Louisiana State Employees Retirement System Has $1.15 Million Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Louisiana State Employees Retirement System lessened its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,100 shares of the real estate investment trust’s stock after selling 1,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Sunstone Hotel Investors were worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have 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% during 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 period. Harbor Capital Advisors Inc. acquired a new stake in shares of Sunstone Hotel Investors during the 3rd quarter worth approximately $59,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 worth $80,000 after buying an additional 1,937 shares during the period. KBC Group NV grew its position in shares of Sunstone Hotel Investors by 55.4% during the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 3,249 shares during the period. Finally, Longboard Asset Management LP acquired a new stake in shares of Sunstone Hotel Investors during the 4th quarter worth approximately $141,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Performance

Shares of SHO opened at $11.20 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41. The firm’s 50 day moving average price is $11.72 and its two-hundred day moving average price is $10.84. The firm has a market cap of $2.25 billion, a P/E ratio of 14.73, a PEG ratio of 3.78 and a beta of 1.20.

Analysts Set New Price Targets

Several brokerages have recently commented on SHO. Jefferies Financial Group lifted their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research report on Thursday, January 2nd. Morgan Stanley reissued an “underweight” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Finally, Wells Fargo & Company lifted their price objective on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $11.86.

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.