Sunstone Hotel Investors (NYSE:SHO) Downgraded by Evercore to “Hold”

Sunstone Hotel Investors (NYSE:SHO) was downgraded by Evercore from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

SHO has been the subject of a number of other research reports. Truist Financial raised their price objective on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock a “hold” rating in a report on Thursday, September 10th. Weiss Ratings upgraded shares of Sunstone Hotel Investors from a “hold (c)” rating to a “buy (b-)” rating in a research note on Tuesday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, October 21st. Zacks Research downgraded shares of Sunstone Hotel Investors from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Finally, Wells Fargo & Company upgraded shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.43.

Sunstone Hotel Investors Trading Up 0.9%

NYSE SHO opened at $12.62 on Monday. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 57.39, a PEG ratio of 2.94 and a beta of 1.00. Sunstone Hotel Investors has a one year low of $8.69 and a one year high of $12.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.84 and a quick ratio of 3.84. The business’s fifty day moving average is $11.36 and its 200-day moving average is $10.48.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. The company had revenue of $277.11 million for the quarter, compared to the consensus estimate of $266.67 million. Sunstone Hotel Investors had a net margin of 5.30% and a return on equity of 3.21%. Sunstone Hotel Investors has set its FY 2026 guidance at 0.930-0.980 EPS. Equities research analysts predict that Sunstone Hotel Investors will post 0.98 EPS for the current year.

Institutional Investors Weigh In On Sunstone Hotel Investors

A number of hedge funds and other institutional investors have recently bought and sold shares of SHO. Fifth Third Wealth Advisors LLC purchased a new stake in shares of Sunstone Hotel Investors during the third quarter worth $509,000. Sterling Capital Management LLC boosted its holdings in shares of Sunstone Hotel Investors by 187.2% in the third quarter. Sterling Capital Management LLC now owns 5,115 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 3,334 shares during the period. Nisa Investment Advisors LLC grew its position in shares of Sunstone Hotel Investors by 55.7% in the third quarter. Nisa Investment Advisors LLC now owns 27,711 shares of the real estate investment trust’s stock valued at $313,000 after purchasing an additional 9,915 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Sunstone Hotel Investors by 30.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 52,014 shares of the real estate investment trust’s stock valued at $583,000 after purchasing an additional 12,269 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC purchased a new position in shares of Sunstone Hotel Investors in the third quarter valued at $169,000. Institutional investors own 99.37% of the company’s stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE: SHO) is a real estate investment trust that owns and manages hotels in the United States. The company focuses primarily on upscale and upper-upscale properties located in major business, convention, and leisure destinations.

Sunstone’s portfolio includes full-service hotels operated under well-known hospitality brands as well as independent properties. Its hotels provide accommodations, restaurants and bars, meeting and event facilities, fitness amenities, and other services designed for business and leisure travelers.

The company has historically pursued ownership of institutional-quality lodging assets in markets with strong travel demand, including coastal gateway cities and popular resort and urban destinations.