Tibra Equities Europe Ltd Purchases Shares of 22,100 Sunstone Hotel Investors Inc (NYSE:SHO)

Tibra Equities Europe Ltd purchased a new stake in Sunstone Hotel Investors Inc (NYSE:SHO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 22,100 shares of the real estate investment trust’s stock, valued at approximately $304,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mackay Shields LLC increased its holdings in shares of Sunstone Hotel Investors by 120.0% in the third quarter. Mackay Shields LLC now owns 655,319 shares of the real estate investment trust’s stock valued at $9,004,000 after buying an additional 357,498 shares in the last quarter. ARP Americas LP increased its holdings in shares of Sunstone Hotel Investors by 513.5% in the third quarter. ARP Americas LP now owns 73,477 shares of the real estate investment trust’s stock valued at $1,010,000 after buying an additional 61,500 shares in the last quarter. California Public Employees Retirement System increased its holdings in shares of Sunstone Hotel Investors by 20.5% in the third quarter. California Public Employees Retirement System now owns 633,362 shares of the real estate investment trust’s stock valued at $8,702,000 after buying an additional 107,897 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Sunstone Hotel Investors by 10.4% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 297,862 shares of the real estate investment trust’s stock valued at $4,093,000 after buying an additional 28,002 shares in the last quarter. Finally, Dupont Capital Management Corp bought a new position in shares of Sunstone Hotel Investors in the third quarter valued at $358,000.

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

Sunstone Hotel Investors (NYSE:SHO) last announced its 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). Sunstone Hotel Investors had a net margin of 15.10% and a return on equity of 6.71%. The firm had revenue of $281.64 million for the quarter, compared to analyst estimates of $278.57 million. During the same period last year, the firm earned $0.30 earnings per share. Sunstone Hotel Investors’s revenue for the quarter was down 2.7% compared to the same quarter last year. Research analysts predict that Sunstone Hotel Investors Inc will post 1.11 EPS for the current year.

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

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

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