Manning & Napier Advisors LLC Acquires Shares of 246,700 Sunstone Hotel Investors, Inc. (SHO)

Manning & Napier Advisors LLC acquired a new stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 246,700 shares of the real estate investment trust’s stock, valued at approximately $3,963,000. Manning & Napier Advisors LLC owned approximately 0.11% of Sunstone Hotel Investors as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Breton Hill Capital Ltd. lifted its holdings in Sunstone Hotel Investors by 14.9% during the second quarter. Breton Hill Capital Ltd. now owns 13,100 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,700 shares in the last quarter. Utah Retirement Systems lifted its holdings in Sunstone Hotel Investors by 3.1% during the second quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 400 shares in the last quarter. GSA Capital Partners LLP purchased a new position in Sunstone Hotel Investors during the second quarter valued at $243,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Sunstone Hotel Investors by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock valued at $256,000 after purchasing an additional 1,613 shares in the last quarter. Finally, Paragon Capital Management Ltd lifted its holdings in Sunstone Hotel Investors by 49.2% during the second quarter. Paragon Capital Management Ltd now owns 16,275 shares of the real estate investment trust’s stock valued at $262,000 after purchasing an additional 5,369 shares in the last quarter.

Several equities analysts have issued reports on SHO shares. BidaskClub downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Canaccord Genuity increased their price objective on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. DA Davidson reaffirmed a “neutral” rating on shares of Sunstone Hotel Investors in a report on Wednesday, September 6th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $17.00 price objective on shares of Sunstone Hotel Investors in a report on Thursday, September 21st. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.89.

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Shares of Sunstone Hotel Investors, Inc. (NYSE SHO) traded down $0.02 during midday trading on Monday, hitting $16.39. 826,100 shares of the stock were exchanged, compared to its average volume of 1,937,616. The firm has a market capitalization of $3,693.02, a PE ratio of 13.43, a price-to-earnings-growth ratio of 2.74 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75. Sunstone Hotel Investors, Inc. has a 1-year low of $13.51 and a 1-year high of $17.15.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.18. The business had revenue of $303.91 million during the quarter, compared to analysts’ expectations of $299.90 million. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. equities research analysts expect that Sunstone Hotel Investors, Inc. will post 1.2 earnings per share for the current fiscal year.

Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

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Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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