investors (NYSE:SHO) posted its quarterly earnings results on Thursday. The company reported $0.39 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.39, Analyst Ratings.Net reports. The company had revenue of $300.85 million for the quarter, compared to the consensus estimate of $285.39 million. During the same quarter last year, the company posted $0.30 earnings per share. Sunstone Hotel Investors’s revenue was up 28.2% compared to the same quarter last year. Sunstone Hotel Investors updated its Q3 guidance to $0.30-0.32 EPS and its FY14 guidance to $1.09-1.14 EPS.

A number of analysts have recently weighed in on SHO shares. Analysts at ISI Group initiated coverage on shares of Sunstone Hotel Investors in a research note on Wednesday, July 23rd. They set a “neutral” rating and a $14.50 price target on the stock. On the ratings front, analysts at Robert W. Baird downgraded shares of Sunstone Hotel Investors from an “outperform” rating to a “neutral” rating in a research note on Wednesday, July 23rd. They now have a $16.00 price target on the stock, up previously from $15.00. Finally, analysts at Wells Fargo & Co. downgraded shares of Sunstone Hotel Investors from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.60.

Shares of Sunstone Hotel Investors (NYSE:SHO) traded down 0.35% during mid-day trading on Thursday, hitting $14.18. 1,093,074 shares of the company’s stock traded hands. Sunstone Hotel Investors has a 52 week low of $11.86 and a 52 week high of $15.39. The stock has a 50-day moving average of $14.7 and a 200-day moving average of $14.06. The company has a market cap of $2.600 billion and a P/E ratio of 115.69.

Sunstone Hotel Investors, Inc, is a real estate investment trust (NYSE:SHO).

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.