Sunstone Hotel Investors, Inc. (NYSE:SHO) was downgraded by equities researchers at J P Morgan Chase & Co from a “neutral” rating to an “underweight” rating in a report released on Thursday. They presently have a $14.00 target price on the real estate investment trust’s stock. J P Morgan Chase & Co’s price objective would suggest a potential downside of 14.58% from the stock’s previous close.

A number of other brokerages also recently issued reports on SHO. Canaccord Genuity raised their price objective on Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Zacks Investment Research downgraded Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. DA Davidson reissued a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, September 6th. Robert W. Baird set a $17.00 price objective on Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Monday, October 23rd. Finally, BidaskClub downgraded Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.89.

Shares of Sunstone Hotel Investors (NYSE SHO) opened at $16.39 on Thursday. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $3,688.52, a PE ratio of 13.42, a P/E/G ratio of 2.74 and a beta of 1.11. Sunstone Hotel Investors has a 52-week low of $13.51 and a 52-week high of $17.15.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.18. The firm had revenue of $303.91 million during the quarter, compared to the consensus estimate of $299.90 million. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.33 EPS. analysts predict that Sunstone Hotel Investors will post 1.2 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SHO. Vanguard Group Inc. grew its position in Sunstone Hotel Investors by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock valued at $607,999,000 after acquiring an additional 1,619,745 shares in the last quarter. Franklin Resources Inc. grew its position in Sunstone Hotel Investors by 41.8% in the 2nd quarter. Franklin Resources Inc. now owns 5,061,301 shares of the real estate investment trust’s stock valued at $81,588,000 after acquiring an additional 1,490,802 shares in the last quarter. Frontier Capital Management Co. LLC grew its position in shares of Sunstone Hotel Investors by 43.3% during the second quarter. Frontier Capital Management Co. LLC now owns 4,184,909 shares of the real estate investment trust’s stock worth $67,461,000 after buying an additional 1,263,508 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Sunstone Hotel Investors by 49.3% during the second quarter. Ameriprise Financial Inc. now owns 2,643,022 shares of the real estate investment trust’s stock worth $42,605,000 after buying an additional 873,060 shares in the last quarter. Finally, Rothschild Asset Management Inc. acquired a new position in shares of Sunstone Hotel Investors during the third quarter worth about $13,013,000.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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