Asset Management One Co. Ltd. Sells 11,216 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Asset Management One Co. Ltd. trimmed its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 508,932 shares of the real estate investment trust’s stock after selling 11,216 shares during the period. Asset Management One Co. Ltd. owned about 0.25% of Sunstone Hotel Investors worth $6,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHO. GAMMA Investing LLC grew its position in shares of Sunstone Hotel Investors by 114.1% in the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,743 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Sunstone Hotel Investors in the 3rd quarter worth approximately $59,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Sunstone Hotel Investors by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 1,937 shares in the last quarter. KBC Group NV boosted its stake in Sunstone Hotel Investors by 55.4% in the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 3,249 shares in the last quarter. Finally, Longboard Asset Management LP acquired a new stake in Sunstone Hotel Investors in the 4th quarter worth approximately $141,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Performance

SHO opened at $11.45 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a fifty day moving average price of $11.70 and a 200 day moving average price of $10.85. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $12.41. The stock has a market cap of $2.30 billion, a P/E ratio of 15.06, a P/E/G ratio of 3.78 and a beta of 1.20.

Analyst Ratings Changes

A number of analysts recently commented on SHO shares. Jefferies Financial Group lifted their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their price objective on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Morgan Stanley restated an “underweight” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.71.

About Sunstone Hotel Investors

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.