Sunstone Hotel Gets a Buy Rating from Boenning & Scattergood


Boenning & Scattergood analyst Floris van Dijkum reiterated a Buy rating on Sunstone Hotel (NYSE: SHO) today. The company’s shares closed yesterday at $16.38.

van Dijkum observed:

“We raise our price target to $17 due to the SHO shares reaching our estimated NAV.”

According to TipRanks.com, Dijkum is a 3-star analyst with an average return of 1.7% and a 53.9% success rate. Dijkum covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Retail Properties of America Inc, and General Growth Properties Inc.

Sunstone Hotel has an analyst consensus of Moderate Buy, with a price target consensus of $16.50.

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Based on Sunstone Hotel’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $36.02 million. In comparison, last year the company had a net profit of $61.53 million.

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Sunstone Hotel Investors, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and development of hotels and resorts. It operates under the following brands: Marriott, Hilton, and Hyatt. The company was founded by Robert A. Alter in 1985 and is headquartered in Aliso Viejo, CA.

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