Sunstone Hotel Investors (NYSE: SHO) price target raised to $ 12.00 by analysts at Truist Securities
Sunstone Hotel Investors (NYSE: SHO) saw its price target raised by investment analysts at Truist Securities from $ 11.00 to $ 12.00 in a research report released Friday, reports Stock Target Advisor. The company currently has a “custody” rating on the shares of the REIT. Truist Securities’ target price would indicate a potential rise of 8.50% from the company’s previous close.
Several other equity research analysts also recently published reports on SHO. Citigroup lowered its price target for Sunstone Hotel Investors stock from $ 14.00 to $ 13.00 and set a “neutral” rating for the company in a research report released on Wednesday, October 6. TheStreet downgraded Sunstone Hotel Investors shares from a “d +” rating to a “c” rating in a research report released on Tuesday, November 9. Truist raised its price target for Sunstone Hotel Investors stock from $ 11.00 to $ 12.00 and gave the company a “conservation” rating in a research report on Friday. Wells Fargo & Company raised its price target for Sunstone Hotel Investors stock from $ 11.50 to $ 13.00 and gave the company an “equal weight” rating in a research report released on Monday, October 18 . Finally, Zacks Investment Research downgraded Sunstone Hotel Investors shares from a “hold” rating to a “buy” rating and set a target price of $ 14.00 for the company in a research report released on Friday 22nd. October. Five investment analysts rated the stock with a conservation rating and one assigned a buy rating to the stock. According to MarketBeat data, Sunstone Hotel Investors currently has a consensus rating of “Hold” and an average target price of $ 12.50.
SHO shares traded up $ 0.05 during trading hours on Friday, reaching $ 11.06. 164,335 shares of the company were traded, for an average volume of 2,224,966. The company has a 50-day moving average of $ 12.23 and a two-hundred-day moving average of $ 12.10. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt ratio of 0.37. Sunstone Hotel Investors has a 52 week low of $ 10.14 and a 52 week high of $ 13.91. The company has a market cap of $ 2.43 billion, a PE ratio of -14.95 and a beta of 1.29.
Sunstone Hotel Investors (NYSE: SHO) last released its quarterly earnings data on Thursday, November 4. The real estate investment trust reported ($ 0.13) earnings per share (EPS) for the quarter, missing the Thomson Reuters consensus estimate of $ 0.08 of ($ 0.21). Sunstone Hotel Investors recorded a negative return on equity of 7.65% and a negative net margin of 38.03%. The company posted revenue of $ 167.42 million for the quarter, compared to a consensus estimate of $ 158.88 million. During the same period of the previous year, the company made EPS ($ 0.26). The company’s revenue grew 479.1% year-over-year. On average, research analysts predict Sunstone Hotel Investors will post 0.06 BPA for the current year.
A number of hedge funds have recently changed their positions in SHO. Vanguard Group Inc. increased its stake in shares of Sunstone Hotel Investors by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 31,416,017 real estate investment trust shares worth $ 390,186,000 after purchasing an additional 483,011 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Sunstone Hotel Investors shares by 4.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 13,525,748 Real Estate Investment Trust shares valued at $ 167,990,000 after purchasing an additional 610,138 shares during the last quarter. Invesco Ltd. increased its stake in Sunstone Hotel Investors shares by 36.9% during the 2nd quarter. Invesco Ltd. now owns 13,425,150 real estate investment trust shares worth $ 166,740,000 after purchasing an additional 3,619,443 shares during the last quarter. State Street Corp raised its stake in shares of Sunstone Hotel Investors by 2.0% during the 2nd quarter. State Street Corp now owns 8,502,847 real estate investment trust shares worth $ 105,605,000 after purchasing an additional 166,171 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Sunstone Hotel Investors shares by 2.1% during the 2nd quarter. Victory Capital Management Inc. now owns 7,974,108 Real Estate Investment Trust shares valued at $ 99,038,000 after purchasing an additional 161,084 shares during the last quarter. Hedge funds and other institutional investors own 97.99% of the company’s shares.
About the Sunstone Hotel Investors
Sunstone Hotel Investors, Inc is a real estate investment trust engaged in the acquisition, ownership, asset management and renovation of hotels and resorts. It operates under the following brands: Marriott, Hilton and Hyatt. The company was founded by Robert A. Alter in 1995 and is headquartered in Irvine, California.
Further reading: price / earnings ratio (PE)
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