Sunstone Hotel Investors, Inc. (NYSE:SHO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday.

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 analysts also recently weighed in on the company. Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Monday, October 23rd. BidaskClub downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. FBR & Co reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Tuesday. Canaccord Genuity lifted their target price on Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $15.89.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a return on equity of 6.26% and a net margin of 13.78%. The company 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 company’s revenue was up .2% on a year-over-year basis.

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Several institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Sunstone Hotel Investors by 4.5% in the second quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock valued at $607,999,000 after buying an additional 1,619,745 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Sunstone Hotel Investors by 1.3% in the second quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock valued at $319,172,000 after buying an additional 255,552 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Sunstone Hotel Investors by 3.5% in the third quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock valued at $206,238,000 after buying an additional 431,187 shares in the last quarter. State Street Corp boosted its stake in shares of Sunstone Hotel Investors by 2.6% in the second quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock valued at $140,687,000 after buying an additional 217,834 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of Sunstone Hotel Investors by 8.5% in the second quarter. FMR LLC now owns 6,002,200 shares of the real estate investment trust’s stock valued at $96,755,000 after buying an additional 470,200 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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