Keefe, Bruyette & Woods Reiterates Sunstone Hotel Investors Outperform (SHO)

Keefe, Bruyette & Woods reiterated its Sunstone Hotel Investors SHO Outperform rating in a research report published today. In the report, Keefe, Bruyette & Woods states, "Sunstone reported 4Q10 FFO of $0.20, above consensus of $0.17 and our $0.15 forecast. Upside was driven primarily by better results at the company's hotels, which posted 169 bps of margin expansion. In addition, SHO acquired the JW Marriott New Orleans for $94M, or 12.8x trailing EBITDA." Shares of Sunstone were trading at $11.04 at the time of posting, up 3.95% from Thursday's market close.