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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.
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Posted In: Analyst ColorPrice TargetAnalyst RatingsFinancialsKBWSpecialized REIT'sSunstone Hotel Investors
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