Sunstone Hotel Investors (NYSE:SHO) Now Covered by JPMorgan Chase & Co.

Investment analysts at JPMorgan Chase & Co. initiated coverage on shares of Sunstone Hotel Investors (NYSE:SHO - Get Free Report) in a note issued to investors on Monday, MarketBeat.com reports. The firm set an "underweight" rating and a $8.00 price target on the real estate investment trust's stock. JPMorgan Chase & Co.'s target price points to a potential downside of 9.84% from the stock's current price.

A number of other equities research analysts have also weighed in on SHO. Jefferies Financial Group cut their price objective on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Morgan Stanley reduced their price target on shares of Sunstone Hotel Investors from $9.00 to $7.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Evercore ISI upgraded shares of Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 target price on the stock in a report on Friday, May 16th. Truist Financial lowered their price target on Sunstone Hotel Investors from $12.00 to $11.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Finally, Bank of America upgraded Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price objective for the company in a research report on Wednesday, April 30th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Sunstone Hotel Investors currently has a consensus rating of "Hold" and a consensus target price of $9.75.

Sunstone Hotel Investors Price Performance

Sunstone Hotel Investors stock traded up $0.24 during midday trading on Monday, hitting $8.87. 3,922,405 shares of the company's stock were exchanged, compared to its average volume of 2,539,488. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.89 and a current ratio of 2.89. Sunstone Hotel Investors has a 52-week low of $7.45 and a 52-week high of $12.41. The company has a market cap of $1.76 billion, a P/E ratio of 88.73, a PEG ratio of 2.17 and a beta of 1.27. The stock has a 50-day moving average price of $8.66 and a two-hundred day moving average price of $10.00.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $234.07 million during the quarter, compared to analyst estimates of $243.34 million. Sunstone Hotel Investors had a return on equity of 1.93% and a net margin of 3.85%. The company's revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, equities research analysts forecast that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Hedge Funds Weigh In On Sunstone Hotel Investors

A number of hedge funds and other institutional investors have recently modified their holdings of SHO. Nissay Asset Management Corp Japan ADV lifted its stake in Sunstone Hotel Investors by 3.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 33,889 shares of the real estate investment trust's stock worth $406,000 after purchasing an additional 1,258 shares in the last quarter. AQR Capital Management LLC boosted its stake in Sunstone Hotel Investors by 1.6% during the first quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust's stock valued at $789,000 after buying an additional 1,307 shares during the last quarter. Xponance Inc. grew its holdings in Sunstone Hotel Investors by 10.9% during the 4th quarter. Xponance Inc. now owns 14,709 shares of the real estate investment trust's stock valued at $174,000 after buying an additional 1,441 shares in the last quarter. GAMMA Investing LLC grew its holdings in Sunstone Hotel Investors by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 1,560 shares in the last quarter. Finally, Aberdeen Group plc increased its stake in Sunstone Hotel Investors by 2.3% in the 1st quarter. Aberdeen Group plc now owns 73,502 shares of the real estate investment trust's stock worth $692,000 after acquiring an additional 1,669 shares during the last quarter. Institutional investors own 99.37% of the company's stock.

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.