Sunstone Hotel Investors (NYSE:SHO – Get Free Report) had its price target boosted by equities research analysts at JPMorgan Chase & Co. from $9.00 to $10.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has an “underweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would indicate a potential downside of 15.22% from the company’s previous close.
A number of other equities research analysts also recently commented on the company. Citigroup lifted their price objective on Sunstone Hotel Investors from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Wall Street Zen upgraded Sunstone Hotel Investors from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research raised Sunstone Hotel Investors from a “hold” rating to a “strong-buy” rating in a research note on Monday, May 18th. LADENBURG THALM/SH SH assumed coverage on Sunstone Hotel Investors in a report on Thursday, March 26th. They issued a “hold” rating and a $10.00 price target for the company. Finally, Wells Fargo & Company lifted their price target on Sunstone Hotel Investors from $12.00 to $13.00 and gave the company an “overweight” rating in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.71.
Check Out Our Latest Analysis on Sunstone Hotel Investors
Sunstone Hotel Investors Trading Up 0.0%
Sunstone Hotel Investors (NYSE:SHO – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.05. Sunstone Hotel Investors had a return on equity of 2.27% and a net margin of 3.84%.The company had revenue of $259.71 million during the quarter, compared to the consensus estimate of $244.29 million. During the same period in the previous year, the firm posted $0.21 EPS. Sunstone Hotel Investors’s revenue was up 10.9% on a year-over-year basis. Sunstone Hotel Investors has set its FY 2026 guidance at 0.880-0.960 EPS. On average, research analysts anticipate that Sunstone Hotel Investors will post 0.91 earnings per share for the current fiscal year.
Insider Activity
In other news, insider Robert C. Springer sold 89,631 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $11.62, for a total transaction of $1,041,512.22. Following the completion of the sale, the insider directly owned 573,743 shares of the company’s stock, valued at $6,666,893.66. The trade was a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.40% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in SHO. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Sunstone Hotel Investors by 27.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 5,274 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,135 shares during the period. California State Teachers Retirement System raised its holdings in Sunstone Hotel Investors by 0.7% during the second quarter. California State Teachers Retirement System now owns 178,604 shares of the real estate investment trust’s stock worth $1,550,000 after purchasing an additional 1,170 shares in the last quarter. Royal Bank of Canada lifted its position in Sunstone Hotel Investors by 1.2% in the first quarter. Royal Bank of Canada now owns 103,294 shares of the real estate investment trust’s stock worth $931,000 after purchasing an additional 1,204 shares during the period. AQR Capital Management LLC boosted its stake in Sunstone Hotel Investors by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock valued at $789,000 after purchasing an additional 1,307 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its stake in Sunstone Hotel Investors by 9.9% during the 4th quarter. Heritage Family Offices LLP now owns 21,473 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 1,938 shares in the last quarter. 99.37% of the stock is 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.
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