Sunstone Hotel Investors Inc (NYSE:SHO) Short Interest Update

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Sunstone Hotel Investors Inc (NYSE:SHO) saw a large decrease in short interest in the month of November. As of November 15th, there was short interest totalling 5,110,000 shares, a decrease of 5.9% from the October 31st total of 5,430,000 shares. Based on an average daily volume of 1,820,000 shares, the short-interest ratio is presently 2.8 days. Currently, 2.3% of the shares of the stock are sold short.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sunstone Hotel Investors by 2.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,095 shares of the real estate investment trust’s stock worth $865,000 after acquiring an additional 1,632 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Sunstone Hotel Investors by 2.5% in the 2nd quarter. Macquarie Group Ltd. now owns 100,100 shares of the real estate investment trust’s stock worth $1,372,000 after acquiring an additional 2,475 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Sunstone Hotel Investors by 2.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 146,100 shares of the real estate investment trust’s stock worth $2,003,000 after acquiring an additional 2,800 shares in the last quarter. Colony Group LLC boosted its holdings in shares of Sunstone Hotel Investors by 2.2% in the 2nd quarter. Colony Group LLC now owns 136,244 shares of the real estate investment trust’s stock worth $1,868,000 after acquiring an additional 2,984 shares in the last quarter. Finally, Profund Advisors LLC boosted its holdings in shares of Sunstone Hotel Investors by 18.3% in the 2nd quarter. Profund Advisors LLC now owns 20,094 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 3,104 shares in the last quarter.

SHO stock opened at $14.00 on Monday. Sunstone Hotel Investors has a 1-year low of $12.54 and a 1-year high of $15.60. The firm has a market cap of $3.17 billion, a P/E ratio of 11.97, a P/E/G ratio of 2.14 and a beta of 1.02. The business’s 50 day moving average is $13.80 and its 200-day moving average is $13.61. The company has a current ratio of 6.39, a quick ratio of 6.39 and a debt-to-equity ratio of 0.41.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.16). The company had revenue of $281.64 million during the quarter, compared to the consensus estimate of $278.57 million. Sunstone Hotel Investors had a net margin of 15.10% and a return on equity of 6.71%. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.30 earnings per share. Sell-side analysts forecast that Sunstone Hotel Investors will post 1.1 EPS for the current year.

Several research firms have recently weighed in on SHO. ValuEngine upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. JPMorgan Chase & Co. lowered their price objective on Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating on the stock in a research note on Friday, September 6th. Finally, Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $14.25.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real EstateĀ®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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