What To Know About Compass Point's Downgrade of Sunstone Hotel Invts

Compass Point downgraded its rating of Sunstone Hotel Invts SHO to Sell with a price target of $9.00, changing its price target from $12.00 to $9.00.

Shares of Sunstone Hotel Invts are trading down 3.87% over the last 24 hours, at $9.19 per share.

A move to $9.00 would account for a 2.07% decrease from the current share price.

About Sunstone Hotel Invts

Sunstone Hotel Investors Inc is a real estate investment trust that acquires, owns, manages, and renovates the full-service hotel and select-service hotel properties across various states in the United States. The firm's portfolio consists primarily of urban, upper-upscale hotels. The vast majority of these hotels are managed under Marriott, Hilton, Fairmont, and Sheraton brands. Regionally, the company's assets are located in its California, Other West, Midwest, and East geographical segments within the U.S. The majority of the company's revenue is derived from its Eastern operations, closely followed by its Californian operations. Sunstone's sole source of income is hotel revenue from its hotel ownership segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.