Sunstone Hotel (SHO) Receives a Hold from Raymond James

Raymond James analyst William Crow maintained a Hold rating on Sunstone Hotel (SHOResearch Report) yesterday. The company’s shares closed last Tuesday at $12.71, close to its 52-week high of $13.74.

According to TipRanks.com, Crow is a 4-star analyst with an average return of 13.5% and a 69.6% success rate. Crow covers the Financial sector, focusing on stocks such as Washington Real Estate Investment, Easterly Government Properties, and Corporate Office Properties.

Currently, the analyst consensus on Sunstone Hotel is a Hold with an average price target of $12.33, representing a -5.7% downside. In a report issued on April 28, Deutsche Bank 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 December 31, the company reported a quarterly revenue of $37.36 million and GAAP net loss of $38 million. In comparison, last year the company earned revenue of $273 million and had a net profit of $44.42 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SHO in relation to earlier this year.

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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.