Sunstone Hotel Investors (NYSE:SHO) Upgraded to “Outperform” at Evercore ISI

Sunstone Hotel Investors (NYSE:SHO) was upgraded by investment analysts at Evercore ISI from an “in-line” rating to an “outperform” rating in a research report issued to clients and investors on Friday,Finviz reports. The firm presently has a $10.00 price objective on the real estate investment trust’s stock. Evercore ISI’s price target indicates a potential upside of 13.51% from the company’s current price.

SHO has been the subject of a number of other reports. Wells Fargo & Company decreased their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Morgan Stanley decreased their target price on Sunstone Hotel Investors from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Truist Financial lowered their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a report on Friday, March 21st. Jefferies Financial Group reduced their price objective on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Finally, Bank of America raised shares of Sunstone Hotel Investors from an “underperform” rating to a “buy” rating and set a $10.00 target price on the stock in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.25.

Sunstone Hotel Investors Trading Down 0.7%

Shares of SHO stock opened at $8.81 on Friday. Sunstone Hotel Investors has a 1-year low of $7.45 and a 1-year high of $12.41. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $1.75 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 4.52 and a beta of 1.25. The stock has a 50-day moving average of $8.82 and a 200-day moving average of $10.40.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.03. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm had revenue of $234.07 million during the quarter, compared to analyst estimates of $243.34 million. During the same quarter last year, the business earned $0.18 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities research analysts forecast that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several large investors have recently added to or reduced their stakes in SHO. Barclays PLC lifted its holdings in shares of Sunstone Hotel Investors by 304.9% in the third quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust’s stock valued at $3,540,000 after purchasing an additional 258,302 shares in the last quarter. Principal Financial Group Inc. lifted its stake in Sunstone Hotel Investors by 11.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust’s stock valued at $11,566,000 after acquiring an additional 116,058 shares in the last quarter. Heritage Family Offices LLP lifted its stake in Sunstone Hotel Investors by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 969 shares in the last quarter. Blue Trust Inc. boosted its holdings in Sunstone Hotel Investors by 44.7% during the 4th quarter. Blue Trust Inc. now owns 31,571 shares of the real estate investment trust’s stock worth $374,000 after acquiring an additional 9,759 shares during the last quarter. Finally, KBC Group NV grew its stake in shares of Sunstone Hotel Investors by 55.4% in the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 3,249 shares in the last quarter. 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.