abrdn plc Buys 27,778 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

abrdn plc boosted its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 63.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,833 shares of the real estate investment trust's stock after acquiring an additional 27,778 shares during the quarter. abrdn plc's holdings in Sunstone Hotel Investors were worth $850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in 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 valued at $39,000 after acquiring an additional 1,743 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in Sunstone Hotel Investors in the 3rd quarter worth approximately $59,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Sunstone Hotel Investors by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust's stock worth $80,000 after buying an additional 1,937 shares during the period. KBC Group NV lifted its holdings in Sunstone Hotel Investors by 55.4% in the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust's stock worth $108,000 after buying an additional 3,249 shares during the period. Finally, Heritage Family Offices LLP lifted its holdings in Sunstone Hotel Investors by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust's stock worth $171,000 after buying an additional 969 shares during the period. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Stock Up 0.6 %

Shares of SHO traded up $0.07 on Friday, reaching $11.20. The stock had a trading volume of 947,604 shares, compared to its average volume of 2,050,147. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of 14.73, 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 company has a 50-day simple moving average of $11.74 and a 200-day simple moving average of $10.82. Sunstone Hotel Investors, Inc. has a 12-month low of $9.39 and a 12-month high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). The firm had revenue of $226.40 million during the quarter, compared to analysts' expectations of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.23 EPS. Sell-side analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.