Sunstone Hotel Investors (NYSE:SHO) Rating Lowered to Sell at StockNews.com

Sunstone Hotel Investors (NYSE:SHO) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

A number of other research firms have also commented on SHO. Baird R W upgraded shares of Sunstone Hotel Investors to a “strong-buy” rating in a research report on Tuesday, May 28th. Robert W. Baird upgraded shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $11.00 to $12.00 in a research report on Tuesday, May 28th. Compass Point upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and lifted their target price for the company from $10.00 to $12.00 in a research report on Tuesday, May 7th. Finally, Truist Financial dropped their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus price target of $10.57.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO opened at $10.46 on Friday. The company has a quick ratio of 8.17, a current ratio of 8.17 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $2.13 billion, a PE ratio of 11.62, a P/E/G ratio of 4.90 and a beta of 1.23. Sunstone Hotel Investors has a twelve month low of $8.61 and a twelve month high of $11.59. The company has a 50-day moving average price of $10.25 and a two-hundred day moving average price of $10.65.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data 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). Sunstone Hotel Investors had a net margin of 20.69% and a return on equity of 10.75%. The firm had revenue of $217.17 million during the quarter, compared to the consensus estimate of $212.00 million. Equities analysts forecast that Sunstone Hotel Investors will post 0.89 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SHO. Balyasny Asset Management L.P. raised its stake in shares of Sunstone Hotel Investors by 313.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 3,873,721 shares of the real estate investment trust’s stock worth $41,565,000 after acquiring an additional 2,937,603 shares in the last quarter. Rush Island Management LP increased its stake in shares of Sunstone Hotel Investors by 30.3% in the third quarter. Rush Island Management LP now owns 9,579,732 shares of the real estate investment trust’s stock worth $89,570,000 after buying an additional 2,225,579 shares during the period. Norges Bank purchased a new position in shares of Sunstone Hotel Investors in the fourth quarter worth $14,656,000. Tudor Investment Corp Et Al increased its stake in shares of Sunstone Hotel Investors by 101.8% in the third quarter. Tudor Investment Corp Et Al now owns 489,639 shares of the real estate investment trust’s stock worth $4,578,000 after buying an additional 247,058 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Sunstone Hotel Investors by 7.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,281,393 shares of the real estate investment trust’s stock worth $35,209,000 after buying an additional 236,708 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.

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.