William Blair Investment Management LLC Acquires 245,256 Shares of Sunstone Hotel Investors Inc (SHO)

William Blair Investment Management LLC increased its holdings in shares of Sunstone Hotel Investors Inc (NYSE:SHO) by 28.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,093,757 shares of the real estate investment trust’s stock after acquiring an additional 245,256 shares during the quarter. William Blair Investment Management LLC owned about 0.48% of Sunstone Hotel Investors worth $17,894,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of SHO. Point72 Hong Kong Ltd acquired a new position in Sunstone Hotel Investors in the 2nd quarter valued at about $118,000. Qube Research & Technologies Ltd acquired a new position in Sunstone Hotel Investors in the 2nd quarter valued at about $128,000. Campbell & CO Investment Adviser LLC acquired a new position in Sunstone Hotel Investors in the 3rd quarter valued at about $164,000. First Hawaiian Bank acquired a new position in Sunstone Hotel Investors in the 3rd quarter valued at about $166,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Sunstone Hotel Investors in the 2nd quarter valued at about $180,000.

Several equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Tuesday, October 16th. Deutsche Bank set a $16.00 target price on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a report on Tuesday, November 6th. Finally, Wells Fargo & Co reduced their price target on shares of Sunstone Hotel Investors from $17.50 to $16.00 and set a “market perform” rating on the stock in a research note on Thursday, November 15th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $17.00.

Sunstone Hotel Investors stock opened at $14.81 on Wednesday. The company has a market capitalization of $3.48 billion, a PE ratio of 12.14, a P/E/G ratio of 3.00 and a beta of 1.12. Sunstone Hotel Investors Inc has a 1 year low of $13.67 and a 1 year high of $17.60. The company has a current ratio of 6.36, a quick ratio of 6.35 and a debt-to-equity ratio of 0.39.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.10. The business had revenue of $289.30 million for the quarter, compared to the consensus estimate of $291.19 million. Sunstone Hotel Investors had a net margin of 16.56% and a return on equity of 7.84%. The business’s revenue was down 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.31 EPS. On average, research analysts forecast that Sunstone Hotel Investors Inc will post 1.15 EPS for the current year.

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Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of November 5, 2018 has interests in 22 hotels comprised of 11,176 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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

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