Boenning Scattergood reaffirmed their hold rating on shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in a report published on Wednesday, November 1st. Boenning Scattergood also issued estimates for Sunstone Hotel Investors’ Q4 2017 earnings at $0.25 EPS, FY2017 earnings at $1.19 EPS and Q4 2018 earnings at $0.27 EPS.
A number of other research analysts have also issued reports on SHO. BidaskClub lowered Sunstone Hotel Investors from a buy rating to a hold rating in a research report on Monday, July 24th. Canaccord Genuity raised their price objective on Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a buy rating in a report on Thursday, August 3rd. Zacks Investment Research lowered Sunstone Hotel Investors from a buy rating to a hold rating in a report on Tuesday, August 8th. Robert W. Baird restated a hold rating and issued a $17.00 price objective on shares of Sunstone Hotel Investors in a report on Thursday, September 21st. Finally, FBR & Co restated a hold rating on shares of Sunstone Hotel Investors in a report on Tuesday, October 31st. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus target price of $15.89.
Sunstone Hotel Investors (NYSE SHO) traded down $0.02 during trading on Wednesday, reaching $16.52. The company’s stock had a trading volume of 807,300 shares, compared to its average volume of 1,954,009. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors has a 1-year low of $13.47 and a 1-year high of $17.15. The stock has a market cap of $3,726.82, a price-to-earnings ratio of 13.56, a PEG ratio of 2.77 and a beta of 1.11.
Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.18. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The firm had revenue of $303.91 million for the quarter, compared to analyst estimates of $299.90 million. During the same quarter last year, the firm posted $0.33 EPS. The business’s revenue was up .2% on a year-over-year basis. sell-side analysts forecast that Sunstone Hotel Investors will post 1.2 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in Sunstone Hotel Investors by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock valued at $607,999,000 after acquiring an additional 1,619,745 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Sunstone Hotel Investors by 1.3% in the 2nd quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock valued at $319,172,000 after buying an additional 255,552 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Sunstone Hotel Investors by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock valued at $206,238,000 after buying an additional 431,187 shares during the period. State Street Corp boosted its stake in shares of Sunstone Hotel Investors by 2.6% in the 2nd quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock valued at $140,687,000 after buying an additional 217,834 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Sunstone Hotel Investors by 9.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,531,026 shares of the real estate investment trust’s stock valued at $105,148,000 after buying an additional 554,518 shares during the period.
Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.
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