Sunstone Hotel Investors, Inc. (NYSE:SHO) had its price target upped by stock analysts at J P Morgan Chase & Co from $13.00 to $14.00 in a research report issued to clients and investors on Wednesday. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. J P Morgan Chase & Co’s price objective points to a potential downside of 15.56% from the stock’s previous close.

Several other research analysts also recently issued reports on SHO. Boenning Scattergood reiterated a “hold” rating on shares of Sunstone Hotel Investors in a report on Wednesday. Canaccord Genuity upped their price target on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Robert W. Baird reiterated a “hold” rating and set a $17.00 price target on shares of Sunstone Hotel Investors in a report on Thursday, September 21st. BidaskClub downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Finally, Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. Sunstone Hotel Investors has a consensus rating of “Hold” and an average price target of $15.89.

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, topping the consensus estimate of $0.13 by $0.18. The company had revenue of $303.91 million during the quarter, compared to the consensus estimate of $299.90 million. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.26%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share.

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Institutional investors and hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. boosted its position in Sunstone Hotel Investors by 6.0% during the first quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 449 shares during the last quarter. Breton Hill Capital Ltd. boosted its position in Sunstone Hotel Investors by 14.9% during the second quarter. Breton Hill Capital Ltd. now owns 13,100 shares of the real estate investment trust’s stock valued at $211,000 after acquiring an additional 1,700 shares during the last quarter. Utah Retirement Systems boosted its position in Sunstone Hotel Investors by 3.1% during the second quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 400 shares during the last quarter. GSA Capital Partners LLP bought a new stake in Sunstone Hotel Investors during the second quarter valued at $243,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sunstone Hotel Investors by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 1,613 shares during 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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