June 24, 2024


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Sunstone Hotel Investors, Inc. (NYSE:SHO) Given Average Rating of “Hold” by Brokerages

Shares of Sunstone Resort Investors, Inc. (NYSE:SHOGet Score) have gained a consensus ranking of “Hold” from the 10 rankings corporations that are masking the company, MarketBeat Rankings reports. Two investigation analysts have rated the inventory with a market suggestion, 4 have given a hold suggestion and three have specified a get recommendation to the enterprise. The common 12 month price objective amid brokerages that have current their protection on the stock in the final calendar year is $12.71.

A range of equities analysis analysts have commented on SHO shares. Evercore ISI elevated shares of Sunstone Resort Traders from an “in-line” ranking to an “outperform” ranking in a research report on Tuesday, March 1st. StockNews.com upgraded shares of Sunstone Resort Traders from a “sell” rating to a “hold” rating in a report on Monday. Barclays cut shares of Sunstone Lodge Buyers from an “overweight” score to an “underweight” rating and reduced their price tag goal for the inventory from $15.00 to $11.00 in a investigation note on Tuesday, March 1st. Eventually, Morgan Stanley upgraded shares of Sunstone Lodge Investors from an “equal weight” score to an “overweight” rating and lifted their concentrate on price for the inventory from $13.00 to $14.00 in a analysis take note on Tuesday, January 18th.

Numerous huge traders have just lately added to or lowered their stakes in the business. Morgan Stanley boosted its stake in Sunstone Resort Buyers by 618.3% throughout the next quarter. Morgan Stanley now owns 602,601 shares of the actual estate expense trust’s stock valued at $7,484,000 following purchasing an additional 518,704 shares in the past quarter. Raymond James & Associates lifted its stake in Sunstone Resort Investors by 36.3% in the 3rd quarter. Raymond James & Associates now owns 46,685 shares of the real estate expenditure trust’s inventory really worth $557,000 following obtaining an supplemental 12,435 shares in the previous quarter. PNC Financial Companies Team Inc. lifted its stake in Sunstone Lodge Buyers by 130,381.8% in the 3rd quarter. PNC Fiscal Services Group Inc. now owns 28,706 shares of the genuine estate investment trust’s stock well worth $342,000 following attaining an further 28,684 shares in the very last quarter. Advisor Team Holdings Inc. elevated its stake in shares of Sunstone Resort Buyers by 547.8% all through the 3rd quarter. Advisor Team Holdings Inc. now owns 11,673 shares of the genuine estate investment trust’s inventory worth $139,000 following getting an additional 9,871 shares in the last quarter. Last but not least, Los Angeles Cash Management LLC bought a new stake in shares of Sunstone Hotel Investors during the 3rd quarter truly worth about $325,000.

Shares of NYSE:SHO opened at $11.49 on Wednesday. The stock has a current market cap of $2.47 billion, a P/E ratio of 31.05 and a beta of 1.17. The enterprise has a quick ratio of 1.61, a current ratio of 1.23 and a debt-to-fairness ratio of .24. Sunstone Resort Buyers has a 52-week very low of $9.93 and a 52-week high of $13.91. The business has a fifty day shifting common of $11.62 and a two-hundred working day transferring ordinary of $11.62.

Sunstone Hotel Traders (NYSE:SHOGet Ranking) final declared its earnings outcomes on Wednesday, May well 4th. The real estate investment rely on described $.05 EPS for the quarter, missing analysts’ consensus estimates of $.07 by ($.02). Sunstone Hotel Buyers experienced a web margin of 15.57% and a return on fairness of 5.20%. The organization had revenue of $172.30 million for the quarter, compared to analysts’ anticipations of $157.67 million. In the course of the same quarter last 12 months, the enterprise gained ($.13) earnings per share. The business’s earnings was up 240.3% compared to the similar quarter very last year. On regular, equities analysts foresee that Sunstone Hotel Investors will submit .7 earnings for each share for the latest year.

Sunstone Resort Traders Organization Profile (Get Score)

Sunstone Resort Traders, Inc is a lodging real estate investment decision believe in (“REIT”) that as of the date of this launch has passions in 19 lodges comprised of 9,997 rooms. Sunstone’s business is to receive, own, asset control and renovate or reposition accommodations considered to be Lengthy-Term Related Serious Estate®, the the vast majority of which are operated below nationally recognized brands, these types of as Marriott, Hilton and Hyatt.

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Analyst Recommendations for Sunstone Hotel Investors (NYSE:SHO)

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