Brokerages Set Sunstone Hotel Investors, Inc. (NYSE:SHO) Price Target at $11.86

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) have been given an average rating of “Hold” by the eight analysts that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $11.86.

SHO has been the subject of several research analyst reports. Jefferies Financial Group lifted their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Morgan Stanley restated an “underweight” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Finally, Wells Fargo & Company lifted their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Monday, December 9th.

Institutional Investors Weigh In On Sunstone Hotel Investors

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Sunstone Hotel Investors by 645.6% in the fourth quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust’s stock valued at $98,929,000 after buying an additional 7,234,862 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sunstone Hotel Investors by 2.1% in the third quarter. Geode Capital Management LLC now owns 5,247,927 shares of the real estate investment trust’s stock valued at $54,169,000 after buying an additional 109,327 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Sunstone Hotel Investors by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock valued at $49,284,000 after purchasing an additional 1,130,558 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Sunstone Hotel Investors by 22.2% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust’s stock valued at $55,488,000 after acquiring an additional 851,104 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Sunstone Hotel Investors by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,156,930 shares of the real estate investment trust’s stock valued at $49,218,000 after buying an additional 74,952 shares during the period. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Down 0.5 %

Shares of SHO opened at $11.30 on Tuesday. The firm has a market capitalization of $2.27 billion, a P/E ratio of 14.86, a P/E/G ratio of 3.78 and a beta of 1.20. Sunstone Hotel Investors has a 52 week low of $9.39 and a 52 week high of $12.41. The company has a 50-day simple moving average of $11.80 and a 200-day simple moving average of $10.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $226.40 million during the quarter, compared to analyst estimates of $224.61 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The company’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 earnings per share. On average, equities research analysts expect that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

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.