State of Alaska Department of Revenue Has $2.50 Million Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

State of Alaska Department of Revenue lessened its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 0.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 211,563 shares of the real estate investment trust’s stock after selling 912 shares during the period. State of Alaska Department of Revenue owned 0.11% of Sunstone Hotel Investors worth $2,503,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SHO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Sunstone Hotel Investors by 460.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,414,372 shares of the real estate investment trust’s stock valued at $14,596,000 after purchasing an additional 1,161,792 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Sunstone Hotel Investors by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock valued at $49,284,000 after purchasing an additional 1,130,558 shares during the last quarter. Heitman Real Estate Securities LLC grew its stake in shares of Sunstone Hotel Investors by 976.5% in the third quarter. Heitman Real Estate Securities LLC now owns 1,238,002 shares of the real estate investment trust’s stock worth $12,776,000 after acquiring an additional 1,123,001 shares during the last quarter. NFJ Investment Group LLC acquired a new stake in shares of Sunstone Hotel Investors in the third quarter worth $3,220,000. Finally, Barclays PLC grew its stake in shares of Sunstone Hotel Investors by 304.9% in the third quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust’s stock worth $3,540,000 after acquiring an additional 258,302 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research note on Monday, December 9th. Morgan Stanley restated an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group raised their price objective on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.86.

Sunstone Hotel Investors Stock Performance

Shares of NYSE:SHO opened at $11.30 on Tuesday. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41. The firm has a market cap of $2.27 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 3.78 and a beta of 1.20. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The business has a fifty day moving average of $11.80 and a 200-day moving average of $10.81.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business had revenue of $226.40 million during the quarter, compared to analyst estimates of $224.61 million. During the same quarter last year, the business posted $0.23 earnings per share. The business’s quarterly revenue was down 8.6% compared to the same quarter last year. On average, equities research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.