Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Consensus Rating of “Hold” by Brokerages

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been assigned an average rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $9.3750.

Several brokerages have issued reports on SHO. Zacks Research downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, January 21st. Wall Street Zen downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Wells Fargo & Company upgraded Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $11.00 in a report on Monday, January 5th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Monday, January 12th.

Sunstone Hotel Investors Price Performance

NYSE SHO opened at $9.22 on Friday. Sunstone Hotel Investors has a 1 year low of $7.45 and a 1 year high of $11.51. The stock’s 50-day moving average price is $9.11 and its two-hundred day moving average price is $9.20. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.75 billion, a PE ratio of 11.18, a PEG ratio of 1.88 and a beta of 1.01.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Kestra Advisory Services LLC bought a new stake in shares of Sunstone Hotel Investors during the fourth quarter valued at approximately $26,000. Marshall Wace LLP acquired a new stake in shares of Sunstone Hotel Investors during the 4th quarter worth about $322,000. CANADA LIFE ASSURANCE Co raised its stake in shares of Sunstone Hotel Investors by 3.3% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 471,402 shares of the real estate investment trust’s stock valued at $4,210,000 after acquiring an additional 15,058 shares during the last quarter. Public Sector Pension Investment Board raised its position in Sunstone Hotel Investors by 28.2% in the 4th quarter. Public Sector Pension Investment Board now owns 949,930 shares of the real estate investment trust’s stock valued at $8,492,000 after purchasing an additional 208,969 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its holdings in shares of Sunstone Hotel Investors by 86.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 5,369,789 shares of the real estate investment trust’s stock valued at $48,006,000 after buying an additional 2,495,914 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.