In a report released on November 8, Michael Bellisario from Robert W. Baird maintained a Hold rating on Sunstone Hotel (SHO – Research Report), with a price target of $13.00. The company’s shares closed yesterday at $9.97.
Bellisario covers the Financial sector, focusing on stocks such as Pebblebrook Hotel, Sunstone Hotel, and Hersha Hospitality. According to TipRanks, Bellisario has an average return of 5.1% and a 45.73% success rate on recommended stocks.
Currently, the analyst consensus on Sunstone Hotel is a Hold with an average price target of $12.00, representing a 20.36% upside. In a report released yesterday, Compass Point also maintained a Hold rating on the stock with a $12.00 price target.
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Based on Sunstone Hotel’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $251.28 million and a net profit of $35.35 million. In comparison, last year the company earned a revenue of $117.21 million and had a GAAP net loss of $27.32 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.
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