Sunstone Hotel Investors (NYSE:SHO) Rating Lowered to “Strong Sell” at Zacks Research

Sunstone Hotel Investors (NYSE:SHO) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Wednesday,Zacks.com reports.

SHO has been the topic of a number of other reports. Robert W. Baird reiterated a “neutral” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Monday. Wall Street Zen cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $10.00 to $11.00 in a report on Monday, January 5th. Baird R W lowered shares of Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sunstone Hotel Investors presently has an average rating of “Hold” and a consensus target price of $9.38.

Sunstone Hotel Investors Stock Up 1.6%

Shares of NYSE SHO opened at $9.18 on Wednesday. The firm’s fifty day moving average is $9.21 and its 200 day moving average is $9.19. Sunstone Hotel Investors has a 52 week low of $7.45 and a 52 week high of $11.84. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.55. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 1.85 and a beta of 1.02.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Friday, November 7th. The real estate investment trust reported $0.17 EPS for the quarter, beating the consensus estimate of $0.15 by $0.02. The firm had revenue of $229.32 million during the quarter, compared to the consensus estimate of $226.05 million. Sunstone Hotel Investors had a net margin of 1.94% and a return on equity of 1.04%. The company’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 earnings per share. Sunstone Hotel Investors has set its FY 2025 guidance at 0.800-0.870 EPS. On average, equities research analysts expect that Sunstone Hotel Investors will post 0.79 earnings per share for the current year.

Hedge Funds Weigh In On Sunstone Hotel Investors

Several large investors have recently made changes to their positions in the business. Hantz Financial Services Inc. grew its stake in shares of Sunstone Hotel Investors by 951.7% in the second quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 2,722 shares during the last quarter. Assetmark Inc. grew its position in Sunstone Hotel Investors by 210.4% during the 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,464 shares during the last quarter. GAMMA Investing LLC increased its stake in Sunstone Hotel Investors by 33.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,426 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 1,595 shares in the last quarter. Blue Trust Inc. increased its stake in Sunstone Hotel Investors by 46.8% during the 2nd quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 2,087 shares in the last quarter. Finally, CWM LLC raised its holdings in Sunstone Hotel Investors by 579.8% in the second quarter. CWM LLC now owns 8,029 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 6,848 shares during the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.