Sunstone Hotel Investors (NYSE:SHO) Rating Increased to Hold at Wall Street Zen

Key Points

• Sunstone Hotel Investors has been upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a shift in analyst sentiment towards the company's performance.
• The stock currently has a consensus price target of $8.93 and a market cap of $1.73 billion.
• Sunstone recently reported an EPS of $0.28, exceeding the consensus estimate, while revenue increased by 5.0% year-over-year.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a report issued on Saturday.

SHO has been the subject of several other research reports. Weiss Ratings reiterated a "hold (c-)" rating on shares of Sunstone Hotel Investors in a research report on Friday. Wells Fargo & Company upgraded Sunstone Hotel Investors to a "hold" rating in a research report on Friday, October 3rd. Truist Financial decreased their target price on Sunstone Hotel Investors from $11.00 to $10.00 and set a "hold" rating for the company in a research report on Wednesday, September 3rd. Finally, Evercore ISI raised their price target on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Two research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.93.

Sunstone Hotel Investors Price Performance

Shares of SHO opened at $9.12 on Friday. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 455.98, a PEG ratio of 5.35 and a beta of 1.29. The stock has a 50 day moving average of $9.38 and a 200-day moving average of $8.94. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.51. Sunstone Hotel Investors has a 52 week low of $7.45 and a 52 week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. The company had revenue of $259.77 million during the quarter, compared to analyst estimates of $256.68 million. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%.The business's revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. As a group, analysts forecast that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Institutional Trading of Sunstone Hotel Investors

Several hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake 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 acquiring an additional 1,560 shares in the last quarter. Nuveen LLC bought a new stake in Sunstone Hotel Investors during the 1st quarter valued at $10,858,000. Amundi raised its stake in Sunstone Hotel Investors by 27.0% during the 1st quarter. Amundi now owns 1,040,883 shares of the real estate investment trust's stock valued at $8,983,000 after acquiring an additional 221,367 shares in the last quarter. Millennium Management LLC raised its stake in Sunstone Hotel Investors by 14.4% during the 1st quarter. Millennium Management LLC now owns 2,392,774 shares of the real estate investment trust's stock valued at $22,516,000 after acquiring an additional 300,965 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Sunstone Hotel Investors by 0.7% during the 1st quarter. Northern Trust Corp now owns 3,180,251 shares of the real estate investment trust's stock valued at $29,926,000 after acquiring an additional 20,843 shares in the last quarter. 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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