Sunstone Hotel Investors (NYSE:SHO) Sees Large Volume Increase – Still a Buy?

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) saw an uptick in trading volume on Tuesday . 1,441,594 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 2,011,238 shares.The stock last traded at $10.55 and had previously closed at $10.89.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SHO. Wells Fargo & Company upgraded Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 target price on the stock in a report on Friday, September 13th. StockNews.com cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus price target of $11.42.

Sunstone Hotel Investors Price Performance

The business has a fifty day simple moving average of $10.32 and a 200-day simple moving average of $10.25. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.75 and a current ratio of 3.75. The stock has a market capitalization of $2.14 billion, a P/E ratio of 13.28, a PEG ratio of 6.29 and a beta of 1.25.

Hedge Funds Weigh In On Sunstone Hotel Investors

Large investors have recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in Sunstone Hotel Investors by 20.1% in the 1st quarter. BNP Paribas Financial Markets now owns 109,137 shares of the real estate investment trust’s stock valued at $1,216,000 after buying an additional 18,240 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Sunstone Hotel Investors by 6.2% during the 1st quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 1,215 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Sunstone Hotel Investors during the 1st quarter valued at about $1,657,000. Sei Investments Co. raised its holdings in shares of Sunstone Hotel Investors by 21.6% during the 1st quarter. Sei Investments Co. now owns 156,229 shares of the real estate investment trust’s stock valued at $1,740,000 after buying an additional 27,743 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Sunstone Hotel Investors by 572.0% in the 1st quarter. Russell Investments Group Ltd. now owns 219,000 shares of the real estate investment trust’s stock worth $2,440,000 after purchasing an additional 186,413 shares during the period. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.