In a report released yesterday, Michael Bellisario from Robert W. Baird maintained a Hold rating on Sunstone Hotel (SHO – Research Report), with a price target of $14.00. The company’s shares closed last Thursday at $11.39.
According to TipRanks.com, Bellisario is a 4-star analyst with an average return of 12.0% and a 63.9% success rate. Bellisario covers the Financial sector, focusing on stocks such as Braemar Hotels & Resorts, Summit Hotel Properties, and Xenia Hotels & Resorts.
Currently, the analyst consensus on Sunstone Hotel is a Hold with an average price target of $12.44, a 9.1% upside from current levels. In a report issued on March 15, Truist Financial also maintained a Hold rating on the stock with a $11.00 price target.
Sunstone Hotel’s market cap is currently $2.52B and has a P/E ratio of 205.36.
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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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