Jefferies Financial Group Increases Sunstone Hotel Investors (NYSE:SHO) Price Target to $12.00

Sunstone Hotel Investors (NYSE:SHO) had its target price increased by equities research analysts at Jefferies Financial Group from $10.00 to $12.00 in a report issued on Thursday,Benzinga reports. The firm presently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price objective indicates a potential upside of 2.13% from the stock’s previous close.

Separately, Wells Fargo & Company increased their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.17.

Sunstone Hotel Investors Trading Down 0.8 %

Shares of NYSE SHO traded down $0.09 during midday trading on Thursday, reaching $11.75. 232,569 shares of the stock were exchanged, compared to its average volume of 2,173,600. The business has a 50-day simple moving average of $11.15 and a two-hundred day simple moving average of $10.55. Sunstone Hotel Investors has a 12 month low of $9.39 and a 12 month high of $12.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 15.46, a P/E/G ratio of 6.45 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $226.40 million during the quarter, compared to analyst estimates of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.23 earnings per share. As a group, equities research analysts expect that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System increased its holdings in Sunstone Hotel Investors by 0.5% in the 3rd quarter. New York State Teachers Retirement System now owns 294,316 shares of the real estate investment trust’s stock valued at $3,037,000 after acquiring an additional 1,386 shares during the last quarter. Van ECK Associates Corp boosted its position in Sunstone Hotel Investors by 5.5% in the 2nd quarter. Van ECK Associates Corp now owns 31,119 shares of the real estate investment trust’s stock valued at $326,000 after buying an additional 1,635 shares during the period. Evergreen Capital Management LLC increased its holdings in Sunstone Hotel Investors by 12.1% during the 2nd quarter. Evergreen Capital Management LLC now owns 17,479 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,881 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Sunstone Hotel Investors by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 1,937 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Sunstone Hotel Investors by 7.0% during the second quarter. Truist Financial Corp now owns 47,223 shares of the real estate investment trust’s stock valued at $494,000 after purchasing an additional 3,098 shares in the last quarter. Hedge funds and other 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.