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

Sunstone Hotel Investors (NYSE:SHO) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Several other research firms have also recently commented on SHO. Truist Financial boosted their price objective on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Compass Point upgraded shares of 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. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Sunstone Hotel Investors Stock Up 0.6 %

Shares of NYSE SHO opened at $10.36 on Wednesday. The firm’s 50-day moving average is $10.78 and its 200-day moving average is $10.53. The company has a current ratio of 7.03, a quick ratio of 7.03 and a debt-to-equity ratio of 0.43. Sunstone Hotel Investors has a 1 year low of $8.61 and a 1 year high of $11.59. The firm has a market capitalization of $2.11 billion, a PE ratio of 11.14, a price-to-earnings-growth ratio of 3.98 and a beta of 1.22.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.16 by $0.44. Sunstone Hotel Investors had a net margin of 20.95% and a return on equity of 11.32%. The firm had revenue of $219.20 million during the quarter, compared to the consensus estimate of $192.56 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. The business’s quarterly revenue was down 10.2% on a year-over-year basis. Equities analysts expect that Sunstone Hotel Investors will post 0.85 EPS for the current year.

Hedge Funds Weigh In On Sunstone Hotel Investors

Hedge funds have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Sunstone Hotel Investors during the 3rd quarter worth approximately $342,000. Raymond James & Associates grew its holdings in shares of Sunstone Hotel Investors by 9.3% during the 3rd quarter. Raymond James & Associates now owns 59,477 shares of the real estate investment trust’s stock valued at $556,000 after purchasing an additional 5,063 shares during the last quarter. Verdence Capital Advisors LLC increased its position in Sunstone Hotel Investors by 4.7% during the 3rd quarter. Verdence Capital Advisors LLC now owns 26,216 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 1,167 shares in the last quarter. Clearview Wealth Advisors LLC bought a new position in Sunstone Hotel Investors in the 3rd quarter valued at approximately $322,000. Finally, Panagora Asset Management Inc. boosted its position in Sunstone Hotel Investors by 19.0% in the third quarter. Panagora Asset Management Inc. now owns 1,072,133 shares of the real estate investment trust’s stock valued at $10,024,000 after buying an additional 171,238 shares in the last quarter. 99.37% of the stock is owned by institutional investors.

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.