KBW is out with its report on Sunstone Hotel Investors SHO, maintaining Outperform.
In a note to clients, KBW writes, "SHO provided its March business update and expects 1Q same-store RevPAR growth of 5.4%. The company also announced the acquisition of the Hilton San Diego Bayfront Hotel for $475MM and the sale of the Royal Palm Miami Beach for $130MM. Management noted that consensus 2011E EBITDA is likely conservative."
KBW maintains a $12.50 PT on SHO.
Shares of SHO closed Wednesday at $10.29, up 0.78% from Tuesday's close.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorPrice TargetAnalyst RatingsFinancialsKBWSpecialized REIT'sSunstone Hotel Investors
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in