Sunstone Hotel Investors (NYSE:SHO) Downgraded by StockNews.com

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) was downgraded by stock analysts at StockNews.com from a "hold" rating to a "sell" rating in a research note issued to investors on Wednesday.

Several other analysts also recently commented on the stock. Compass Point upgraded shares of Sunstone Hotel Investors from a "sell" rating to a "neutral" rating and raised their price objective for the company from $10.00 to $12.00 in a research report on Tuesday. Truist Financial raised their price target on Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a "hold" rating in a report on Thursday, March 14th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to data from MarketBeat.com, Sunstone Hotel Investors presently has a consensus rating of "Hold" and an average price target of $10.50.

Sunstone Hotel Investors Stock Performance

NYSE:SHO traded down $0.08 during mid-day trading on Wednesday, hitting $10.30. 1,818,699 shares of the company traded hands, compared to its average volume of 1,911,271. The company has a quick ratio of 7.03, a current ratio of 7.03 and a debt-to-equity ratio of 0.43. The stock's fifty day moving average price is $10.80 and its 200-day moving average price is $10.53. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 3.98 and a beta of 1.22. Sunstone Hotel Investors has a one year low of $8.61 and a one year high of $11.59.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.44. The company had revenue of $219.20 million during the quarter, compared to the consensus estimate of $192.56 million. Sunstone Hotel Investors had a return on equity of 11.32% and a net margin of 20.95%. The firm's revenue was down 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.26 EPS. Research analysts anticipate that Sunstone Hotel Investors will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its stake in 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 valued at $245,000 after buying an additional 1,167 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Sunstone Hotel Investors by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust's stock valued at $232,000 after purchasing an additional 1,215 shares in the last quarter. Diversified Trust Co increased its position in Sunstone Hotel Investors by 3.9% in the first quarter. Diversified Trust Co now owns 34,553 shares of the real estate investment trust's stock worth $385,000 after purchasing an additional 1,303 shares during the last quarter. Quadrant Capital Group LLC raised its stake in Sunstone Hotel Investors by 35.4% during 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 purchasing an additional 1,387 shares in the last quarter. Finally, Texas Permanent School Fund Corp lifted its position in Sunstone Hotel Investors by 0.9% during the third quarter. Texas Permanent School Fund Corp now owns 183,928 shares of the real estate investment trust's stock valued at $1,720,000 after purchasing an additional 1,577 shares during the last quarter. Hedge funds and other institutional investors own 99.37% of the company's stock.

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.

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