Wells Fargo & Company Cuts Sunstone Hotel Investors (NYSE:SHO) Price Target to $12.00

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) had its price target decreased by equities research analysts at Wells Fargo & Company from $13.00 to $12.00 in a report released on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's price objective suggests a potential upside of 12.83% from the company's current price.

A number of other equities research analysts have also issued reports on the company. Jefferies Financial Group increased their price target on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Morgan Stanley reaffirmed an "underweight" rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Sunstone Hotel Investors has a consensus rating of "Hold" and a consensus target price of $11.71.

Sunstone Hotel Investors Trading Down 5.9 %

Sunstone Hotel Investors stock traded down $0.67 during midday trading on Tuesday, reaching $10.64. 2,175,765 shares of the stock traded hands, compared to its average volume of 2,030,823. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.14 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 4.55 and a beta of 1.20. The company has a 50-day simple moving average of $11.63 and a two-hundred day simple moving average of $10.86. Sunstone Hotel Investors has a 12-month low of $9.39 and a 12-month high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. Research analysts expect that Sunstone Hotel Investors will post 0.79 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Sunstone Hotel Investors

Hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. increased its position in Sunstone Hotel Investors by 645.6% during the fourth quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust's stock worth $98,929,000 after buying an additional 7,234,862 shares during the period. GRS Advisors LLC acquired a new position in Sunstone Hotel Investors during the fourth quarter worth approximately $22,980,000. Woodline Partners LP acquired a new position in Sunstone Hotel Investors during the fourth quarter worth approximately $17,309,000. Centersquare Investment Management LLC acquired a new position in Sunstone Hotel Investors during the fourth quarter worth approximately $15,653,000. Finally, Bank of America Corp DE increased its position in Sunstone Hotel Investors by 23.0% during the fourth quarter. Bank of America Corp DE now owns 6,567,535 shares of the real estate investment trust's stock worth $77,760,000 after buying an additional 1,229,769 shares during the period. Institutional investors and hedge funds own 99.37% of the company's stock.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.