Sunstone Hotel Investors (NYSE:SHO) was upgraded by analysts at Boenning Scattergood from a “neutral” rating to an “outperform” rating in a research note issued to investors on Wednesday, MarketBeat reports.
SHO has been the subject of a number of other reports. B. Riley set a $16.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a report on Monday, February 12th. Wells Fargo & Co reissued a “market perform” rating and issued a $17.50 target price on shares of Sunstone Hotel Investors in a report on Tuesday, December 19th. Robert W. Baird set a $17.00 price target on Sunstone Hotel Investors and gave the company a “hold” rating in a report on Wednesday, February 14th. FBR & Co reaffirmed a “hold” rating on shares of Sunstone Hotel Investors in a report on Tuesday, October 31st. Finally, Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Four investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $15.94.
Sunstone Hotel Investors (NYSE SHO) opened at $14.92 on Wednesday. Sunstone Hotel Investors has a twelve month low of $14.15 and a twelve month high of $17.46. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3,440.66, a P/E ratio of 24.87, a PEG ratio of 2.73 and a beta of 1.05.
Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a return on equity of 5.56% and a net margin of 12.53%. The company had revenue of $290.19 million during the quarter, compared to analyst estimates of $284.59 million. During the same period in the previous year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up .2% on a year-over-year basis. research analysts predict that Sunstone Hotel Investors will post 1.12 earnings per share for the current year.
In related news, CFO Bryan Albert Giglia sold 18,426 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction of $308,266.98. Following the completion of the sale, the chief financial officer now directly owns 229,833 shares of the company’s stock, valued at approximately $3,845,106.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its position in Sunstone Hotel Investors by 3.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 609 shares during the last quarter. California Public Employees Retirement System boosted its position in Sunstone Hotel Investors by 6.6% in the 3rd quarter. California Public Employees Retirement System now owns 648,218 shares of the real estate investment trust’s stock valued at $10,417,000 after buying an additional 40,279 shares during the last quarter. Prudential Financial Inc. boosted its position in Sunstone Hotel Investors by 6.1% in the 3rd quarter. Prudential Financial Inc. now owns 2,496,710 shares of the real estate investment trust’s stock valued at $40,122,000 after buying an additional 143,639 shares during the last quarter. ClariVest Asset Management LLC boosted its position in Sunstone Hotel Investors by 3.4% in the 3rd quarter. ClariVest Asset Management LLC now owns 196,500 shares of the real estate investment trust’s stock valued at $3,158,000 after buying an additional 6,500 shares during the last quarter. Finally, Nationwide Fund Advisors boosted its position in Sunstone Hotel Investors by 22.8% in the 3rd quarter. Nationwide Fund Advisors now owns 464,047 shares of the real estate investment trust’s stock valued at $7,457,000 after buying an additional 86,234 shares during the last quarter.
WARNING: This piece was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.dispatchtribunal.com/2018/02/23/sunstone-hotel-investors-sho-upgraded-to-outperform-at-boenning-scattergood.html.
Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.
Receive News & Ratings for Sunstone Hotel Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunstone Hotel Investors and related companies with MarketBeat.com's FREE daily email newsletter.