Public Employees Retirement System of Ohio Has $4.45 Million Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Public Employees Retirement System of Ohio increased its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 8.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276,094 shares of the real estate investment trust’s stock after buying an additional 21,161 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.12% of Sunstone Hotel Investors worth $4,451,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its position in Sunstone Hotel Investors by 3.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 609 shares during the period. Global Endowment Management LP bought a new position in shares of Sunstone Hotel Investors in the second quarter worth $3,096,000. Legal & General Group Plc increased its position in shares of Sunstone Hotel Investors by 22.7% in the second quarter. Legal & General Group Plc now owns 671,442 shares of the real estate investment trust’s stock worth $10,829,000 after purchasing an additional 124,144 shares during the period. C M Bidwell & Associates Ltd. increased its position in shares of Sunstone Hotel Investors by 51.9% in the second quarter. C M Bidwell & Associates Ltd. now owns 20,790 shares of the real estate investment trust’s stock worth $335,000 after purchasing an additional 7,100 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of Sunstone Hotel Investors by 4.5% in the second quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after purchasing an additional 1,619,745 shares during the period.

Sunstone Hotel Investors, Inc. (SHO) traded down $0.02 during midday trading on Friday, hitting $16.52. The stock had a trading volume of 807,300 shares, compared to its average volume of 1,954,009. Sunstone Hotel Investors, Inc. has a 52-week low of $13.47 and a 52-week high of $17.15. The company has a market capitalization of $3,726.82, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 2.77 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.75 and a current ratio of 4.76.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The business had revenue of $303.91 million during the quarter, compared to the consensus estimate of $299.90 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. Sunstone Hotel Investors’s revenue was up .2% compared to the same quarter last year. equities analysts expect that Sunstone Hotel Investors, Inc. will post 1.2 EPS for the current year.

A number of research analysts recently commented on the company. Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. BidaskClub lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. FBR & Co reaffirmed a “hold” rating on shares of Sunstone Hotel Investors in a research note on Tuesday, October 31st. Finally, Robert W. Baird reissued a “hold” rating and set a $17.00 price target on shares of Sunstone Hotel Investors in a research note on Thursday, September 21st. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company’s stock. Sunstone Hotel Investors currently has an average rating of “Hold” and an average target price of $15.89.

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About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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