Trade Report: Today, Independent Portfolio Consultants Inc. Reduces Stake in Sunstone Hotel Investors Inc. (SHO)

Today, Independent Portfolio Consultants Inc. Reduces Stake in Sunstone Hotel Investors Inc. (SHO)

Independent Portfolio Consultants Inc. lowered its position in shares of Sunstone Hotel Investors Inc. (NYSE:SHO) by 5.6% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,388 shares of the company’s stock after selling 730 shares during the period. Independent Portfolio Consultants Inc.’s holdings in Sunstone Hotel Investors were worth $158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. BNP Paribas Arbitrage SA boosted its position in shares of Sunstone Hotel Investors by 6,324.8% in the second quarter. BNP Paribas Arbitrage SA now owns 10,087 shares of the company’s stock worth $122,000 after buying an additional 9,930 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Sunstone Hotel Investors by 7.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,331 shares of the company’s stock worth $125,000 after buying an additional 732 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of Sunstone Hotel Investors during the second quarter worth about $139,000. Nuveen Fund Advisors LLC acquired a new position in shares of Sunstone Hotel Investors during the second quarter worth about $155,000. Finally, KCG Holdings Inc. boosted its position in shares of Sunstone Hotel Investors by 22.2% in the second quarter. KCG Holdings Inc. now owns 13,528 shares of the company’s stock worth $163,000 after buying an additional 2,461 shares in the last quarter.

Sunstone Hotel Investors Inc. (NYSE:SHO) traded up 1.06% during mid-day trading on Friday, hitting $14.25. 794,541 shares of the stock traded hands. The company’s 50 day moving average price is $13.11 and its 200-day moving average price is $12.82. Sunstone Hotel Investors Inc. has a 1-year low of $9.53 and a 1-year high of $14.82. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 9.51 and a beta of 1.08.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Tuesday, November 1st. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.01. The business earned $303.30 million during the quarter, compared to analysts’ expectations of $306.82 million. Sunstone Hotel Investors had a net margin of 27.94% and a return on equity of 14.50%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. Analysts predict that Sunstone Hotel Investors Inc. will post $1.18 earnings per share for the current year.

A number of research analysts have recently issued reports on SHO shares. Canaccord Genuity reiterated a “buy” rating on shares of Sunstone Hotel Investors in a report on Monday, September 12th. FBR & Co set a $16.00 price objective on shares of Sunstone Hotel Investors and gave the company a “buy” rating in a report on Thursday, August 11th. TheStreet upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Saturday, November 19th. Finally, Citigroup Inc. boosted their price target on shares of Sunstone Hotel Investors from $13.50 to $14.00 and gave the stock a “neutral” rating in a report on Monday, August 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company’s stock. Sunstone Hotel Investors presently has a consensus rating of “Buy” and a consensus price target of $14.14.

In other Sunstone Hotel Investors news, COO Marc Andrew Hoffman sold 10,000 shares of Sunstone Hotel Investors stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $13.92, for a total value of $139,200.00. Following the completion of the transaction, the chief operating officer now directly owns 236,709 shares of the company’s stock, valued at $3,294,989.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.79% of the stock is currently owned by company insiders.

About Sunstone Hotel Investors

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 operates through hotel ownership segment.

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