Truist Financial Has Lowered Expectations for Sunstone Hotel Investors (NYSE:SHO) Stock Price

Sunstone Hotel Investors (NYSE:SHO) had its price objective lowered by stock analysts at Truist Financial from $12.00 to $11.00 in a report issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Truist Financial’s target price points to a potential upside of 13.11% from the stock’s previous close.

A number of other research analysts have also weighed in on SHO. Wells Fargo & Company dropped their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 18th. Morgan Stanley reissued an “underweight” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $11.57.

Sunstone Hotel Investors Stock Down 0.9 %

Sunstone Hotel Investors stock opened at $9.73 on Friday. Sunstone Hotel Investors has a 1-year low of $9.39 and a 1-year high of $12.41. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 12.80, a price-to-earnings-growth ratio of 4.52 and a beta of 1.19. The firm’s fifty day moving average price is $10.89 and its two-hundred day moving average price is $10.88. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. On average, equities research analysts predict that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Institutional Trading of Sunstone Hotel Investors

Hedge funds have recently added to or reduced their stakes in the stock. Point72 Asia Singapore Pte. Ltd. bought a new stake in Sunstone Hotel Investors in the fourth quarter worth about $33,000. Smartleaf Asset Management LLC raised its position in Sunstone Hotel Investors by 442.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 2,448 shares during the period. GAMMA Investing LLC increased its stake in shares of Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,743 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of Sunstone Hotel Investors in the fourth quarter worth about $42,000. Finally, Sterling Capital Management LLC increased its stake in shares of Sunstone Hotel Investors by 805.2% in the fourth quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 5,701 shares in the last quarter. Institutional investors own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.