SG Americas Securities LLC trimmed its holdings in Sunstone Hotel Investors Inc (NYSE:SHO) by 38.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,087 shares of the real estate investment trust’s stock after selling 68,746 shares during the quarter. SG Americas Securities LLC owned 0.05% of Sunstone Hotel Investors worth $897,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of SHO. Man Group plc boosted its holdings in Sunstone Hotel Investors by 53.4% in the fourth quarter. Man Group plc now owns 373,900 shares of the real estate investment trust’s stock valued at $5,205,000 after purchasing an additional 130,200 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Sunstone Hotel Investors by 4.2% in the fourth quarter. Geode Capital Management LLC now owns 4,656,669 shares of the real estate investment trust’s stock valued at $64,820,000 after purchasing an additional 186,004 shares during the last quarter. Norges Bank purchased a new stake in Sunstone Hotel Investors in the fourth quarter valued at $43,215,000. Nuveen Asset Management LLC boosted its holdings in Sunstone Hotel Investors by 30.3% in the fourth quarter. Nuveen Asset Management LLC now owns 6,006,552 shares of the real estate investment trust’s stock valued at $83,611,000 after purchasing an additional 1,395,256 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Sunstone Hotel Investors by 7.3% in the fourth quarter. Franklin Resources Inc. now owns 3,391,655 shares of the real estate investment trust’s stock worth $47,212,000 after acquiring an additional 229,600 shares during the period.
In other Sunstone Hotel Investors news, Director W Blake Baird acquired 5,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was bought at an average price of $7.18 per share, for a total transaction of $35,900.00. Following the acquisition, the director now owns 44,857 shares in the company, valued at $322,073.26. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.
SHO opened at $7.48 on Friday. The company has a market cap of $1.61 billion, a PE ratio of -27.70 and a beta of 1.08. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 0.58. Sunstone Hotel Investors Inc has a twelve month low of $5.75 and a twelve month high of $14.47. The company has a 50-day moving average price of $8.10 and a 200 day moving average price of $9.67.
Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Friday, May 8th. The real estate investment trust reported ($0.01) EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.14). The business had revenue of $191.21 million during the quarter, compared to analyst estimates of $209.65 million. Sunstone Hotel Investors had a negative net margin of 3.88% and a negative return on equity of 1.69%. The firm’s revenue was down 25.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.21 EPS. As a group, sell-side analysts expect that Sunstone Hotel Investors Inc will post -0.43 earnings per share for the current year.
A number of brokerages have weighed in on SHO. SunTrust Banks downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, July 24th. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Wednesday, June 24th. Deutsche Bank reiterated a “hold” rating and issued a $10.00 price objective (down previously from $11.00) on shares of Sunstone Hotel Investors in a research report on Tuesday, May 19th. Morgan Stanley upgraded shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $7.00 to $8.00 in a research report on Wednesday. Finally, Wells Fargo & Co decreased their price objective on shares of Sunstone Hotel Investors from $12.00 to $9.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.57.
Sunstone Hotel Investors 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 Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
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