Sunstone Hotel (SHO) Gets a Hold Rating from Evercore ISI
In a report released today, Richard Hightower from Evercore ISI maintained a Hold rating on Sunstone Hotel (SHO), with a price target of $15.00. The company’s shares closed last Monday at $13.34.
Hightower has an average return of 53.0% when recommending Sunstone Hotel.
According to TipRanks.com, Hightower is ranked #2180 out of 5925 analysts.
Sunstone Hotel has an analyst consensus of Moderate Sell, with a price target consensus of $14.00, which is a 3.9% upside from current levels. In a report released yesterday, Deutsche Bank also maintained a Hold rating on the stock with a $15.00 price target.
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Based on Sunstone Hotel’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $44.42 million. In comparison, last year the company had a net profit of $75.96 million.
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Sunstone Hotel Investors, Inc. is a real estate investment trust, which engages in the acquisition, ownership, asset management and renovation 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.