Sunstone Hotel Investors, Inc. (NYSE:SHO) Holdings Increased by Mitsubishi UFJ Kokusai Asset Management Co. Ltd.

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 6.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 123,870 shares of the real estate investment trust’s stock after buying an additional 7,048 shares during the quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.06% of Sunstone Hotel Investors worth $1,254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SHO. US Bancorp DE raised its position in shares of Sunstone Hotel Investors by 33.0% during the 1st quarter. US Bancorp DE now owns 14,499 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 3,595 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Sunstone Hotel Investors by 515.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 10,387 shares of the real estate investment trust’s stock worth $122,000 after buying an additional 8,700 shares in the last quarter. Citigroup Inc. raised its position in shares of Sunstone Hotel Investors by 15.1% during the 1st quarter. Citigroup Inc. now owns 376,700 shares of the real estate investment trust’s stock worth $4,437,000 after buying an additional 49,400 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of Sunstone Hotel Investors by 64.1% in the 1st quarter. MetLife Investment Management LLC now owns 112,095 shares of the real estate investment trust’s stock worth $1,320,000 after purchasing an additional 43,806 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in shares of Sunstone Hotel Investors by 0.5% in the 1st quarter. Great West Life Assurance Co. Can now owns 190,263 shares of the real estate investment trust’s stock worth $2,329,000 after purchasing an additional 1,015 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Compass Point dropped their target price on shares of Sunstone Hotel Investors from $10.00 to $9.00 in a report on Tuesday, August 8th. Barclays dropped their target price on shares of Sunstone Hotel Investors from $10.00 to $9.00 and set an “underweight” rating on the stock in a report on Thursday, September 28th. StockNews.com downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday. Morgan Stanley dropped their target price on shares of Sunstone Hotel Investors from $10.00 to $9.00 and set an “equal weight” rating on the stock in a report on Friday, August 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Sunstone Hotel Investors from $8.00 to $9.00 and gave the stock an “underweight” rating in a report on Wednesday, November 8th. Five equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $9.67.

Sunstone Hotel Investors Stock Up 0.7 %

SHO stock opened at $9.93 on Monday. The company’s 50 day simple moving average is $9.39 and its 200-day simple moving average is $9.67. Sunstone Hotel Investors, Inc. has a 52-week low of $8.60 and a 52-week high of $11.38. The firm has a market capitalization of $2.04 billion, a P/E ratio of 24.83, a P/E/G ratio of 4.00 and a beta of 1.22. The company has a debt-to-equity ratio of 0.45, a current ratio of 5.26 and a quick ratio of 5.26.

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 15 hotels comprised of 7,735 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 hotels considered to be Long-Term Relevant Real Estate.