Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO – Get Rating) were given a consensus rating of “Hold” by the seven analysts who currently cover the company, MarketBeat reports. One analyst rated the stock with a sell rating, three assigned a hold rating and two issued a buy rating on the company. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is $13.00.
Several research companies have recently weighed in on SHO. TheStreet upgraded shares of Sunstone Hotel Investors from a “d+” rating to a “c” rating in a research report on Tuesday, November 9. Morgan Stanley upgraded shares of Sunstone Hotel Investors from an ‘equal weight’ rating to an ‘overweight’ rating and raised its price target for the stock from $13.00 to $14.00 in a report research on Tuesday, January 18. Truist Financial raised its price target on Sunstone Hotel Investors shares from $11.00 to $12.00 and gave the stock a “holding” rating in a Friday, Dec. 3 research report. Finally, Bank of America downgraded Sunstone Hotel Investors shares from a “buy” rating to an “underperform” rating and lowered its price target for the stock from $14.00 to $12.00. in a Monday, January 10 research report.
Shares of Sunstone Hotel Investors opened at $10.50 on Friday. Sunstone Hotel Investors has a 12-month low of $9.93 and a 12-month high of $13.91. The company has a market capitalization of $2.30 billion, a price-earnings ratio of -14.19 and a beta of 1.29. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt ratio of 0.37. The company’s 50-day moving average price is $11.47 and its 200-day moving average price is $11.74.
In other Sunstone Hotel Investors news, CEO Douglas M. Pasquale purchased 9,000 shares of Sunstone Hotel Investors in a trade on Wednesday, December 15. The shares were acquired at an average cost of $10.63 per share, for a total transaction of $95,670.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available via this hyperlink. 1.49% of the shares are held by insiders of the company.
Several large investors have recently increased or reduced their stake in the company. BlackRock Inc. increased its stake in shares of Sunstone Hotel Investors by 1.2% during the fourth quarter. BlackRock Inc. now owns 21,161,027 shares of the real estate investment trust valued at $248,219,000 after purchasing an additional 260,271 shares during the period. Wells Fargo & Company MN increased its stake in Sunstone Hotel Investors shares by 16.6% during the fourth quarter. Wells Fargo & Company MN now owns 341,168 shares of the real estate investment trust worth $4,003,000 after purchasing an additional 48,668 shares during the period. Wexford Capital LP purchased a new stake in shares of Sunstone Hotel Investors during the fourth quarter valued at approximately $347,000. Walleye Trading LLC increased its stake in Sunstone Hotel Investors shares by 395.7% during the fourth quarter. Walleye Trading LLC now owns 121,674 shares of the real estate investment trust worth $1,427,000 after purchasing an additional 97,130 shares during the period. Finally, Goldman Sachs Group Inc. increased its stake in Sunstone Hotel Investors shares by 201.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,252,431 shares of the real estate investment trust valued at $14,691,000 after purchasing an additional 836,479 shares during the period. 96.41% of the shares are held by hedge funds and other institutional investors.
Sunstone Hotel Investors Company Profile (Get an assessment)
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 based in Irvine, California.
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