Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Sold by Index Fund Advisors Inc.

Index Fund Advisors Inc. lessened its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 35.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 225,157 shares of the real estate investment trust's stock after selling 121,325 shares during the quarter. Sunstone Hotel Investors accounts for 0.1% of Index Fund Advisors Inc.'s investment portfolio, making the stock its 22nd largest position. Index Fund Advisors Inc. owned approximately 0.11% of Sunstone Hotel Investors worth $2,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 worth $14,596,000 after purchasing an additional 1,161,792 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sunstone Hotel Investors by 31.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust's stock worth $49,284,000 after buying an additional 1,130,558 shares during the last quarter. Heitman Real Estate Securities LLC boosted its position in shares of Sunstone Hotel Investors by 976.5% in the 3rd 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 buying an additional 1,123,001 shares in the last quarter. NFJ Investment Group LLC acquired a new stake in Sunstone Hotel Investors in the 3rd quarter valued at about $3,220,000. Finally, Barclays PLC grew its stake in Sunstone Hotel Investors by 304.9% in the 3rd quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust's stock valued at $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 Ratings Changes

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

Sunstone Hotel Investors Trading Up 0.6 %

Shares of SHO traded up $0.07 on Friday, hitting $11.20. 303,928 shares of the stock traded hands, compared to its average volume of 2,028,135. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $12.41. The stock's 50 day moving average is $11.75 and its two-hundred day moving average is $10.82. The firm has a market capitalization of $2.25 billion, a P/E ratio of 14.72, 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.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its quarterly 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). The business had revenue of $226.40 million for the quarter, compared to analysts' expectations of $224.61 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The company's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 EPS. As a group, sell-side analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

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.