Wells Fargo & Company Cuts Sunstone Hotel Investors (NYSE:SHO) Price Target to $12.00

Sunstone Hotel Investors (NYSE:SHO) had its target price cut by Wells Fargo & Company from $13.00 to $12.00 in a research report released on Tuesday morning,Benzinga reports. They currently have an equal weight rating on the real estate investment trust’s stock.

Other equities analysts have also recently issued reports about the stock. Jefferies Financial Group lifted their price objective on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Morgan Stanley reaffirmed an “underweight” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Sunstone Hotel Investors presently has a consensus rating of “Hold” and an average target price of $11.71.

Sunstone Hotel Investors Stock Performance

Shares of SHO opened at $11.32 on Tuesday. Sunstone Hotel Investors has a one year low of $9.39 and a one year high of $12.41. The company has a 50-day moving average of $11.67 and a two-hundred day moving average of $10.85. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 4.58 and a beta of 1.20.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several institutional investors and hedge funds have recently modified their holdings of the stock. GF Fund Management CO. LTD. purchased a new stake in shares of Sunstone Hotel Investors during the fourth quarter worth $42,000. Public Employees Retirement System of Ohio increased its position in Sunstone Hotel Investors by 3.1% in the 4th quarter. Public Employees Retirement System of Ohio now owns 628,941 shares of the real estate investment trust’s stock worth $7,447,000 after purchasing an additional 18,792 shares during the last quarter. Woodline Partners LP acquired a new position in Sunstone Hotel Investors in the 4th quarter worth about $17,309,000. Squarepoint Ops LLC raised its stake in shares of Sunstone Hotel Investors by 200.2% during the 4th quarter. Squarepoint Ops LLC now owns 127,195 shares of the real estate investment trust’s stock worth $1,506,000 after purchasing an additional 84,824 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sunstone Hotel Investors during the 4th quarter valued at about $33,000. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Company Profile

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.