In a report released today, Jeffrey Donnelly from Wells Fargo maintained a Hold rating on Sunstone Hotel (NYSE: SHO). The company’s shares opened today at $17.51, close to its 52-week high of $17.58.
According to TipRanks.com, Donnelly is a 4-star analyst with an average return of 15.0% and a 70.3% success rate. Donnelly covers the Financial sector, focusing on stocks such as Hospitality Properties, Essex Property Trust, and Simon Property.
Currently, the analyst consensus on Sunstone Hotel is Moderate Buy and the average price target is $16.83, representing a -3.9% downside.
In a report released yesterday, Jefferies also initiated coverage with a Hold rating on the stock with a $17 price target.
See today’s analyst top recommended stocks >>
Based on Sunstone Hotel’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $35.84 million. In comparison, last year the company had a net profit of $61.53 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
