Sunstone Hotel Investors (SHO) Stock Rating Reaffirmed by Wells Fargo & Company

Sunstone Hotel Investors (NYSE:SHO)‘s stock had its “market perform” rating reissued by equities research analysts at Wells Fargo & Company in a note issued to investors on Tuesday.

Several other equities research analysts have also recently weighed in on the company. Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. BidaskClub cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. FBR & Co restated a “hold” rating on shares of Sunstone Hotel Investors in a report on Tuesday, October 31st. Finally, Robert W. Baird restated a “hold” rating and set a $17.00 target price on shares of Sunstone Hotel Investors in a report on Thursday, September 21st. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus target price of $15.86.

Shares of Sunstone Hotel Investors (SHO) traded up $0.36 during trading on Tuesday, hitting $17.44. The stock had a trading volume of 1,779,000 shares, compared to its average volume of 1,914,819. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75. The company has a market cap of $3,930.00, a price-to-earnings ratio of 14.00, a PEG ratio of 2.86 and a beta of 1.10. Sunstone Hotel Investors has a 12-month low of $14.15 and a 12-month high of $17.46.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating the consensus estimate of $0.13 by $0.18. The firm had revenue of $303.91 million for the quarter, compared to analyst estimates of $299.90 million. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $0.33 EPS. analysts expect that Sunstone Hotel Investors will post 1.2 EPS for the current year.

In other news, CFO Bryan Albert Giglia sold 18,426 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total value of $308,266.98. Following the completion of the transaction, the chief financial officer now owns 229,833 shares in the company, valued at approximately $3,845,106.09. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.

Hedge funds have recently bought and sold shares of the stock. Ameritas Investment Partners Inc. increased its position in Sunstone Hotel Investors by 3.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 609 shares in the last quarter. Global Endowment Management LP bought a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth $3,096,000. Legal & General Group Plc increased its holdings in shares of Sunstone Hotel Investors by 22.7% in the 2nd quarter. Legal & General Group Plc now owns 671,442 shares of the real estate investment trust’s stock worth $10,829,000 after purchasing an additional 124,144 shares in the last quarter. C M Bidwell & Associates Ltd. increased its holdings in shares of Sunstone Hotel Investors by 51.9% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 20,790 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 7,100 shares in the last quarter. Finally, Prudential Financial Inc. increased its holdings in shares of Sunstone Hotel Investors by 6.1% in the 3rd quarter. Prudential Financial Inc. now owns 2,496,710 shares of the real estate investment trust’s stock worth $40,122,000 after purchasing an additional 143,639 shares in the last quarter.

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About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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