Public Employees Retirement System of Ohio cut its position in shares of Sunstone Hotel Investors Inc (NYSE:SHO) by 7.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 368,134 shares of the real estate investment trust’s stock after selling 29,621 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Sunstone Hotel Investors were worth $5,058,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of SHO. PGGM Investments lifted its position in Sunstone Hotel Investors by 5.3% during the second quarter. PGGM Investments now owns 13,134,753 shares of the real estate investment trust’s stock valued at $180,077,000 after buying an additional 662,146 shares during the period. Nuveen Asset Management LLC boosted its holdings 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. JPMorgan Chase & Co. grew its position in shares of Sunstone Hotel Investors by 23.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,243,326 shares of the real estate investment trust’s stock worth $85,470,000 after buying an additional 1,189,189 shares during the period. Northern Trust Corp grew its position in shares of Sunstone Hotel Investors by 6.5% in the 2nd quarter. Northern Trust Corp now owns 6,078,509 shares of the real estate investment trust’s stock worth $83,336,000 after buying an additional 370,592 shares during the period. Finally, Renaissance Technologies LLC increased its stake in shares of Sunstone Hotel Investors by 72.8% in the 2nd quarter. Renaissance Technologies LLC now owns 5,259,517 shares of the real estate investment trust’s stock worth $72,108,000 after acquiring an additional 2,215,900 shares in the last quarter.

Several research firms recently commented on SHO. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. ValuEngine raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. 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 for the company in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $14.25.

Shares of NYSE:SHO opened at $13.91 on Wednesday. Sunstone Hotel Investors Inc has a 1-year low of $12.54 and a 1-year high of $15.49. The company has a debt-to-equity ratio of 0.41, a current ratio of 6.39 and a quick ratio of 6.39. The business has a fifty day moving average price of $13.83 and a 200-day moving average price of $13.60. The company has a market capitalization of $3.13 billion, a PE ratio of 11.89, a PEG ratio of 2.12 and a beta of 1.02.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.16). The company had revenue of $281.64 million during the quarter, compared to analysts’ expectations of $278.57 million. Sunstone Hotel Investors had a return on equity of 6.71% and a net margin of 15.10%. Sunstone Hotel Investors’s revenue for the quarter was down 2.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS. On average, sell-side analysts anticipate that Sunstone Hotel Investors Inc will post 1.1 earnings per share for the current fiscal year.

Sunstone Hotel Investors Company Profile

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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