Sunstone Hotel Investors (SHO) PT Set at $17.00 by Robert W. Baird

Sunstone Hotel Investors (NYSE:SHO) has been given a $17.00 target price by equities researchers at Robert W. Baird in a research note issued on Wednesday. The firm presently has a “hold” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential upside of 8.90% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on SHO. FBR & Co restated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Tuesday, October 31st. Boenning Scattergood reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. JPMorgan Chase & Co. lifted their target price on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Finally, B. Riley reiterated a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the company. Sunstone Hotel Investors has a consensus rating of “Hold” and an average price target of $16.06.

Sunstone Hotel Investors (SHO) traded down $0.16 on Wednesday, hitting $15.61. 1,039,295 shares of the stock were exchanged, compared to its average volume of 1,771,001. Sunstone Hotel Investors has a one year low of $14.15 and a one year high of $17.46. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40. The firm has a market cap of $3,560.08, a P/E ratio of 25.92, a P/E/G ratio of 2.63 and a beta of 1.05.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.19). Sunstone Hotel Investors had a net margin of 12.53% and a return on equity of 5.52%. The company had revenue of $290.19 million during the quarter, compared to analyst estimates of $284.59 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. equities analysts predict that Sunstone Hotel Investors will post 1.2 earnings per share for the current fiscal year.

In other Sunstone Hotel Investors news, CFO Bryan Albert Giglia sold 18,426 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $16.73, for a total transaction of $308,266.98. Following the completion of the transaction, the chief financial officer now owns 229,833 shares in the company, valued at approximately $3,845,106.09. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.84% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. raised its holdings in Sunstone Hotel Investors by 2.6% during the 4th quarter. BlackRock Inc. now owns 21,207,320 shares of the real estate investment trust’s stock worth $350,558,000 after purchasing an additional 544,188 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Sunstone Hotel Investors by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,046,576 shares of the real estate investment trust’s stock worth $232,190,000 after purchasing an additional 754,542 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Sunstone Hotel Investors by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock worth $206,238,000 after purchasing an additional 431,187 shares during the last quarter. State Street Corp increased its stake in shares of Sunstone Hotel Investors by 2.6% in the 2nd quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock valued at $140,687,000 after acquiring an additional 217,834 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Sunstone Hotel Investors by 9.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,531,026 shares of the real estate investment trust’s stock valued at $105,148,000 after acquiring an additional 554,518 shares in the last quarter.

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About Sunstone Hotel Investors

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

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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