Cwm LLC Acquires 6,848 Shares of Sunstone Hotel Investors, Inc. $SHO

Cwm LLC boosted its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 579.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,029 shares of the real estate investment trust’s stock after purchasing an additional 6,848 shares during the period. Cwm LLC’s holdings in Sunstone Hotel Investors were worth $70,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its stake in shares of Sunstone Hotel Investors by 47.7% during the first quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,560 shares during the period. Nuveen LLC bought a new stake in Sunstone Hotel Investors during the 1st quarter valued at about $10,858,000. Amundi boosted its stake in Sunstone Hotel Investors by 27.0% during the 1st quarter. Amundi now owns 1,040,883 shares of the real estate investment trust’s stock valued at $8,983,000 after purchasing an additional 221,367 shares during the last quarter. Millennium Management LLC lifted its stake in Sunstone Hotel Investors by 14.4% during the 1st quarter. Millennium Management LLC now owns 2,392,774 shares of the real estate investment trust’s stock valued at $22,516,000 after acquiring an additional 300,965 shares during the period. Finally, Northern Trust Corp raised its stake in Sunstone Hotel Investors by 0.7% during the 1st quarter. Northern Trust Corp now owns 3,180,251 shares of the real estate investment trust’s stock valued at $29,926,000 after buying an additional 20,843 shares during the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Performance

Shares of SHO opened at $9.04 on Tuesday. The stock has a 50-day moving average of $9.36 and a two-hundred day moving average of $8.99. The stock has a market cap of $1.72 billion, a P/E ratio of 452.23, a P/E/G ratio of 5.32 and a beta of 1.29. Sunstone Hotel Investors, Inc. has a one year low of $7.45 and a one year high of $12.41. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.73 and a current ratio of 2.73.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The company had revenue of $259.77 million during the quarter, compared to analyst estimates of $256.68 million. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. Sunstone Hotel Investors’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.28 EPS. As a group, research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on SHO shares. Evercore ISI lifted their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, October 8th. Wells Fargo & Company upgraded Sunstone Hotel Investors to a “hold” rating in a report on Friday, October 3rd. Wall Street Zen upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Truist Financial dropped their price target on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Wednesday, September 3rd. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.93.

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.