Sunstone Hotel Investors (SHO) Upgraded by Zacks Investment Research to Hold

Zacks Investment Research upgraded shares of Sunstone Hotel Investors (NYSE:SHO) from a sell rating to a hold rating in a report released on Thursday morning.

According to Zacks, “Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies, such as Marriott, Hilton, InterContinental and Hyatt. “

Several other research firms have also recently weighed in on SHO. Barclays cut shares of Sunstone Hotel Investors from an overweight rating to an equal weight rating and lowered their price objective for the company from $18.00 to $16.00 in a research report on Tuesday, December 18th. Wells Fargo & Co reduced their target price on shares of Sunstone Hotel Investors from $17.50 to $16.00 and set a market perform rating on the stock in a report on Thursday, November 15th. Finally, Deutsche Bank set a $16.00 target price on shares of Sunstone Hotel Investors and gave the company a hold rating in a report on Tuesday, November 6th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Sunstone Hotel Investors currently has a consensus rating of Hold and a consensus price target of $16.75.

Sunstone Hotel Investors stock opened at $14.33 on Thursday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 6.35 and a current ratio of 6.36. The firm has a market cap of $3.27 billion, a PE ratio of 11.75, a P/E/G ratio of 2.14 and a beta of 1.14. Sunstone Hotel Investors has a fifty-two week low of $12.70 and a fifty-two week high of $17.60.

The firm also recently announced a special dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were issued a dividend of $0.54 per share. This represents a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, December 28th. Sunstone Hotel Investors’s dividend payout ratio is currently 177.05%.

A number of institutional investors have recently made changes to their positions in SHO. Nisa Investment Advisors LLC grew its holdings in Sunstone Hotel Investors by 6,800.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the real estate investment trust’s stock worth $90,000 after acquiring an additional 6,800 shares during the last quarter. Hartford Investment Management Co. bought a new stake in Sunstone Hotel Investors in the 4th quarter worth $131,000. Oppenheimer & Co. Inc. purchased a new stake in shares of Sunstone Hotel Investors in the 4th quarter worth about $135,000. Quantamental Technologies LLC purchased a new stake in shares of Sunstone Hotel Investors in the 4th quarter worth about $142,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Sunstone Hotel Investors in the 3rd quarter worth about $164,000.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of November 5, 2018 has interests in 22 hotels comprised of 11,176 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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