Sunstone Hotel Investors (NYSE:SHO) Receives Hold (C-) Rating from Weiss Ratings

Key Points

• Sunstone Hotel Investors' stock has received a "hold (C-)" rating from Weiss Ratings, indicating analysts are cautious about its performance.
• Analyst sentiment is mixed, with two analysts rating the stock as Buy, four as Hold, and two as Sell, contributing to a consensus "Hold" rating and an average target price of $8.93.
• The company's performance showed positive earnings with $0.28 EPS exceeding estimates, and revenue up 5% year-over-year, highlighting potential growth despite mixed analyst opinions.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report)'s stock had its "hold (c-)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other analysts have also recently weighed in on the stock. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a "hold" rating in a report on Friday, October 3rd. Wall Street Zen cut shares of Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a report on Friday, September 5th. Evercore ISI lifted their price target on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Truist Financial cut their price target on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set a "hold" rating on the stock in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sunstone Hotel Investors in a report on Monday, June 23rd. They issued an "underweight" rating and a $8.00 price target on the stock. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $8.93.

Sunstone Hotel Investors Trading Down 0.1%

Shares of NYSE SHO traded down $0.01 during mid-day trading on Wednesday, hitting $9.11. The stock had a trading volume of 1,097,919 shares, compared to its average volume of 2,362,581. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.73 and a current ratio of 2.73. Sunstone Hotel Investors has a 1 year low of $7.45 and a 1 year high of $12.41. The business has a 50 day moving average price of $9.30 and a two-hundred day moving average price of $8.94. The firm has a market cap of $1.73 billion, a P/E ratio of 455.73, a price-to-earnings-growth ratio of 3.34 and a beta of 1.29.

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 for the quarter, compared to the consensus estimate of $256.68 million. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.28 earnings per share. On average, equities analysts anticipate that Sunstone Hotel Investors will post 0.79 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunstone Hotel Investors

Large investors have recently modified their holdings of the stock. Hantz Financial Services Inc. raised its position in shares of Sunstone Hotel Investors by 951.7% in the 2nd quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 2,722 shares during the last quarter. Assetmark Inc. raised its position in shares of Sunstone Hotel Investors by 210.4% in the 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 2,464 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Sunstone Hotel Investors by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 1,560 shares during the last quarter. Smartleaf Asset Management LLC raised its position in shares of Sunstone Hotel Investors by 62.7% in the 1st quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 1,881 shares during the last quarter. Finally, Blue Trust Inc. raised its position in shares of Sunstone Hotel Investors by 46.8% in the 2nd quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust's stock worth $57,000 after purchasing an additional 2,087 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.