The stock of Sunstone Hotel Investors Inc (NYSE:SHO) is a huge mover today! Sunstone Hotel Investors Inc (NYSE:SHO) has declined 4.78% since March 1, 2016 and is downtrending. It has underperformed by 14.02% the S&P500.
The move comes after 5 months positive chart setup for the $2.77B company. It was reported on Oct, 4 by Barchart.com. We have $19.61 PT which if reached, will make NYSE:SHO worth $1.52 billion more.
Analysts await Sunstone Hotel Investors Inc (NYSE:SHO) to report earnings on November, 3. They expect $0.32 EPS, down 11.11% or $0.04 from last year’s $0.36 per share. SHO’s profit will be $70.07 million for 9.88 P/E if the $0.32 EPS becomes a reality. After $0.39 actual EPS reported by Sunstone Hotel Investors Inc for the previous quarter, Wall Street now forecasts -17.95% 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 19 analyst reports since July 21, 2015 according to StockzIntelligence Inc. As per Wednesday, August 12, the company rating was upgraded by Barclays Capital. Evercore downgraded the shares of SHO in a report on Monday, March 21 to “Hold” rating. Canaccord Genuity maintained the shares of SHO in a report on Wednesday, February 24 with “Hold” rating. The firm earned “Hold” rating on Monday, August 10 by Canaccord Genuity. The rating was maintained by Citigroup on Monday, August 22 with “Neutral”. Jefferies initiated the shares of SHO in a report on Thursday, February 18 with “Buy” rating. The stock of Sunstone Hotel Investors Inc (NYSE:SHO) earned “Underweight” rating by Morgan Stanley on Monday, September 26. The company was upgraded on Friday, July 15 by Canaccord Genuity. The firm has “Outperform” rating given on Friday, January 8 by Raymond James. The stock of Sunstone Hotel Investors Inc (NYSE:SHO) has “Hold” rating given on Monday, September 7 by Evercore.
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 1.06 in 2016 Q2. Its down 0.56, from 1.62 in 2016Q1. The ratio is negative, 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.
Sumitomo Mitsui accumulated 0% or 159,625 shares. Teachers Retirement Of The State Of Kentucky holds 0.02% or 94,717 shares in its portfolio. Blackrock Japan Company, a Japan-based fund reported 12,922 shares. Veritable Lp last reported 30,770 shares in the company. Kistler holds 0% of its portfolio in Sunstone Hotel Investors Inc (NYSE:SHO) for 365 shares. Clinton Group owns 357,671 shares or 0.19% of their US portfolio. Tower Rech Cap Ltd Co (Trc) owns 16,832 shares or 0.02% of their US portfolio. Moreover, Hightower Advsrs Limited Liability has 0% invested in Sunstone Hotel Investors Inc (NYSE:SHO) for 14,739 shares. Pggm Invs, a Netherlands-based fund reported 4.85M shares. New York State Common Retirement Fund holds 463,859 shares or 0.01% of its portfolio. Amica Pension Fund Board Of Trustees last reported 0.06% of its portfolio in the stock. Cornerstone Capital Mngmt Hldg Ltd Limited Liability Company holds 0.02% of its portfolio in Sunstone Hotel Investors Inc (NYSE:SHO) for 230,002 shares. Amer Intl Gp last reported 125,189 shares in the company. Westpac Bk accumulated 0% or 792,635 shares. Allianz Asset Management Ag accumulated 35,325 shares or 0% of the stock.
Insider Transactions: Since May 3, 2016, the stock had 0 insider buys, and 5 sales for $1.49 million net activity. Sloan David Ryan sold $438,000 worth of Sunstone Hotel Investors Inc (NYSE:SHO) on Tuesday, May 3. Springer Robert C had sold 32,998 shares worth $455,768 on Monday, August 15. The insider LEWIS THOMAS A sold $336,978. 10,000 shares with value of $115,414 were sold by RUSSELL KEITH P on Tuesday, June 14. Hoffman Marc Andrew sold 10,000 shares worth $139,213.
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, Inc. Prices Public Offering of 6.45% Series F …” on May 10, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.