Sunstone Hotel Investors, Inc. (SHO) Shares Sold by Virginia Retirement Systems ET AL

Virginia Retirement Systems ET AL reduced its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 68.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,300 shares of the real estate investment trust’s stock after selling 102,500 shares during the period. Virginia Retirement Systems ET AL’s holdings in Sunstone Hotel Investors were worth $744,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SHO. US Bancorp DE increased its stake in Sunstone Hotel Investors by 21.1% in the 2nd quarter. US Bancorp DE now owns 17,121 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 2,979 shares in the last quarter. Sei Investments Co. increased its stake in Sunstone Hotel Investors by 7.2% in the 2nd quarter. Sei Investments Co. now owns 559,346 shares of the real estate investment trust’s stock valued at $9,017,000 after purchasing an additional 37,644 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Sunstone Hotel Investors by 50.7% in the 2nd quarter. Canada Pension Plan Investment Board now owns 48,766 shares of the real estate investment trust’s stock valued at $786,000 after purchasing an additional 16,400 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Sunstone Hotel Investors by 12.4% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,450,050 shares of the real estate investment trust’s stock valued at $39,495,000 after purchasing an additional 270,130 shares in the last quarter. Finally, Foundry Partners LLC purchased a new position in Sunstone Hotel Investors in the 2nd quarter valued at approximately $2,882,000.

Several research firms recently weighed in on SHO. J P Morgan Chase & Co downgraded Sunstone Hotel Investors from a “neutral” rating to an “underweight” rating and set a $14.00 price objective for the company. in a research note on Thursday, November 16th. B. Riley reaffirmed a “neutral” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Boenning Scattergood reissued a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Finally, FBR & Co reissued a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.89.

Sunstone Hotel Investors, Inc. (NYSE:SHO) traded up $0.09 during trading on Friday, reaching $16.71. The company’s stock had a trading volume of 1,590,000 shares, compared to its average volume of 1,265,113. The company has a quick ratio of 4.75, a current ratio of 4.76 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $3,765.13, a P/E ratio of 13.70, a price-to-earnings-growth ratio of 2.80 and a beta of 1.11. Sunstone Hotel Investors, Inc. has a one year low of $14.15 and a one year high of $17.15.

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

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Sunstone Hotel Investors Company Profile

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.

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

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