Canada Pension Plan Investment Board grew its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 26.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,666 shares of the real estate investment trust’s stock after purchasing an additional 12,900 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Sunstone Hotel Investors were worth $991,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of SHO. Vanguard Group Inc. grew its stake in shares of Sunstone Hotel Investors by 4.5% in the second quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock valued at $607,999,000 after acquiring an additional 1,619,745 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Sunstone Hotel Investors by 41.8% in the second quarter. Franklin Resources Inc. now owns 5,061,301 shares of the real estate investment trust’s stock valued at $81,588,000 after acquiring an additional 1,490,802 shares in the last quarter. Frontier Capital Management Co. LLC grew its stake in shares of Sunstone Hotel Investors by 43.3% in the second quarter. Frontier Capital Management Co. LLC now owns 4,184,909 shares of the real estate investment trust’s stock valued at $67,461,000 after acquiring an additional 1,263,508 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Sunstone Hotel Investors by 49.3% in the second quarter. Ameriprise Financial Inc. now owns 2,643,022 shares of the real estate investment trust’s stock valued at $42,605,000 after acquiring an additional 873,060 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Sunstone Hotel Investors by 43.7% in the second quarter. American Century Companies Inc. now owns 1,975,543 shares of the real estate investment trust’s stock valued at $31,846,000 after acquiring an additional 600,521 shares in the last quarter.

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Several equities analysts recently commented on the stock. DA Davidson restated a “neutral” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, September 6th. J P Morgan Chase & Co downgraded shares of Sunstone Hotel Investors from a “neutral” rating to an “underweight” rating and set a $14.00 price target on the stock. in a research note on Thursday, November 16th. Canaccord Genuity upped their price target on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. B. Riley restated a “neutral” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $15.89.

Shares of Sunstone Hotel Investors, Inc. (SHO) opened at $16.26 on Tuesday. The stock has a market cap of $3,693.02, a PE ratio of 13.43, a price-to-earnings-growth ratio of 2.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.75 and a current ratio of 4.76. Sunstone Hotel Investors, Inc. has a one year low of $13.52 and a one year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.18. The firm had revenue of $303.91 million for the quarter, compared to the consensus estimate of $299.90 million. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $0.33 earnings per share. equities analysts predict that Sunstone Hotel Investors, Inc. will post 1.2 EPS for the current fiscal 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.

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

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