Sunstone Hotel Investors, Inc. $SHO Shares Sold by Centersquare Investment Management LLC

Centersquare Investment Management LLC lowered its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 45.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,398,076 shares of the real estate investment trust’s stock after selling 1,173,466 shares during the period. Centersquare Investment Management LLC owned about 0.74% of Sunstone Hotel Investors worth $13,100,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Hantz Financial Services Inc. grew its position in shares of Sunstone Hotel Investors by 951.7% during the 2nd quarter. Hantz Financial Services Inc. now owns 3,008 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 2,722 shares during the period. Assetmark Inc. grew its holdings in Sunstone Hotel Investors by 210.4% in the second quarter. Assetmark Inc. now owns 3,635 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 2,464 shares during the period. CWM LLC increased its position in shares of Sunstone Hotel Investors by 579.8% in the second quarter. CWM LLC now owns 8,029 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 6,848 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of Sunstone Hotel Investors in the second quarter valued at approximately $88,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Sunstone Hotel Investors by 16.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 12,012 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,720 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SHO has been the subject of several recent analyst reports. Wall Street Zen lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Robert W. Baird reissued a “neutral” rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a research note on Monday, January 12th. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, January 21st. Zacks Research lowered shares of Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research note on Wednesday, January 14th. Finally, Wells Fargo & Company upgraded Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $10.00 to $11.00 in a research note on Monday, January 5th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.38.

Sunstone Hotel Investors Stock Performance

NYSE:SHO opened at $9.37 on Thursday. The company has a market cap of $1.78 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.90 and a beta of 1.01. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $10.66. The company’s 50-day moving average price is $9.14 and its 200-day moving average price is $9.23. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.55.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.