Sunstone Hotel Investors, Inc. (NYSE:SHO) has been assigned a $17.00 price target by research analysts at Robert W. Baird in a research note issued to investors on Monday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective suggests a potential upside of 3.22% from the stock’s current price.

Other equities analysts have also issued reports about the stock. BidaskClub downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Canaccord Genuity raised their target price on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $16.13.

Sunstone Hotel Investors (SHO) traded up 1.23% on Monday, hitting $16.47. The company’s stock had a trading volume of 1,371,423 shares. The firm has a 50 day moving average of $16.11 and a 200-day moving average of $15.91. The stock has a market cap of $3.71 billion, a PE ratio of 21.36 and a beta of 1.17. Sunstone Hotel Investors has a 12 month low of $12.14 and a 12 month high of $17.15.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The company had revenue of $318.80 million for the quarter, compared to analyst estimates of $316.96 million. During the same period in the prior year, the company posted $0.39 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, analysts expect that Sunstone Hotel Investors will post $0.69 earnings per share for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Profund Advisors LLC increased its holdings in Sunstone Hotel Investors by 1.6% in the second quarter. Profund Advisors LLC now owns 16,650 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 257 shares in the last quarter. Utah Retirement Systems increased its stake in shares of Sunstone Hotel Investors by 3.1% during the second quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 400 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Sunstone Hotel Investors by 6.0% during the first quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 449 shares in the last quarter. Thrivent Financial For Lutherans increased its stake in shares of Sunstone Hotel Investors by 0.4% during the first quarter. Thrivent Financial For Lutherans now owns 115,787 shares of the real estate investment trust’s stock worth $1,775,000 after purchasing an additional 500 shares in the last quarter. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Sunstone Hotel Investors by 3.2% during the second quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 609 shares in the last quarter.

About Sunstone Hotel Investors

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.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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