Van ECK Associates Corp Boosts Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Van ECK Associates Corp boosted its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,526 shares of the real estate investment trust’s stock after acquiring an additional 3,570 shares during the period. Van ECK Associates Corp’s holdings in Sunstone Hotel Investors were worth $456,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of SHO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Sunstone Hotel Investors by 460.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,414,372 shares of the real estate investment trust’s stock valued at $14,596,000 after acquiring an additional 1,161,792 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Sunstone Hotel Investors by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock valued at $49,284,000 after acquiring an additional 1,130,558 shares during the last quarter. Heitman Real Estate Securities LLC lifted its position in Sunstone Hotel Investors by 976.5% during the third quarter. Heitman Real Estate Securities LLC now owns 1,238,002 shares of the real estate investment trust’s stock valued at $12,776,000 after acquiring an additional 1,123,001 shares during the last quarter. NFJ Investment Group LLC purchased a new stake in Sunstone Hotel Investors during the third quarter valued at approximately $3,220,000. Finally, Barclays PLC lifted its position in Sunstone Hotel Investors by 304.9% during the third quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust’s stock valued at $3,540,000 after acquiring an additional 258,302 shares during the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Jefferies Financial Group upped their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Morgan Stanley restated an “underweight” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sunstone Hotel Investors currently has an average rating of “Hold” and an average target price of $11.71.

Sunstone Hotel Investors Stock Down 5.9 %

NYSE:SHO opened at $10.64 on Friday. The firm has a market capitalization of $2.14 billion, a P/E ratio of 13.99, a PEG ratio of 4.52 and a beta of 1.20. Sunstone Hotel Investors, Inc. has a 1-year low of $9.39 and a 1-year high of $12.41. The company’s fifty day moving average price is $11.63 and its 200-day moving average price is $10.87. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98.

Sunstone Hotel Investors (NYSE:SHO) last released 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. The firm had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. As a group, equities research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors 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.