Green Street Investors LLC Increases Stock Position in Sunstone Hotel Investors Inc (NYSE:SHO)

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Green Street Investors LLC lifted its holdings in shares of Sunstone Hotel Investors Inc (NYSE:SHO) by 15.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 258,900 shares of the real estate investment trust’s stock after buying an additional 34,300 shares during the quarter. Sunstone Hotel Investors comprises 2.1% of Green Street Investors LLC’s investment portfolio, making the stock its 18th biggest position. Green Street Investors LLC’s holdings in Sunstone Hotel Investors were worth $3,557,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SHO. Long Pond Capital LP purchased a new stake in shares of Sunstone Hotel Investors during the 2nd quarter valued at approximately $40,343,000. Renaissance Technologies LLC lifted its stake in shares of Sunstone Hotel Investors by 72.8% during the 2nd quarter. Renaissance Technologies LLC now owns 5,259,517 shares of the real estate investment trust’s stock valued at $72,108,000 after buying an additional 2,215,900 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in shares of Sunstone Hotel Investors by 33.1% during the 2nd quarter. Nuveen Asset Management LLC now owns 7,595,524 shares of the real estate investment trust’s stock valued at $104,134,000 after buying an additional 1,890,600 shares in the last quarter. Balyasny Asset Management LLC lifted its stake in shares of Sunstone Hotel Investors by 345.4% during the 2nd quarter. Balyasny Asset Management LLC now owns 1,927,540 shares of the real estate investment trust’s stock valued at $26,427,000 after buying an additional 1,494,772 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Sunstone Hotel Investors by 23.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,243,326 shares of the real estate investment trust’s stock valued at $85,470,000 after buying an additional 1,189,189 shares in the last quarter.

NYSE SHO traded up $0.12 on Friday, hitting $13.97. The stock had a trading volume of 1,696,224 shares, compared to its average volume of 2,043,256. Sunstone Hotel Investors Inc has a 52-week low of $12.54 and a 52-week high of $15.62. The company has a debt-to-equity ratio of 0.41, a quick ratio of 6.97 and a current ratio of 6.39. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 2.16 and a beta of 1.02. The firm has a 50-day moving average of $13.69 and a 200-day moving average of $13.66.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Monday, November 4th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.16). Sunstone Hotel Investors had a return on equity of 6.71% and a net margin of 15.10%. The firm had revenue of $281.64 million during the quarter, compared to analysts’ expectations of $278.57 million. During the same quarter in the prior year, the company earned $0.30 earnings per share. The business’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, research analysts anticipate that Sunstone Hotel Investors Inc will post 1.11 earnings per share for the current fiscal year.

SHO has been the topic of a number of recent research reports. Deutsche Bank set a $15.00 price target on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Friday, August 2nd. ValuEngine upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Bank of America cut shares of Sunstone Hotel Investors from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 17th. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. lowered their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $14.25.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real EstateĀ®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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