Sunstone Hotel Investors Inc. (SHO) Given Average Rating of “Buy” by Brokerages
Shares of Sunstone Hotel Investors Inc. (NYSE:SHO) have earned a consensus recommendation of “Buy” from the sixteen research firms that are presently covering the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $14.05.
Several research analysts recently weighed in on SHO shares. TheStreet raised Sunstone Hotel Investors from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. FBR & Co set a $16.00 target price on Sunstone Hotel Investors and gave the stock a “buy” rating in a research report on Thursday, August 11th. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, August 12th. Canaccord Genuity reaffirmed a “buy” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, August 16th. Finally, Citigroup Inc. increased their target price on Sunstone Hotel Investors from $13.50 to $14.00 and gave the stock a “neutral” rating in a research report on Monday, August 22nd.
Sunstone Hotel Investors (NYSE:SHO) opened at 13.56 on Tuesday. Sunstone Hotel Investors has a 1-year low of $9.53 and a 1-year high of $14.82. The company’s 50-day moving average price is $12.80 and its 200 day moving average price is $12.75. The firm has a market capitalization of $2.94 billion, a PE ratio of 9.05 and a beta of 1.08.
Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Tuesday, November 1st. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.01. The business had revenue of $303.30 million for the quarter, compared to analyst estimates of $306.82 million. Sunstone Hotel Investors had a return on equity of 14.50% and a net margin of 27.94%. The business’s quarterly revenue was down 6.6% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. On average, equities analysts anticipate that Sunstone Hotel Investors will post $1.18 EPS for the current year.
In related news, COO Marc Andrew Hoffman sold 10,000 shares of Sunstone Hotel Investors stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $13.92, for a total value of $139,200.00. Following the completion of the transaction, the chief operating officer now directly owns 236,709 shares in the company, valued at $3,294,989.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. BNP Paribas Arbitrage SA increased its position in Sunstone Hotel Investors by 6,324.8% in the second quarter. BNP Paribas Arbitrage SA now owns 10,087 shares of the company’s stock worth $122,000 after buying an additional 9,930 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sunstone Hotel Investors by 7.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,331 shares of the company’s stock worth $125,000 after buying an additional 732 shares during the period. Stevens Capital Management LP purchased a new position in Sunstone Hotel Investors during the third quarter worth approximately $131,000. Cubist Systematic Strategies LLC purchased a new position in Sunstone Hotel Investors during the second quarter worth approximately $139,000. Finally, Nuveen Fund Advisors LLC purchased a new position in Sunstone Hotel Investors during the second quarter worth approximately $155,000.
Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc is a self-managed and self-administered real estate investment trust (REIT). The Company’s business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company operates through hotel ownership segment.
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