Sunstone Hotel Investors (NYSE:SHO) Rating Increased to Neutral at Compass Point

Sunstone Hotel Investors (NYSE:SHO) was upgraded by equities research analysts at Compass Point from a “sell” rating to a “neutral” rating in a note issued to investors on Tuesday, Marketbeat.com reports. The firm presently has a $12.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $10.00. Compass Point’s target price would suggest a potential upside of 16.50% from the stock’s current price.

A number of other research firms have also recently issued reports on SHO. Truist Financial raised their target price on Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. StockNews.com upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Three analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. According to data from MarketBeat, Sunstone Hotel Investors presently has a consensus rating of “Hold” and an average target price of $10.50.

Sunstone Hotel Investors Stock Down 0.8 %

SHO stock opened at $10.30 on Tuesday. The firm has a fifty day moving average price of $10.80 and a two-hundred day moving average price of $10.53. The company has a debt-to-equity ratio of 0.43, a current ratio of 7.03 and a quick ratio of 7.03. Sunstone Hotel Investors has a 1-year low of $8.61 and a 1-year high of $11.59. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 3.98 and a beta of 1.22.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.44. Sunstone Hotel Investors had a net margin of 20.95% and a return on equity of 11.32%. The business had revenue of $219.20 million during the quarter, compared to the consensus estimate of $192.56 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. Research analysts predict that Sunstone Hotel Investors will post 0.85 EPS for the current year.

Institutional Investors Weigh In On Sunstone Hotel Investors

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SHO. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Sunstone Hotel Investors in the 3rd quarter worth $342,000. Raymond James & Associates grew its holdings in Sunstone Hotel Investors by 9.3% during the third quarter. Raymond James & Associates now owns 59,477 shares of the real estate investment trust’s stock worth $556,000 after acquiring an additional 5,063 shares during the period. Verdence Capital Advisors LLC grew its holdings in Sunstone Hotel Investors by 4.7% during the third quarter. Verdence Capital Advisors LLC now owns 26,216 shares of the real estate investment trust’s stock worth $245,000 after acquiring an additional 1,167 shares during the period. Clearview Wealth Advisors LLC acquired a new position in Sunstone Hotel Investors during the third quarter worth about $322,000. Finally, Panagora Asset Management Inc. grew its holdings in Sunstone Hotel Investors by 19.0% during the third quarter. Panagora Asset Management Inc. now owns 1,072,133 shares of the real estate investment trust’s stock worth $10,024,000 after acquiring an additional 171,238 shares during the period. Institutional investors own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.