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.
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