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 âcustodyâ 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 âd +â rating to a âcâ 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 âholdâ rating to a âbuyâ 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 âHoldâ 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)
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [emailÂ protected]
Should you invest $ 1,000 in Sunstone Hotel Investors now?
Before you consider Sunstone Hotel Investors, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly asking their clients to buy now before the broader market takes hold … and Sunstone Hotel Investors was not on the list.
While Sunstone Hotel Investors currently has a âHoldâ rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here