Sunstone Hotel Investors, Inc. (NYSE:SHO) registered a 0.95% increase, still its new closing price is 43.14% up from the company’s 1 year high of 15.69.It posted -2.69% losses in previous 5 sessions and is now the subject of 8 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 3 buy or better ratings. The 14 stock analysts following this company have an average price target at $14.85, with individual PT in the $12.00-$17.00 range. The shares moved at $14.85, implying that brokerage firms see shares gaining about 37.94% in twelve months time.
Sunstone Hotel Investors, Inc. (SHO) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a -2.62% fall year to date. A COO at Sunstone Hotel Investors, Inc. (SHO) offloaded shares in a transaction closed on Monday August 29, 2016. Hoffman Marc Andrew sold 10,000 shares in the company at $13.92 each and collected $139,000 in proceeds. Hoffman Marc Andrew now owns 236,709 shares in the company after this transaction. A Director in the company, LEWIS THOMAS A, disclosed a transaction on Wednesday August 17, 2016 that ended up generating $337,000 from the sale of 25,000 shares at $13.48 per share.
Sunstone Hotel Investors, Inc. (NYSE:SHO) Upcoming Results on Tap
Sunstone Hotel Investors, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.41 in that period. Sales during the quarter are predicted to arrive at $272.46 million.
Earnings surprise history: Last quarter, the company posted approximately $303.3 million in revenue and EPS of $0.33. The mean forecast was for $306.82 million and $0.32 a share, respectively. One quarter earlier, revenue for the stock was at $322.16 million, with earnings at $0.39/share.
Sunstone Hotel Investors, Inc. (SHO) Brokerage Update
Sunstone Hotel Investors, Inc. (SHO) is in Robert W. Baird’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Outperform by Robert W. Baird, according to news reported on Wednesday January 11, 2017.Another important research note was issued by FBR & Co. on Wednesday January 04, 2017.The firm downgraded SHO to Mkt Perform from Outperform. Over the last six months and over the last three months, the shares of Sunstone Hotel Investors, Inc. (SHO), have changed 16.21% and 25.07%, respectively.