Sunstone Hotel Investors Inc (SHO) : Presima reduced its stake in Sunstone Hotel Investors Inc by 23.01% during the most recent quarter end. The investment management company now holds a total of 2,025,873 shares of Sunstone Hotel Investors Inc which is valued at $26,903,593 after selling 605,500 shares in Sunstone Hotel Investors Inc , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Sunstone Hotel Investors Inc makes up approximately 4.08% of Presima’s portfolio.
Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in SHO by selling 10,433 shares or 1.7% in the most recent quarter. The Hedge Fund company now holds 602,239 shares of SHO which is valued at $7,997,734. Sunstone Hotel Investors Inc makes up approx 0.01% of California Public Employees Retirement System’s portfolio. Quantitative Investment Management sold out all of its stake in SHO during the most recent quarter. The investment firm sold 54,000 shares of SHO which is valued $717,120.Standard Life Investments Ltd boosted its stake in SHO in the latest quarter, The investment management firm added 45,124 additional shares and now holds a total of 818,313 shares of Sunstone Hotel Investors Inc which is valued at $10,728,083. Sunstone Hotel Investors Inc makes up approx 0.05% of Standard Life Investments Ltd’s portfolio. Cutler Group Lp added SHO to its portfolio by purchasing 16,880 company shares during the most recent quarter which is valued at $210,831. Sunstone Hotel Investors Inc makes up approx 0.01% of Cutler Group Lp’s portfolio. Alpha Windward sold out all of its stake in SHO during the most recent quarter. The investment firm sold 556 shares of SHO which is valued $6,900.
Sunstone Hotel Investors Inc opened for trading at $13.51 and hit $13.83 on the upside on Monday, eventually ending the session at $13.74, with a gain of 1.63% or 0.22 points. The heightened volatility saw the trading volume jump to 32,01,271 shares. Company has a market cap of $2,976 M.
On the company’s financial health, Sunstone Hotel Investors Inc reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 8, 2016. Analyst had a consensus of $0.37. The company had revenue of $322.20 million for the quarter, compared to analysts expectations of $322.80 million. The company’s revenue was down -5.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on Sunstone Hotel Investors Inc. Company shares were Upgraded by Canaccord Genuity on Jul 15, 2016 to ” Buy”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .Sunstone Hotel Investors Inc was Initiated by BB&T Capital Mkts to “Hold” on May 18, 2016.
Sunstone Hotel Investors Inc. is a self-managed and self-administered real estate investment trust (REIT). The Company’s business is to acquire own asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company holds interests in approximately 30 hotels which include around 14303 rooms located in 13 states and in Washington DC. The hotels are operated under the brands including Marriott Hilton Hyatt Fairmont and Sheraton among others. Its portfolio includes upper upscale hotels in the United States. Its 30 hotels include around 27 upper upscale two luxury and one upscale hotel. The Company’s property portfolio includes Boston Park Plaza Courtyard by Marriott Los Angeles Doubletree Guest Suites Times Square Embassy Suites Chicago Embassy Suites La Jolla Fairmont Newport Beach Marriott Houston Marriott Wailea Marriott Park City Renaissance Harborplace and Renaissance Los Angeles Airport among others.