Sunstone Hotel Investors (NYSE:SHO – Get Free Report) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
A number of other analysts also recently commented on the company. LADENBURG THALM/SH SH started coverage on Sunstone Hotel Investors in a report on Thursday, March 26th. They set a “hold” rating and a $10.00 price objective for the company. Wall Street Zen upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday, February 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, January 21st. Truist Financial upped their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Thursday, March 26th. Finally, Wells Fargo & Company dropped their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set an “overweight” rating for the company in a report on Tuesday, March 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $10.00.
Read Our Latest Stock Report on Sunstone Hotel Investors
Sunstone Hotel Investors Trading Down 1.2%
Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. The business had revenue of $259.71 million during the quarter, compared to the consensus estimate of $244.30 million. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.21 EPS. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. As a group, analysts forecast that Sunstone Hotel Investors will post 0.91 EPS for the current year.
Institutional Trading of Sunstone Hotel Investors
Institutional investors have recently added to or reduced their stakes in the business. Tributary Capital Management LLC boosted its position in Sunstone Hotel Investors by 14.2% during the 4th quarter. Tributary Capital Management LLC now owns 1,537,256 shares of the real estate investment trust’s stock worth $13,743,000 after purchasing an additional 191,403 shares during the period. Davis Selected Advisers boosted its position in Sunstone Hotel Investors by 13.5% during the 3rd quarter. Davis Selected Advisers now owns 1,311,800 shares of the real estate investment trust’s stock worth $12,292,000 after purchasing an additional 156,320 shares during the period. M&T Bank Corp purchased a new stake in Sunstone Hotel Investors during the 4th quarter worth $635,000. GSA Capital Partners LLP purchased a new stake in Sunstone Hotel Investors during the 3rd quarter worth $579,000. Finally, Public Sector Pension Investment Board boosted its position in Sunstone Hotel Investors by 9.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 740,961 shares of the real estate investment trust’s stock worth $6,943,000 after purchasing an additional 63,047 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.
Sunstone Hotel Investors Company Profile
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.
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