Sunstone Hotel Investors, Inc. (SHO) Downgraded to “Underweight” at J P Morgan Chase & Co

J P Morgan Chase & Co cut shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) from a neutral rating to an underweight rating in a research report released on Thursday. J P Morgan Chase & Co currently has $14.00 price target on the real estate investment trust’s stock.

A number of other research firms have also recently weighed in 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 cut 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 cut Sunstone Hotel Investors from a buy rating to a hold rating in a research report on Monday, July 24th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $15.89.

Sunstone Hotel Investors (NYSE SHO) traded down $0.02 on Thursday, reaching $16.39. The company’s stock had a trading volume of 826,108 shares, compared to its average volume of 1,937,616. The stock has a market cap of $3,688.52, a P/E ratio of 13.42, a P/E/G ratio of 2.74 and a beta of 1.11. Sunstone Hotel Investors has a one year low of $13.51 and a one year high of $17.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The business had revenue of $303.91 million for the quarter, compared to the consensus estimate of $299.90 million. During the same period last year, the business posted $0.33 EPS. The business’s revenue was up .2% compared to the same quarter last year. equities analysts anticipate that Sunstone Hotel Investors will post 1.2 EPS for the current year.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Breton Hill Capital Ltd. increased its stake in shares of Sunstone Hotel Investors by 14.9% in the 2nd quarter. Breton Hill Capital Ltd. now owns 13,100 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,700 shares in the last quarter. Utah Retirement Systems increased its stake in shares of Sunstone Hotel Investors by 3.1% in the 2nd quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 400 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Sunstone Hotel Investors in the 2nd quarter valued at about $243,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sunstone Hotel Investors by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,613 shares in the last quarter. Finally, Paragon Capital Management Ltd increased its stake in shares of Sunstone Hotel Investors by 49.2% in the 2nd quarter. Paragon Capital Management Ltd now owns 16,275 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 5,369 shares in the last quarter.

About Sunstone Hotel Investors

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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