Deutsche Bank set a $16.00 price target on Sunstone Hotel Investors (NYSE:SHO) in a research note published on Tuesday. The firm currently has a hold rating on the real estate investment trust’s stock.

Separately, Zacks Investment Research upgraded Sunstone Hotel Investors from a hold rating to a buy rating and set a $19.00 target price for the company in a research report on Saturday, July 21st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $16.83.

SHO stock traded down $0.14 during midday trading on Tuesday, hitting $15.04. 1,181,063 shares of the company’s stock were exchanged, compared to its average volume of 2,077,606. The company has a quick ratio of 5.61, a current ratio of 6.36 and a debt-to-equity ratio of 0.39. Sunstone Hotel Investors has a 12-month low of $13.67 and a 12-month high of $17.60. The company has a market capitalization of $3.48 billion, a PE ratio of 13.25, a P/E/G ratio of 2.89 and a beta of 1.09.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.10. Sunstone Hotel Investors had a return on equity of 7.84% and a net margin of 16.56%. The company had revenue of $289.30 million for the quarter, compared to the consensus estimate of $291.19 million. During the same period in the previous year, the business earned $0.31 EPS. Sunstone Hotel Investors’s revenue for the quarter was down 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Sunstone Hotel Investors will post 1.14 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Sunstone Hotel Investors by 2.4% in the 3rd quarter. BlackRock Inc. now owns 23,556,116 shares of the real estate investment trust’s stock worth $385,377,000 after acquiring an additional 549,531 shares in the last quarter. Principal Financial Group Inc. boosted its position in Sunstone Hotel Investors by 4.7% during the 1st quarter. Principal Financial Group Inc. now owns 11,633,078 shares of the real estate investment trust’s stock valued at $177,056,000 after purchasing an additional 518,514 shares during the period. Centersquare Investment Management LLC boosted its position in Sunstone Hotel Investors by 32.4% during the 2nd quarter. Centersquare Investment Management LLC now owns 8,004,741 shares of the real estate investment trust’s stock valued at $133,039,000 after purchasing an additional 1,957,744 shares during the period. JPMorgan Chase & Co. boosted its position in Sunstone Hotel Investors by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,075,684 shares of the real estate investment trust’s stock valued at $115,759,000 after purchasing an additional 54,790 shares during the period. Finally, Northern Trust Corp boosted its position in Sunstone Hotel Investors by 3.2% during the 2nd quarter. Northern Trust Corp now owns 6,208,413 shares of the real estate investment trust’s stock valued at $103,184,000 after purchasing an additional 194,425 shares during the period.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of July 30, 2018 has interests in 24 hotels comprised of 12,046 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

Read More: Analyzing a company’s cash flow statement

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

Receive News & Ratings for Sunstone Hotel Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunstone Hotel Investors and related companies with MarketBeat.com's FREE daily email newsletter.