StockNews.com Lowers Sunstone Hotel Investors (NYSE:SHO) to Sell

StockNews.com lowered shares of Sunstone Hotel Investors (NYSE:SHO) from a hold rating to a sell rating in a research note issued to investors on Thursday.

A number of other research analysts have also recently commented on the company. Robert W. Baird upgraded Sunstone Hotel Investors from a neutral rating to an outperform rating and boosted their price objective for the stock from $11.00 to $12.00 in a research note on Tuesday, May 28th. Truist Financial reduced their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set a hold rating on the stock in a research note on Thursday, May 30th. Baird R W upgraded Sunstone Hotel Investors to a strong-buy rating in a research note on Tuesday, May 28th. Compass Point upgraded Sunstone Hotel Investors from a sell rating to a neutral rating and boosted their price objective for the stock from $10.00 to $12.00 in a research note on Tuesday, May 7th. Finally, Wolfe Research upgraded Sunstone Hotel Investors from a peer perform rating to an outperform rating and set a $12.00 price objective on the stock in a research note on Wednesday, July 10th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $10.75.

Sunstone Hotel Investors Price Performance

Shares of Sunstone Hotel Investors stock opened at $9.93 on Thursday. Sunstone Hotel Investors has a twelve month low of $8.61 and a twelve month high of $11.59. The stock has a market capitalization of $2.02 billion, a P/E ratio of 11.03, a PEG ratio of 4.78 and a beta of 1.24. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $10.26 and its 200 day moving average price is $10.57.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). Sunstone Hotel Investors had a net margin of 20.69% and a return on equity of 10.75%. The firm had revenue of $217.17 million during the quarter, compared to analyst estimates of $212.00 million. As a group, research analysts anticipate that Sunstone Hotel Investors will post 0.9 earnings per share for the current year.

Institutional Trading of Sunstone Hotel Investors

Hedge funds and other institutional investors have recently bought and sold shares of the company. EntryPoint Capital LLC bought a new stake in Sunstone Hotel Investors in the first quarter valued at about $30,000. Plato Investment Management Ltd bought a new stake in Sunstone Hotel Investors in the first quarter valued at about $49,000. 1620 Investment Advisors Inc. bought a new stake in Sunstone Hotel Investors in the second quarter valued at about $52,000. Quadrant Capital Group LLC increased its holdings in Sunstone Hotel Investors by 35.4% in the fourth quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 1,387 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Sunstone Hotel Investors by 342.9% in the second quarter. Blue Trust Inc. now owns 7,406 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 5,734 shares during the last quarter. 99.37% of the stock is owned by institutional investors.

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.