ClariVest Asset Management LLC increased its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 196,500 shares of the real estate investment trust’s stock after buying an additional 6,500 shares during the period. ClariVest Asset Management LLC owned about 0.09% of Sunstone Hotel Investors worth $3,158,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Sunstone Hotel Investors by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after buying an additional 1,619,745 shares during the period. BlackRock Inc. increased its stake in Sunstone Hotel Investors by 1.3% during the 2nd quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock worth $319,172,000 after buying an additional 255,552 shares during the period. Principal Financial Group Inc. increased its stake in Sunstone Hotel Investors by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock worth $206,238,000 after buying an additional 431,187 shares during the period. State Street Corp increased its stake in Sunstone Hotel Investors by 2.6% during the 2nd quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock worth $140,687,000 after buying an additional 217,834 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Sunstone Hotel Investors by 4.7% during the 3rd quarter. Bank of New York Mellon Corp now owns 6,015,386 shares of the real estate investment trust’s stock worth $96,667,000 after buying an additional 269,167 shares during the period.

Several research analysts have weighed in on the stock. Robert W. Baird set a $17.00 price objective on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a report on Monday, October 23rd. FBR & Co reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. BidaskClub downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $15.89.

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Shares of Sunstone Hotel Investors, Inc. (NYSE SHO) traded down $0.13 during trading hours on Tuesday, reaching $16.26. 1,253,200 shares of the company’s stock were exchanged, compared to its average volume of 1,934,560. Sunstone Hotel Investors, Inc. has a 12-month low of $13.52 and a 12-month high of $17.15. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40. The company has a market cap of $3,693.02, a price-to-earnings ratio of 13.43, a P/E/G ratio of 2.74 and a beta of 1.11.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.18. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The company had revenue of $303.91 million for the quarter, compared to the consensus estimate of $299.90 million. During the same period in the prior year, the company posted $0.33 EPS. The company’s revenue was up .2% compared to the same quarter last year. analysts expect that Sunstone Hotel Investors, Inc. will post 1.2 EPS for the current year.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

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

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