Daiwa Securities Group Inc. decreased its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 9.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,292,034 shares of the real estate investment trust’s stock after selling 1,423,520 shares during the quarter. Sunstone Hotel Investors accounts for approximately 1.5% of Daiwa Securities Group Inc.’s holdings, making the stock its 22nd biggest holding. Daiwa Securities Group Inc. owned 5.90% of Sunstone Hotel Investors worth $213,603,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ameritas Investment Partners Inc. raised its stake in shares of Sunstone Hotel Investors by 3.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock valued at $313,000 after buying an additional 609 shares in the last quarter. Global Endowment Management LP bought a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth about $3,096,000. Legal & General Group Plc grew its holdings in shares of Sunstone Hotel Investors by 22.7% in the 2nd 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 last quarter. C M Bidwell & Associates Ltd. grew its holdings in shares of Sunstone Hotel Investors by 51.9% in the 2nd 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 last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Sunstone Hotel Investors by 4.5% in the 2nd 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 last quarter.

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Several equities research analysts have recently weighed in on SHO shares. Canaccord Genuity upped their target price on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. J P Morgan Chase & Co upped their target price on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the stock a “neutral” rating in a report on Wednesday, November 1st. Zacks Investment Research lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Robert W. Baird set a $17.00 target price on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a report on Monday, October 23rd. Finally, BidaskClub lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Three 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. The company presently has an average rating of “Hold” and an average target price of $15.89.

Shares of Sunstone Hotel Investors, Inc. (SHO) traded up $0.03 during trading hours on Tuesday, reaching $16.51. 858,220 shares of the company’s stock were exchanged, compared to its average volume of 1,400,000. The company has a market cap of $3,690.00, a price-to-earnings ratio of 13.51, a P/E/G ratio of 2.76 and a beta of 1.10. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors, Inc. has a 12-month low of $12.56 and a 12-month high of $17.15.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.18. The company had revenue of $303.91 million for the quarter, compared to analysts’ expectations 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 for the quarter was up .2% compared to the same quarter last year. During the same period last year, the firm posted $0.33 EPS. analysts expect that Sunstone Hotel Investors, Inc. will post 1.2 EPS for the current year.

Sunstone Hotel Investors 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.

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

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