Public Sector Pension Investment Board Raises Stock Position in Sunstone Hotel Investors, Inc. $SHO

Public Sector Pension Investment Board grew its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 9.3% in the third quarter, Holdings Channel.com reports. The fund owned 740,961 shares of the real estate investment trust’s stock after purchasing an additional 63,047 shares during the period. Public Sector Pension Investment Board’s holdings in Sunstone Hotel Investors were worth $6,943,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SHO. Royal Bank of Canada increased its stake in Sunstone Hotel Investors by 13.9% in the 1st quarter. Royal Bank of Canada now owns 69,862 shares of the real estate investment trust’s stock valued at $658,000 after purchasing an additional 8,504 shares in the last quarter. AQR Capital Management LLC grew its holdings in Sunstone Hotel Investors by 1.6% in the first quarter. AQR Capital Management LLC now owns 83,864 shares of the real estate investment trust’s stock valued at $789,000 after purchasing an additional 1,307 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Sunstone Hotel Investors by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 119,358 shares of the real estate investment trust’s stock valued at $1,123,000 after buying an additional 3,607 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Sunstone Hotel Investors by 132.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock worth $26,231,000 after buying an additional 1,589,258 shares during the last quarter. Finally, United Services Automobile Association purchased a new stake in shares of Sunstone Hotel Investors in the 1st quarter worth about $120,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on SHO shares. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $10.00 to $11.00 in a report on Monday, January 5th. Zacks Research lowered shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Robert W. Baird restated a “neutral” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Monday, January 12th. Wall Street Zen lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $9.38.

Sunstone Hotel Investors Trading Up 1.5%

Shares of SHO opened at $9.36 on Wednesday. Sunstone Hotel Investors, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $11.51. The stock has a fifty day moving average of $9.13 and a two-hundred day moving average of $9.21. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market capitalization of $1.78 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.89 and a beta of 1.01.

Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.