Analysts Set Sunstone Hotel Investors, Inc. (NYSE:SHO) PT at $9.67

Sunstone Hotel Investors, Inc. (NYSE:SHO) has received an average recommendation of “Reduce” from the eight brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $9.67.

Several research analysts recently commented on the company. Compass Point reduced their price target on Sunstone Hotel Investors from $10.00 to $9.00 in a research report on Tuesday, August 8th. Barclays decreased their price objective on shares of Sunstone Hotel Investors from $10.00 to $9.00 and set an “underweight” rating for the company in a research report on Thursday, September 28th. StockNews.com cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday. Morgan Stanley reduced their price target on Sunstone Hotel Investors from $10.00 to $9.00 and set an “equal weight” rating for the company in a report on Friday, August 25th. Finally, Wolfe Research assumed coverage on Sunstone Hotel Investors in a research note on Wednesday, September 27th. They issued a “peer perform” rating on the stock.

Institutional Investors Weigh In On Sunstone Hotel Investors

Hedge funds have recently bought and sold shares of the stock. Great West Life Assurance Co. Can increased its stake in shares of Sunstone Hotel Investors by 0.5% during the first quarter. Great West Life Assurance Co. Can now owns 190,263 shares of the real estate investment trust’s stock worth $2,329,000 after purchasing an additional 1,015 shares during the period. US Bancorp DE increased its position in Sunstone Hotel Investors by 7.8% during the 1st quarter. US Bancorp DE now owns 15,152 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 1,092 shares during the period. Texas Permanent School Fund Corp increased its position in Sunstone Hotel Investors by 0.6% during the 2nd quarter. Texas Permanent School Fund Corp now owns 182,351 shares of the real estate investment trust’s stock worth $1,845,000 after buying an additional 1,147 shares during the period. Verdence Capital Advisors LLC lifted its holdings in shares of Sunstone Hotel Investors by 4.7% during the third quarter. Verdence Capital Advisors LLC now owns 26,216 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 1,167 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Sunstone Hotel Investors by 7.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 17,299 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 1,180 shares during the period.

Sunstone Hotel Investors Trading Up 0.7 %

Shares of NYSE:SHO opened at $9.93 on Friday. The company’s 50-day moving average price is $9.39 and its two-hundred day moving average price is $9.67. Sunstone Hotel Investors has a one year low of $8.60 and a one year high of $11.38. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.26 and a quick ratio of 5.26. The stock has a market capitalization of $2.04 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 4.00 and a beta of 1.22.

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 15 hotels comprised of 7,735 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 hotels considered to be Long-Term Relevant Real Estate.