Sunstone Hotel Investors Inc. (NYSE:SHO) shares shot up 2.8% on Friday . The stock traded as high as $12.83 and last traded at $12.82, with a volume of 1,473,921 shares. The stock had previously closed at $12.47.

Several research firms have recently weighed in on SHO. Canaccord Genuity upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $15.00 in a research note on Friday. Zacks Investment Research lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Wednesday, July 6th. Deutsche Bank AG reiterated a “hold” rating and issued a $14.00 price target on shares of Sunstone Hotel Investors in a research note on Monday, June 27th. TheStreet lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Friday, June 10th. Finally, Bank of America Corp. reiterated a “buy” rating and issued a $14.50 price target (up previously from $13.00) on shares of Sunstone Hotel Investors in a research note on Friday, May 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.59.

The firm has a 50 day moving average price of $12.08 and a 200 day moving average price of $12.43. The stock has a market capitalization of $2.82 billion and a P/E ratio of 8.10.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Monday, May 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.01. The company had revenue of $274.30 million for the quarter, compared to analysts’ expectations of $277.91 million. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the business posted $0.22 EPS. On average, analysts forecast that Sunstone Hotel Investors Inc. will post $1.22 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were issued a dividend of $0.05 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.54%.

In related news, SVP David Ryan Sloan sold 35,209 shares of the firm’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $12.44, for a total transaction of $437,999.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Keith Locker sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $11.80, for a total transaction of $118,000.00. Following the sale, the director now owns 50,703 shares of the company’s stock, valued at approximately $598,295.40. The disclosure for this sale can be found here.

Other hedge funds recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Sunstone Hotel Investors by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 29,904,768 shares of the company’s stock worth $373,511,000 after buying an additional 663,514 shares during the period. Principal Financial Group Inc. increased its stake in Sunstone Hotel Investors by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 8,494,532 shares of the company’s stock worth $106,097,000 after buying an additional 107,885 shares during the period. Victory Capital Management Inc. increased its stake in Sunstone Hotel Investors by 3.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,623,092 shares of the company’s stock worth $45,253,000 after buying an additional 134,328 shares during the period. Foresters Investment Management Company Inc. increased its stake in Sunstone Hotel Investors by 33.4% in the fourth quarter. Foresters Investment Management Company Inc. now owns 2,073,114 shares of the company’s stock worth $25,893,000 after buying an additional 518,700 shares during the period. Finally, Schroder Investment Management Group increased its stake in Sunstone Hotel Investors by 262.2% in the fourth quarter. Schroder Investment Management Group now owns 1,011,146 shares of the company’s stock worth $12,628,000 after buying an additional 731,996 shares during the period.

Sunstone Hotel Investors, Inc is a self-managed and self-administered real estate investment trust (REIT). The Company’s business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company operates through hotel ownership segment.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.