Sunstone Hotel Investors Inc Stock News

Peregrine Capital Management LLC trimmed its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,133,836 shares of the real estate investment trusts stock after selling 18,026 shares during the period. []

Sumitomo Mitsui Trust Holdings Inc. reduced its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 13.6% in the third quarter, Holdings Channel reports. The firm owned 481,638 shares of the real estate investment trusts stock after selling 76,014 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.s holdings in Sunstone Hotel Investors were []

Westpac Banking Corp lowered its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 5.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 350,385 shares of the real estate investment trusts stock after selling 20,885 shares during the quarter. Westpac Banking Corps holdings in Sunstone Hotel Investors were worth $4,184,000 as of its []

Brokerages predict that Sunstone Hotel Investors, Inc. (NYSE:SHO) will report $181.76 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Sunstone Hotel Investors’ earnings, with estimates ranging from $150.40 million to $218.00 million. Sunstone Hotel Investors posted sales of $37.36 million during the same quarter last year, […]

Sunstone Hotel Investors, Inc. - Investment analysts at Truist Securiti boosted their Q4 2021 earnings per share estimates for shares of Sunstone Hotel Investors in a report

IRVINE, Calif. , Dec. 6, 2021 /PRNewswire/ -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO ), the owner of Long-Term Relevant Real Estate® in the hospitality sector, announced today that it completed the previously announced sale of the Embassy Suites La Jolla and the previously announced acquisition of Four Seasons Resort Napa Valley ("Four Seasons Napa"). On December 2, 2021 , the Company sold the 340-room Embassy Suites La Jolla for a contractual sale price of $226.7 million or approximately $667,000 per key. The sale price represents a 22.3x multiple on 2019 Hotel Adjusted EBITDA re and a 4.0% cap rate on 2019 Hotel Net Operating Income. A portion of the funds from the … Full story available on Benzinga.com

Sunstone Hotel Investors found using ticker (SHO) have now 13 analysts in total covering the stock. The consensus rating is ''Hold''. The target price ranges between 15 and 10.5 with a mean TP of 12.85. Now with the previous closing price of 11.01 this now indicates there is a potential upside of 16.7%. The day 50 moving average is 12.21 while the 200 day moving average is 12.28. The market capitalisation for the company is $2,410m. You can visit the company''s website by visiting: https://www.sunstonehotels.com [stock_market_widget type="chart" symbol="SHO" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] Sunstone Hotel Investors is a lodging real estate investment trust ("REIT") that as of the date of this release has interests in 19 hotels comprised of 9,997 rooms. Sunstone''s business is to acquire, own, asset manage and renovate or reposition 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.

Sunstone Hotel Investors (NYSE:SHO) had its price target upped by analysts at Truist from $11.00 to $12.00 in a report issued on Friday, The Fly reports. The brokerage presently has a hold rating on the real estate investment trusts stock. Truists target price suggests a potential upside of 9.19% from the stocks current price. A []

Sunstone Hotel Investors Will Weather The Storm Thanks To Its Robust Balance Sheet

Bank of America Corp DE lessened its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 25.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 524,211 shares of the real estate investment trusts stock after selling 181,248 shares during the []

State of Alaska Department of Revenue increased its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 24.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,966 shares of the real estate investment trusts stock after buying an additional 22,112 []

Tributary Capital Management LLC bought a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the third quarter, Holdings Channel reports. The firm bought 955,264 shares of the real estate investment trusts stock, valued at approximately $11,406,000. A number of other institutional investors and hedge funds have also added to or reduced their []

Wall Street brokerages expect that Sunstone Hotel Investors, Inc. (NYSE:SHO) will report $179.76 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Sunstone Hotel Investors earnings. The lowest sales estimate is $150.40 million and the highest is $214.52 million. Sunstone Hotel Investors posted sales of $37.36 million []

Goldman Sachs Group Inc. decreased its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 22.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 507,232 shares of the real estate investment trusts stock after selling 144,616 shares during the []