Sunstone Hotel Investors (NYSE:SHO) Stock Rating Upgraded by Wall Street Zen

Sunstone Hotel Investors (NYSE:SHO) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

A number of other analysts also recently issued reports on SHO. Truist Financial cut their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, September 3rd. Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Friday. Wells Fargo & Company raised Sunstone Hotel Investors to a “hold” rating in a research report on Friday, October 3rd. Finally, Evercore ISI raised their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Two investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $8.93.

Sunstone Hotel Investors Price Performance

Sunstone Hotel Investors stock opened at $9.12 on Friday. Sunstone Hotel Investors has a 12-month low of $7.45 and a 12-month high of $12.41. The stock has a market cap of $1.73 billion, a P/E ratio of 455.98, a PEG ratio of 5.33 and a beta of 1.29. The company has a 50-day moving average price of $9.38 and a 200 day moving average price of $8.95. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.51.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $259.77 million during the quarter, compared to analysts’ expectations of $256.68 million. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. Sunstone Hotel Investors’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $0.28 earnings per share. Sell-side analysts anticipate that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC boosted its stake in shares of Sunstone Hotel Investors by 47.7% in the first quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,560 shares during the period. Nuveen LLC purchased a new position in shares of Sunstone Hotel Investors in the 1st quarter valued at about $10,858,000. Amundi boosted its stake in shares of Sunstone Hotel Investors by 27.0% in the 1st quarter. Amundi now owns 1,040,883 shares of the real estate investment trust’s stock valued at $8,983,000 after buying an additional 221,367 shares during the period. Millennium Management LLC boosted its stake in shares of Sunstone Hotel Investors by 14.4% in the 1st quarter. Millennium Management LLC now owns 2,392,774 shares of the real estate investment trust’s stock valued at $22,516,000 after buying an additional 300,965 shares during the period. Finally, Northern Trust Corp boosted its stake in shares of Sunstone Hotel Investors by 0.7% in the 1st quarter. Northern Trust Corp now owns 3,180,251 shares of the real estate investment trust’s stock valued at $29,926,000 after buying an additional 20,843 shares during the period. Hedge funds and other 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.