Sunstone Hotel Investors (NYSE:SHO) Downgraded by Evercore to "Hold"

Key Points

• Evercore downgraded Sunstone Hotel Investors from “strong buy” to “hold,” bringing the analyst consensus to “hold.” The average price target is $11.43, despite ratings ranging from strong buy to sell.
• Sunstone shares opened at $12.62, near their 12-month high of $12.78, and are trading above both their 50-day and 200-day moving averages.
• The company exceeded quarterly expectations, reporting $0.14 EPS versus the $0.08 consensus and revenue of $277.11 million. Institutional investors own 99.37% of the stock, with Bank of America recently acquiring a stake valued at approximately $71.1 million.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) was downgraded by equities researchers at Evercore from a "strong-buy" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

Other equities research analysts have also issued research reports about the stock. Truist Financial upped their target price on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock a "hold" rating in a report on Thursday, September 10th. Wells Fargo & Company raised shares of Sunstone Hotel Investors to a "strong-buy" rating in a research report on Thursday, July 23rd. Wall Street Zen downgraded Sunstone Hotel Investors from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Weiss Ratings upgraded Sunstone Hotel Investors from a "hold (c)" rating to a "buy (b-)" rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. boosted their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an "underweight" rating in a report on Wednesday, October 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $11.43.

Sunstone Hotel Investors Stock Performance

NYSE SHO opened at $12.62 on Monday. The company has a fifty day simple moving average of $11.36 and a 200 day simple moving average of $10.48. Sunstone Hotel Investors has a 12-month low of $8.69 and a 12-month high of $12.78. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 0.59. The company has a market cap of $2.35 billion, a P/E ratio of 57.39, a PEG ratio of 2.94 and a beta of 1.00.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.08 by $0.06. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. The business had revenue of $277.11 million during the quarter, compared to analyst estimates of $266.67 million. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. Sell-side analysts predict that Sunstone Hotel Investors will post 0.98 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Bank of America Corp DE purchased a new stake in Sunstone Hotel Investors in the 2nd quarter valued at about $71,074,000. Readystate Asset Management LP bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $1,337,000. Jupiter Topco LLC bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $1,067,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $1,822,000. Finally, Canada Pension Plan Investment Board bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $1,112,000. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc NYSE: SHO is a real estate investment trust that owns and manages hotels in the United States. The company focuses primarily on upscale and upper-upscale properties located in major business, convention, and leisure destinations.

Sunstone's portfolio includes full-service hotels operated under well-known hospitality brands as well as independent properties. Its hotels provide accommodations, restaurants and bars, meeting and event facilities, fitness amenities, and other services designed for business and leisure travelers.

The company has historically pursued ownership of institutional-quality lodging assets in markets with strong travel demand, including coastal gateway cities and popular resort and urban destinations.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.