Sunstone Hotel Investors Inc. (NYSE:SHO) shares fell 1.1% during mid-day trading on Wednesday . The company traded as low as $13.15 and last traded at $13.27, with a volume of 4,338,570 shares. The stock had previously closed at $13.42.

A number of brokerages have recently issued reports on SHO. Canaccord Genuity upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and boosted their price target for the stock from $14.00 to $15.00 in a research note on Friday, July 15th. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Deutsche Bank AG reissued a “hold” rating and set a $14.00 price objective on shares of Sunstone Hotel Investors in a report on Monday, June 27th. TheStreet downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Friday, June 10th. Finally, Bank of America Corp. reissued a “buy” rating and set a $14.50 price objective (up previously from $13.00) on shares of Sunstone Hotel Investors in a report on Friday, May 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $14.59.

The stock has a market cap of $2.88 billion and a price-to-earnings ratio of 8.27. The stock’s 50-day moving average is $12.19 and its 200 day moving average is $12.44.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Monday, May 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.01. The firm had revenue of $274.30 million for the quarter, compared to analyst estimates of $277.91 million. During the same period last year, the firm posted $0.22 EPS. The business’s revenue was down 3.6% compared to the same quarter last year. On average, analysts forecast that Sunstone Hotel Investors Inc. will post $1.22 EPS for the current fiscal 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 $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.51%. The ex-dividend date was Tuesday, June 28th.

In related news, SVP David Ryan Sloan sold 35,209 shares of the company’s stock in a transaction dated Tuesday, May 3rd. The shares were sold at an average price of $12.44, for a total value of $437,999.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Keith Locker sold 10,000 shares of the company’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 completion of the sale, the director now directly 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 large investors recently bought and sold shares of the company. 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 valued at $12,628,000 after buying an additional 731,996 shares during the last quarter. 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 valued at $373,511,000 after buying an additional 663,514 shares during the last quarter. 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 valued at $25,893,000 after buying an additional 518,700 shares during the last quarter. Sei Investments Co. increased its stake in Sunstone Hotel Investors by 407.9% in the fourth quarter. Sei Investments Co. now owns 359,821 shares of the company’s stock valued at $4,494,000 after buying an additional 288,974 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in Sunstone Hotel Investors by 873.3% in the fourth quarter. Bank of Montreal Can now owns 184,034 shares of the company’s stock valued at $2,299,000 after buying an additional 165,125 shares during the last quarter.

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.