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. “
Separately, Deutsche Bank reissued a “hold” rating and set a $16.00 target price on shares of Sunstone Hotel Investors in a research report on Thursday, February 14th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $16.83.
Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02. The business had revenue of $280.85 million during the quarter, compared to the consensus estimate of $275.14 million. Sunstone Hotel Investors had a net margin of 21.61% and a return on equity of 10.02%. The company’s revenue for the quarter was down 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. On average, sell-side analysts expect that Sunstone Hotel Investors will post 1.07 EPS for the current year.
Institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new position in shares of Sunstone Hotel Investors during the 1st quarter worth approximately $76,000. Nisa Investment Advisors LLC boosted its holdings in shares of Sunstone Hotel Investors by 6,800.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 6,900 shares of the real estate investment trust’s stock worth $90,000 after buying an additional 6,800 shares in the last quarter. Hartford Investment Management Co. bought a new position in shares of Sunstone Hotel Investors during the 4th quarter worth approximately $131,000. Oppenheimer & Co. Inc. bought a new position in shares of Sunstone Hotel Investors during the 4th quarter worth approximately $135,000. Finally, Quantamental Technologies LLC bought a new position in shares of Sunstone Hotel Investors during the 4th quarter worth approximately $142,000.
About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 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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