Sunstone Hotel Investors, Inc. (NYSE:SHO) Holdings Increased by abrdn plc

abrdn plc lifted its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 63.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,833 shares of the real estate investment trust’s stock after acquiring an additional 27,778 shares during the period. abrdn plc’s holdings in Sunstone Hotel Investors were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SHO. GAMMA Investing LLC raised its position in shares of Sunstone Hotel Investors by 114.1% during the fourth 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 period. Harbor Capital Advisors Inc. purchased a new position in Sunstone Hotel Investors in the 3rd quarter worth about $59,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Sunstone Hotel Investors by 34.8% during 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 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 valued at $108,000 after buying an additional 3,249 shares in the last quarter. Finally, Heritage Family Offices LLP boosted its holdings in shares of Sunstone Hotel Investors by 7.2% in the fourth 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 institutional investors.

Analysts Set New Price Targets

SHO has been the subject of several research analyst reports. 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 research note on Thursday, January 2nd. Wells Fargo & Company increased their price target on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Monday, December 9th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sunstone Hotel Investors presently has a consensus rating of “Hold” and a consensus price target of $11.86.

Sunstone Hotel Investors Stock Down 0.5 %

Shares of SHO stock opened at $11.30 on Tuesday. The firm’s fifty day moving average price is $11.80 and its two-hundred day moving average price is $10.81. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $12.41. The firm has a market capitalization of $2.27 billion, a P/E ratio of 14.86, a PEG ratio of 3.78 and a beta of 1.20.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm had revenue of $226.40 million for the quarter, compared to analyst estimates of $224.61 million. During the same quarter in the prior year, the firm earned $0.23 earnings per share. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, equities 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.