Blue Trust Inc. Sells 15,363 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Blue Trust Inc. trimmed its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 70.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,449 shares of the real estate investment trust’s stock after selling 15,363 shares during the quarter. Blue Trust Inc.’s holdings in Sunstone Hotel Investors were worth $76,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Heritage Family Offices LLP boosted its position in Sunstone Hotel Investors by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock valued at $171,000 after acquiring an additional 969 shares in the last quarter. Vanderbilt University boosted its position in Sunstone Hotel Investors by 9.4% during the 4th quarter. Vanderbilt University now owns 14,808 shares of the real estate investment trust’s stock valued at $175,000 after acquiring an additional 1,276 shares in the last quarter. New York State Teachers Retirement System boosted its position in Sunstone Hotel Investors by 0.5% during the 3rd quarter. New York State Teachers Retirement System now owns 294,316 shares of the real estate investment trust’s stock valued at $3,037,000 after acquiring an additional 1,386 shares in the last quarter. GAMMA Investing LLC boosted its position in Sunstone Hotel Investors by 114.1% during the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,743 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Sunstone Hotel Investors by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 1,937 shares in the last quarter. 99.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently issued reports on SHO. Jefferies Financial Group lifted their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company lowered their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Sunstone Hotel Investors currently has a consensus rating of “Hold” and a consensus price target of $11.71.

Sunstone Hotel Investors Price Performance

Shares of NYSE SHO opened at $10.64 on Monday. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41. The firm has a market cap of $2.14 billion, a P/E ratio of 13.99, a PEG ratio of 4.52 and a beta of 1.20. The company has a 50 day moving average of $11.63 and a 200 day moving average of $10.88. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company had revenue of $214.77 million during the quarter, compared to analyst estimates of $211.17 million. As a group, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

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.