Morgan Stanley Cuts Sunstone Hotel Investors (NYSE:SHO) Price Target to $7.00

Sunstone Hotel Investors (NYSE:SHO) had its price target lowered by stock analysts at Morgan Stanley from $9.00 to $7.00 in a report issued on Tuesday,Benzinga reports. The firm presently has an “underweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price objective would suggest a potential downside of 15.15% from the stock’s previous close.

Several other research analysts have also recently issued reports on the company. Truist Financial dropped their target price on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Wells Fargo & Company reduced their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, Jefferies Financial Group reduced their price objective on Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sunstone Hotel Investors presently has an average rating of “Hold” and an average target price of $10.57.

Sunstone Hotel Investors Stock Up 0.1 %

SHO stock opened at $8.25 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. Sunstone Hotel Investors has a 1-year low of $7.45 and a 1-year high of $12.41. The stock has a market capitalization of $1.66 billion, a P/E ratio of 10.89, a P/E/G ratio of 4.52 and a beta of 1.16. The business has a fifty day moving average price of $9.63 and a 200-day moving average price of $10.63.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $214.77 million for the quarter, compared to analysts’ expectations of $211.17 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. Equities analysts forecast that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sunstone Hotel Investors during the fourth quarter valued at $33,000. Smartleaf Asset Management LLC raised its holdings in shares of Sunstone Hotel Investors by 442.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 2,448 shares during the period. GAMMA Investing LLC increased its position in shares of Sunstone Hotel Investors by 114.1% in the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 1,743 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in Sunstone Hotel Investors during the 4th quarter worth $42,000. Finally, Sterling Capital Management LLC increased its stake in shares of Sunstone Hotel Investors by 805.2% during the fourth quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 5,701 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.