Entropy Technologies LP Makes New Investment in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Entropy Technologies LP bought a new stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 23,300 shares of the real estate investment trust's stock, valued at approximately $276,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of SHO. GAMMA Investing LLC increased its position in shares of Sunstone Hotel Investors by 114.1% during the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 1,743 shares during the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Sunstone Hotel Investors in the 3rd quarter valued at approximately $59,000. Mirae Asset Global Investments Co. Ltd. raised its position in Sunstone Hotel Investors by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust's stock valued at $80,000 after purchasing an additional 1,937 shares during the period. KBC Group NV lifted its stake in Sunstone Hotel Investors by 55.4% during the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 3,249 shares in the last quarter. Finally, Longboard Asset Management LP purchased a new position in shares of Sunstone Hotel Investors during the fourth quarter worth $141,000. 99.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a "hold" rating in a research note on Thursday, January 2nd. Wells Fargo & Company boosted their target price on 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. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $11.86.

Sunstone Hotel Investors Trading Up 0.6 %

Shares of NYSE SHO traded up $0.07 during trading on Monday, hitting $11.20. 947,604 shares of the company traded hands, compared to its average volume of 1,983,473. The firm has a market capitalization of $2.25 billion, a P/E ratio of 14.73, a P/E/G ratio of 3.78 and a beta of 1.20. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $11.72 and a 200-day moving average price of $10.84. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $12.41.

Sunstone Hotel Investors Company 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.