Sunstone Hotel Investors (NYSE: SHO) raised to “C” at TheStreet

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Sunstone Hotel Investors (NYSE: SHO) was upgraded by equity researchers at TheStreet from a “d +” rating to a “c” rating in a research report released on Tuesday, The street odds table reports.

SHO has been the subject of several other reports. Wells Fargo & Company raised its price target for Sunstone Hotel Investors stock from $ 11.50 to $ 13.00 and gave the company an “equal weight” rating in a research report released on Monday, October 18 . Citigroup lowered its price target on Sunstone Hotel Investors stock from $ 14.00 to $ 13.00 and set a “neutral” rating for the company in a research report released on Wednesday, October 6. Zacks investment research Upgraded Sunstone Hotel Investors shares from a “hold” rating to a “buy” rating and set a price target of $ 14.00 for the company in a research report released on Friday, October 22. Truist downgraded Sunstone Hotel Investors shares from a “sell” rating to a “keep” rating and set a price target of $ 11.00 for the company in a research report released on Tuesday August 17th. . Finally, Truist Securities lifted shares of Sunstone Hotel Investors from a “sell” rating to a “custody” rating and set a price target of $ 11.00 for the company in a research report released on Tuesday. August 17. Six research analysts rated the stock with a conservation rating and one assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average “Hold” rating and a consensus target price of $ 12.22.

(A d)

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SHO stock opened at $ 12.61 on Tuesday. The company has a market cap of $ 2.76 billion, a price-to-earnings ratio of -17.04 and a beta of 1.29. The company has a 50-day simple moving average of $ 12.29 and a 200-day simple moving average of $ 12.21. Sunstone Hotel Investors has a one-year low of $ 9.37 and a one-year high of $ 13.91. The company has a debt to equity ratio of 0.37, a quick ratio of 1.28, and a current ratio of 1.28.

Sunstone Hotel Investors (NYSE: SHO) last reported its quarterly results on Thursday, November 4. The REIT reported ($ 0.13) EPS for the quarter, missing the Thomson Reuters consensus estimate of $ 0.08 of ($ 0.21). The company posted revenue of $ 167.42 million in the quarter, compared to analysts’ expectations of $ 158.88 million. Sunstone Hotel Investors had a negative net margin of 38.03% and a negative return on equity of 7.65%. The company’s revenue for the quarter increased 479.1% from the same quarter last year. During the same period of the previous year, the company made earnings per share ($ 0.26). As a group, stock analysts predict Sunstone Hotel Investors will post 0.05 earnings per share for the current fiscal year.

Institutional investors and hedge funds recently bought and sold shares in the company. Nissay Asset Management Corp Japan ADV increased its stake in Sunstone Hotel Investors shares by 10.5% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 22,452 shares of the REIT valued at $ 268,000 after purchasing an additional 2,141 shares during the period. US Bancorp DE increased its stake in shares of Sunstone Hotel Investors by 583.7% during the 3rd quarter. US Bancorp DE now owns 9,839 real estate investment trust shares worth $ 118,000 after purchasing an additional 8,400 shares during the period. William Blair Investment Management LLC increased its stake in shares of Sunstone Hotel Investors by 125.4% during the 3rd quarter. William Blair Investment Management LLC now owns 2,784,278 Real Estate Investment Trust shares worth $ 33,244,000 after purchasing an additional 1,548,813 shares during the period. AGF Investments Inc. acquired a new equity interest in Sunstone Hotel Investors during the third quarter for a value of approximately $ 701,000. Finally, Allianz Asset Management GmbH increased its stake in the shares of Sunstone Hotel Investors by 56.8% during the 3rd quarter. Allianz Asset Management GmbH now owns 634,476 shares of the REIT valued at $ 7,576,000 after purchasing an additional 229,844 shares during the period. 97.99% of the shares are held by institutional investors.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a real estate investment trust engaged in the acquisition, ownership, asset management and renovation of hotels and resorts. It operates under the following brands: Marriott, Hilton and Hyatt. The company was founded by Robert A. Alter in 1995 and is headquartered in Irvine, California.

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Sunstone Hotel Investor Recommendations from Analysts (NYSE: SHO)

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