Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. reduced its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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.’s holdings in Sunstone Hotel Investors were worth $6,097,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SHO. GAMMA Investing LLC increased its holdings in 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 acquiring an additional 1,743 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new stake in Sunstone Hotel Investors in the 3rd quarter worth $59,000. Mirae Asset Global Investments Co. Ltd. increased its holdings 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 acquiring an additional 1,937 shares in the last quarter. KBC Group NV increased its holdings 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 acquiring an additional 3,249 shares in the last quarter. Finally, Longboard Asset Management LP purchased a new stake in Sunstone Hotel Investors in the 4th quarter worth $141,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Price Performance

Sunstone Hotel Investors stock opened at $11.45 on Wednesday. Sunstone Hotel Investors, Inc. has a 52-week low of $9.39 and a 52-week high of $12.41. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 3.78 and a beta of 1.20. The company has a fifty day simple moving average of $11.70 and a 200-day simple moving average of $10.85. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44.

Analyst Upgrades and Downgrades

SHO has been the subject of several recent analyst reports. Morgan Stanley reissued an “underweight” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. 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 for the company in a report on Tuesday. Finally, Jefferies Financial Group upped their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $11.71.

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.