The stock of Sunstone Hotel Investors Inc (NYSE:SHO) hit a new 52-week high and has $15.78 target or 6.00% above today’s $14.89 share price. The 5 months bullish chart indicates low risk for the $3.25 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $15.78 price target is reached, the company will be worth $195.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 4.07 million shares traded hands or 76.19% up from the average. Sunstone Hotel Investors Inc (NYSE:SHO) has risen 11.08% since April 28, 2016 and is uptrending. It has outperformed by 5.15% the S&P500.
Analysts await Sunstone Hotel Investors Inc (NYSE:SHO) to report earnings on February, 27. They expect $0.26 EPS, down 13.33% or $0.04 from last year’s $0.3 per share. SHO’s profit will be $56.75 million for 14.32 P/E if the $0.26 EPS becomes a reality. After $0.34 actual EPS reported by Sunstone Hotel Investors Inc for the previous quarter, Wall Street now forecasts -23.53% negative EPS growth.
Sunstone Hotel Investors Inc (NYSE:SHO) Ratings Coverage
Out of 11 analysts covering Sunstone Hotel Investors Inc (NYSE:SHO), 6 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 55% are positive. Sunstone Hotel Investors Inc has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Bank of America downgraded Sunstone Hotel Investors Inc (NYSE:SHO) on Tuesday, July 21 to “Underperform” rating. On Wednesday, August 12 the stock rating was upgraded by Barclays Capital to “Equal-Weight”. The firm earned “Hold” rating on Monday, September 7 by Evercore. The stock of Sunstone Hotel Investors Inc (NYSE:SHO) has “Neutral” rating given on Monday, August 22 by Citigroup. FBR Capital maintained it with “Outperform” rating and $15 target price in Thursday, November 3 report. The firm earned “Hold” rating on Monday, March 21 by Evercore. FBR Capital initiated Sunstone Hotel Investors Inc (NYSE:SHO) on Friday, November 20 with “Outperform” rating. The firm earned “Hold” rating on Wednesday, February 24 by Canaccord Genuity. Canaccord Genuity upgraded Sunstone Hotel Investors Inc (NYSE:SHO) rating on Friday, July 15. Canaccord Genuity has “Buy” rating and $15 price target. The firm has “Outperform” rating given on Friday, January 8 by Raymond James.
According to Zacks Investment Research, “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.”
Insitutional Activity: The institutional sentiment decreased to 0.91 in Q2 2016. Its down 0.15, from 1.06 in 2016Q1. The ratio dived, as 19 funds sold all Sunstone Hotel Investors Inc shares owned while 68 reduced positions. 25 funds bought stakes while 67 increased positions. They now own 235.64 million shares or 0.73% more from 233.92 million shares in 2016Q1.
Los Angeles Equity accumulated 0% or 33,857 shares. Wolverine Asset Ltd Llc holds 0% of its portfolio in Sunstone Hotel Investors Inc (NYSE:SHO) for 18,947 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt Corporation owns 167,656 shares or 0.02% of their US portfolio. Diam Co holds 465,585 shares or 0.08% of its portfolio. Ladenburg Thalmann Financial Svcs Incorporated, a Florida-based fund reported 1,383 shares. New Mexico Educational Retirement Board owns 30,669 shares or 0.02% of their US portfolio. The Pennsylvania-based Pnc Financial Serv Group Incorporated has invested 0% in Sunstone Hotel Investors Inc (NYSE:SHO). Deutsche Retail Bank Ag, a Germany-based fund reported 8.80M shares. Cornercap Counsel holds 0.05% or 23,002 shares in its portfolio. Deere & Company accumulated 13,708 shares or 0.01% of the stock. Ny State Teachers Retirement System holds 18,100 shares or 0% of its portfolio. Smith Asset Grp Ltd Partnership has 353 shares for 0% of their US portfolio. The Illinois-based Balyasny Asset Management Limited Liability has invested 0.04% in Sunstone Hotel Investors Inc (NYSE:SHO). Albert D Mason Incorporated owns 29,292 shares or 0.21% of their US portfolio. Bancshares Of Ny Mellon holds 0.03% or 7.67 million shares in its portfolio.
Insider Transactions: Since June 14, 2016, the stock had 0 insider buys, and 4 insider sales for $1.05 million net activity. Hoffman Marc Andrew sold 10,000 shares worth $139,213. RUSSELL KEITH P had sold 10,000 shares worth $115,414. $336,978 worth of shares were sold by LEWIS THOMAS A on Wednesday, August 17. The insider Springer Robert C sold 32,998 shares worth $455,768.
More important recent Sunstone Hotel Investors Inc (NYSE:SHO) news were published by: Prnewswire.com which released: “Sunstone Hotel Investors To Participate In The Evercore ISI 2016 Real Estate …” on September 06, 2016, also Prnewswire.com published article titled: “Sunstone Hotel Investors, Inc. Prices Public Offering of 6.95% Series E …”, Prnewswire.com published: “Sunstone Hotel Investors Sells The Leasehold Interest In The 203-Room Sheraton …” on May 11, 2016. More interesting news about Sunstone Hotel Investors Inc (NYSE:SHO) was released by: Prnewswire.com and their article: “Sunstone Hotel Investors Announces Changes To The Board Of Directors” with publication date: April 29, 2016.
SHO Company Profile
Sunstone Hotel Investors, Inc., incorporated on June 28, 2004, is a self-managed and self-administered real estate investment trust (REIT). The Companyâ€™s business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Firm operates through hotel ownership segment. The Firm has interests in approximately 30 hotels, which include approximately 13,640 rooms. The Companyâ€™s hotels operate under the brands, including Marriott, Hilton, Hyatt and Fairmont. The Company’s portfolio primarily consists of urban, upper upscale hotels in the United States.
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