Entropy Technologies LP Buys Shares of 23,300 Sunstone Hotel Investors, Inc. (NYSE:SHO)

Entropy Technologies LP bought a new stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,300 shares of the real estate investment trust’s stock, valued at approximately $276,000.

Several other hedge funds have also recently made changes to their positions in SHO. GAMMA Investing LLC raised its stake in shares of Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,743 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of Sunstone Hotel Investors in the third quarter valued at $59,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Sunstone Hotel Investors by 34.8% in the third 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 purchasing an additional 1,937 shares in the last quarter. KBC Group NV grew its position in shares of Sunstone Hotel Investors by 55.4% in the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 3,249 shares in the last quarter. Finally, Longboard Asset Management LP purchased a new position in shares of Sunstone Hotel Investors in the fourth quarter valued at $141,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Price Performance

Sunstone Hotel Investors stock opened at $11.13 on Friday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The business has a 50-day simple moving average of $11.75 and a 200 day simple moving average of $10.82. Sunstone Hotel Investors, Inc. has a 52 week low of $9.39 and a 52 week high of $12.41. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 14.64, a PEG ratio of 3.78 and a beta of 1.20.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm had revenue of $226.40 million for the quarter, compared to the consensus estimate of $224.61 million. During the same period last year, the firm earned $0.23 EPS. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Sunstone Hotel Investors Profile

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.