Sunstone Hotel Investors (NYSE:SHO) Stock Rating Upgraded by Baird R W

Sunstone Hotel Investors (NYSE:SHO) was upgraded by research analysts at Baird R W to a “strong-buy” rating in a research note issued on Tuesday, Zacks.com reports.

Several other research firms have also issued reports on SHO. Truist Financial upped their price target on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Robert W. Baird upgraded Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $11.00 to $12.00 in a research report on Tuesday. Compass Point upgraded Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $10.00 to $12.00 in a research report on Tuesday, May 7th. Finally, StockNews.com lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Friday, May 24th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.71.

Sunstone Hotel Investors Trading Down 0.9 %

Shares of SHO stock opened at $10.14 on Tuesday. Sunstone Hotel Investors has a 52-week low of $8.61 and a 52-week high of $11.59. The business’s fifty day moving average is $10.54 and its 200 day moving average is $10.62. The company has a debt-to-equity ratio of 0.43, a quick ratio of 8.17 and a current ratio of 8.17. The company has a market capitalization of $2.06 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 4.97 and a beta of 1.22.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). The company had revenue of $217.17 million during the quarter, compared to analysts’ expectations of $212.00 million. Sunstone Hotel Investors had a return on equity of 10.75% and a net margin of 20.69%. On average, equities research analysts anticipate that Sunstone Hotel Investors will post 0.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several large investors have recently modified their holdings of the stock. EntryPoint Capital LLC bought a new position in Sunstone Hotel Investors in the 1st quarter valued at approximately $30,000. Plato Investment Management Ltd purchased a new stake in shares of Sunstone Hotel Investors during the first quarter valued at $49,000. Quadrant Capital Group LLC increased its holdings in Sunstone Hotel Investors by 35.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,387 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Sunstone Hotel Investors in the 3rd quarter worth about $101,000. Finally, Versor Investments LP bought a new position in Sunstone Hotel Investors during the 3rd quarter valued at about $112,000. Hedge funds and other 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.