Entropy Technologies LP Makes New $276,000 Investment in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Entropy Technologies LP purchased a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 23,300 shares of the real estate investment trust’s stock, valued at approximately $276,000.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in shares of Sunstone Hotel Investors by 114.1% in the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,743 shares during the last quarter. Harbor Capital Advisors Inc. bought a new stake in shares of Sunstone Hotel Investors in the 3rd quarter valued at about $59,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Sunstone Hotel Investors by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock valued at $80,000 after acquiring an additional 1,937 shares during the last quarter. KBC Group NV lifted its stake in shares of Sunstone Hotel Investors by 55.4% in the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 3,249 shares during the last quarter. Finally, Longboard Asset Management LP bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at about $141,000. Institutional investors own 99.37% of the company’s stock.

Wall Street Analyst Weigh In

SHO has been the subject of a number of recent research reports. Wells Fargo & Company boosted their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Monday, December 9th. Morgan Stanley reissued an “underweight” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group boosted their target price on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sunstone Hotel Investors presently has an average rating of “Hold” and a consensus target price of $11.86.

Sunstone Hotel Investors Stock Performance

Shares of SHO opened at $11.13 on Friday. The business’s fifty day simple moving average is $11.75 and its two-hundred day simple moving average is $10.82. 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 12 month low of $9.39 and a 12 month high of $12.41. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 3.78 and a beta of 1.20.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results 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). The firm had revenue of $226.40 million for the quarter, compared to the consensus estimate of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. Sunstone Hotel Investors’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 earnings per share. Research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

About Sunstone Hotel Investors

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.