Jefferies Financial Group Lowers Sunstone Hotel Investors (NYSE:SHO) Price Target to $8.00

Sunstone Hotel Investors (NYSE:SHO) had its price target decreased by analysts at Jefferies Financial Group from $12.00 to $8.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Financial Group’s price target indicates a potential downside of 1.78% from the company’s current price.

Several other equities research analysts have also recently weighed in on SHO. Morgan Stanley reiterated an “underweight” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Truist Financial decreased their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Finally, Wells Fargo & Company cut their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

Sunstone Hotel Investors Stock Down 5.5 %

SHO opened at $8.15 on Wednesday. Sunstone Hotel Investors has a 12 month low of $7.45 and a 12 month high of $12.41. The company has a market cap of $1.64 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 4.52 and a beta of 1.16. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average of $10.04 and a 200 day moving average of $10.73.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm had revenue of $214.77 million during the quarter, compared to analyst estimates of $211.17 million. On average, sell-side analysts expect that Sunstone Hotel Investors will post 0.79 EPS for the current year.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of institutional investors have recently made changes to their positions in SHO. Principal Financial Group Inc. increased its holdings in shares of Sunstone Hotel Investors by 645.6% in the fourth quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust’s stock worth $98,929,000 after buying an additional 7,234,862 shares during the period. Bank of America Corp DE grew its position in Sunstone Hotel Investors by 23.0% during the 4th quarter. Bank of America Corp DE now owns 6,567,535 shares of the real estate investment trust’s stock worth $77,760,000 after acquiring an additional 1,229,769 shares during the last quarter. Geode Capital Management LLC increased its stake in Sunstone Hotel Investors by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,247,927 shares of the real estate investment trust’s stock worth $54,169,000 after purchasing an additional 109,327 shares during the period. JPMorgan Chase & Co. lifted its position in Sunstone Hotel Investors by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock valued at $49,284,000 after purchasing an additional 1,130,558 shares during the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC boosted its stake in shares of Sunstone Hotel Investors by 22.2% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust’s stock valued at $55,488,000 after purchasing an additional 851,104 shares during the period. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Company Profile

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.