Sunstone Hotel Investors Inc (NYSE:SHO) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Saturday. The brokerage currently has a $18.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s target price points to a potential upside of 14.21% from the stock’s previous close.

According to Zacks, “Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies, such as Marriott, Hilton, InterContinental and Hyatt. “

A number of other brokerages also recently commented on SHO. Barclays PLC restated a “buy” rating and issued a $17.00 target price on shares of Sunstone Hotel Investors in a research note on Tuesday, February 14th. Goldman Sachs Group Inc started coverage on shares of Sunstone Hotel Investors in a research note on Monday, April 10th. They issued a “sell” rating and a $13.00 target price on the stock. Boenning Scattergood restated a “neutral” rating on shares of Sunstone Hotel Investors in a research note on Tuesday, April 18th. FBR & Co upped their target price on shares of Sunstone Hotel Investors from $15.00 to $16.00 and gave the stock a “mkt perform” rating in a research note on Thursday, May 4th. Finally, Bank of America Corp downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research note on Friday, March 3rd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $15.25.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

Shares of Sunstone Hotel Investors (NYSE:SHO) opened at 15.76 on Friday. The company has a 50 day moving average price of $15.46 and a 200 day moving average price of $15.02. The company has a market capitalization of $3.47 billion, a PE ratio of 19.06 and a beta of 1.11. Sunstone Hotel Investors has a 1-year low of $11.26 and a 1-year high of $16.15.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. Sunstone Hotel Investors had a net margin of 27.94% and a return on equity of 14.50%. The company had revenue of $280.74 million for the quarter, compared to analyst estimates of $271.02 million. Equities analysts predict that Sunstone Hotel Investors will post $0.62 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.27%. Sunstone Hotel Investors’s dividend payout ratio is presently 139.47%.

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Institutional investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. increased its position in Sunstone Hotel Investors by 140.3% in the third quarter. Daiwa Securities Group Inc. now owns 17,790,240 shares of the real estate investment trust’s stock worth $227,538,000 after buying an additional 10,386,700 shares in the last quarter. Assetmark Inc. increased its position in Sunstone Hotel Investors by 614.4% in the third quarter. Assetmark Inc. now owns 517,569 shares of the real estate investment trust’s stock worth $6,620,000 after buying an additional 445,122 shares in the last quarter. Morgan Stanley increased its position in Sunstone Hotel Investors by 33.7% in the third quarter. Morgan Stanley now owns 3,085,928 shares of the real estate investment trust’s stock worth $39,469,000 after buying an additional 778,505 shares in the last quarter. GRS Advisors LLC increased its position in Sunstone Hotel Investors by 2.9% in the third quarter. GRS Advisors LLC now owns 903,381 shares of the real estate investment trust’s stock worth $11,554,000 after buying an additional 25,681 shares in the last quarter. Finally, Mizuho Asset Management Co. Ltd. increased its position in Sunstone Hotel Investors by 12.7% in the third quarter. Mizuho Asset Management Co. Ltd. now owns 114,234 shares of the real estate investment trust’s stock worth $1,461,000 after buying an additional 12,900 shares in the last quarter.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

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