Sunstone Hotel Investors, Inc. (NYSE:SHO) – Equity analysts at Truist Financial have cut their first-quarter 2022 earnings per share estimates for shares of Sunstone Hotel Investors in a research note released to investors on Thursday, February 10. Truist Financial analyst P. Scholes now expects the real estate investment trust to post earnings per share of $0.11 for the quarter, down from its previous forecast of $0.13. . Truist Financial currently has a “Hold” rating and a target price of $12.00 on the stock. Truist Financial also released Sunstone Hotel Investors earnings estimates for the first quarter of 2023 at $0.15 EPS.
SHO has been the subject of a number of other research reports. Bank of America downgraded Sunstone Hotel Investors from a ‘buy’ to an ‘underperform’ rating and cut its price target for the stock from $14.00 to $12.00 in a Monday report January 10. Wells Fargo & Company raised its price target on Sunstone Hotel Investors stock from $11.50 to $13.00 and gave the stock an “equal weight” rating in a Monday, October 18 research report . Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a price target of $14.00 for the company in a research report on Friday, October 22. TheStreet upgraded shares of Sunstone Hotel Investors from a “d+” rating to a “c” rating in a research report on Tuesday, November 9. Finally, Morgan Stanley upgraded shares of Sunstone Hotel Investors from a “weighted” rating to an “overweight” rating and raised its price target for the company from $13.00 to $14.00 in a research report. Tuesday, January 18. One analyst rated the stock with a sell rating, three gave the company a hold rating and two gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $13.00.
SHO stock opened at $11.71 on Friday. The company’s fifty-day moving average is $11.44 and its 200-day moving average is $11.74. The company has a market capitalization of $2.57 billion, a P/E ratio of -15.82 and a beta of 1.29. The company has a quick ratio of 1.28, a current ratio of 1.28 and a leverage ratio of 0.37. Sunstone Hotel Investors has a 12-month low of $10.27 and a 12-month high of $13.91.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its stake in Sunstone Hotel Investors shares by 4.1% in the second quarter. Thrivent Financial for Lutherans now owns 3,261,160 shares of the real estate investment trust worth $40,503,000 after purchasing an additional 128,358 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Sunstone Hotel Investors shares by 56.8% in the third quarter. Allianz Asset Management GmbH now owns 634,476 shares of the real estate investment trust worth $7,576,000 after purchasing an additional 229,844 shares in the last quarter. Ziegler Capital Management LLC increased its stake in Sunstone Hotel Investors shares by 184.9% in the third quarter. Ziegler Capital Management LLC now owns 1,175,245 shares of the real estate investment trust worth $14,032,000 after purchasing an additional 762,682 shares in the last quarter. William Blair Investment Management LLC increased its stake in Sunstone Hotel Investors shares by 125.4% in the third quarter. William Blair Investment Management LLC now owns 2,784,278 shares of the real estate investment trust worth $33,244,000 after purchasing an additional 1,548,813 shares in the last quarter. Finally, the State of New Jersey Common Pension Fund D increased its stake in shares of Sunstone Hotel Investors by 14.4% in the third quarter. New Jersey State Joint Pension Fund D now owns 389,520 shares of the real estate investment trust worth $4,650,000 after purchasing an additional 49,037 shares in the last quarter. 96.41% of the shares are currently held by hedge funds and other institutional investors.
In other news, CEO Douglas M. Pasquale acquired 9,000 shares 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 legal filing with the Securities & Exchange Commission, which is available via this link. 1.49% of the shares are held by insiders.
Sunstone Hotel Investors Company Profile
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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