Principal Financial Group Inc. Lowers Stake in Sunstone Hotel Investors, Inc. $SHO

Principal Financial Group Inc. lessened its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 30.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 917,696 shares of the real estate investment trust’s stock after selling 399,728 shares during the quarter. Principal Financial Group Inc. owned approximately 0.48% of Sunstone Hotel Investors worth $8,599,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. Hantz Financial Services Inc. lifted its stake in shares of Sunstone Hotel Investors by 951.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 2,722 shares during the last quarter. Assetmark Inc. lifted its position in shares of Sunstone Hotel Investors by 210.4% during the second quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 2,464 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Sunstone Hotel Investors by 46.8% in the 2nd quarter. Blue Trust Inc. now owns 6,544 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 2,087 shares in the last quarter. CWM LLC grew its position in shares of Sunstone Hotel Investors by 579.8% in the 2nd quarter. CWM LLC now owns 8,029 shares of the real estate investment trust’s stock worth $70,000 after buying an additional 6,848 shares during the last quarter. Finally, Cerity Partners LLC bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $88,000. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Stock Up 0.5%

Sunstone Hotel Investors stock opened at $9.22 on Friday. The business’s 50-day simple moving average is $9.11 and its two-hundred day simple moving average is $9.20. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market cap of $1.75 billion, a PE ratio of 11.18, a PEG ratio of 1.88 and a beta of 1.01. Sunstone Hotel Investors, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $11.51.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SHO. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, January 21st. Robert W. Baird reissued a “neutral” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Monday, January 12th. Zacks Research lowered Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Wall Street Zen cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Sunday, November 16th. Finally, Wells Fargo & Company upgraded Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $10.00 to $11.00 in a research note on Monday, January 5th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Sunstone Hotel Investors currently has an average rating of “Hold” and an average price target of $9.38.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.