Index Fund Advisors Inc. Has $2.67 Million Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Index Fund Advisors Inc. trimmed its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 35.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 225,157 shares of the real estate investment trust’s stock after selling 121,325 shares during the quarter. Sunstone Hotel Investors makes up approximately 0.1% of Index Fund Advisors Inc.’s portfolio, making the stock its 22nd largest position. Index Fund Advisors Inc. owned approximately 0.11% of Sunstone Hotel Investors worth $2,666,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its position in Sunstone Hotel Investors by 114.1% during the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,743 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Sunstone Hotel Investors during the 3rd quarter valued at $59,000. Mirae Asset Global Investments Co. Ltd. increased its position 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 during the last quarter. KBC Group NV lifted its holdings 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 valued at $108,000 after buying an additional 3,249 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new position in shares of Sunstone Hotel Investors during the 4th quarter worth $141,000. 99.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Jefferies Financial Group upped their price target on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley reissued an “underweight” rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company increased their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company 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 given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $11.86.

Sunstone Hotel Investors Stock Performance

SHO opened at $11.30 on Tuesday. The stock’s 50 day simple moving average is $11.80 and its 200-day simple moving average is $10.81. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a market cap of $2.27 billion, a PE ratio of 14.86, a P/E/G ratio of 3.78 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.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business had revenue of $226.40 million during the quarter, compared to analyst estimates of $224.61 million. During the same quarter in the prior year, the company posted $0.23 EPS. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. Sell-side analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current 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.