GSA Capital Partners LLP Takes $579,000 Position in Sunstone Hotel Investors, Inc. $SHO

GSA Capital Partners LLP purchased a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 61,760 shares of the real estate investment trust’s stock, valued at approximately $579,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHO. Hantz Financial Services Inc. grew its holdings in shares of Sunstone Hotel Investors by 951.7% during the second 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 holdings in shares of Sunstone Hotel Investors by 210.4% in the 2nd quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,464 shares during the last quarter. CWM LLC boosted 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 valued at $70,000 after purchasing an additional 6,848 shares during the period. Cerity Partners LLC purchased a new position in Sunstone Hotel Investors during the 2nd quarter worth approximately $88,000. Finally, PNC Financial Services Group Inc. increased its position in Sunstone Hotel Investors by 16.7% during the third quarter. PNC Financial Services Group Inc. now owns 12,012 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,720 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Trading Down 1.7%

NYSE SHO opened at $9.24 on Tuesday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $1.76 billion, a P/E ratio of 11.46, a P/E/G ratio of 1.93 and a beta of 1.01. Sunstone Hotel Investors, Inc. has a 52-week low of $7.45 and a 52-week high of $10.70. The firm has a 50-day moving average price of $9.14 and a 200 day moving average price of $9.23.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SHO shares. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $10.00 to $11.00 in a research report on Monday, January 5th. Zacks Research cut shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 14th. Robert W. Baird reissued a “neutral” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a report on Monday, January 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, January 21st. Finally, Wall Street Zen cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Sunday, November 16th. Three equities research 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. Based on data from MarketBeat.com, Sunstone Hotel Investors presently has a consensus rating of “Hold” and a consensus target price 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.