GSA Capital Partners LLP Makes New Investment in Sunstone Hotel Investors, Inc. $SHO

GSA Capital Partners LLP bought a new stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 61,760 shares of the real estate investment trust’s stock, valued at approximately $579,000.

Other institutional investors also recently bought and sold shares of the company. State Street Corp increased its stake in Sunstone Hotel Investors by 4.9% during the second quarter. State Street Corp now owns 12,179,383 shares of the real estate investment trust’s stock worth $106,784,000 after purchasing an additional 571,619 shares during the period. Bank of America Corp DE lifted its holdings in Sunstone Hotel Investors by 13.6% during the 2nd quarter. Bank of America Corp DE now owns 7,240,157 shares of the real estate investment trust’s stock worth $62,845,000 after buying an additional 867,137 shares in the last quarter. Balyasny Asset Management L.P. acquired a new stake in Sunstone Hotel Investors during the 2nd quarter worth approximately $41,332,000. Westwood Holdings Group Inc. boosted its position in Sunstone Hotel Investors by 10.7% in the 2nd quarter. Westwood Holdings Group Inc. now owns 3,961,174 shares of the real estate investment trust’s stock valued at $34,383,000 after buying an additional 384,277 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Sunstone Hotel Investors by 132.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock worth $26,231,000 after acquiring an additional 1,589,258 shares in the last quarter. 99.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, January 21st. Wall Street Zen downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Sunday, November 16th. Wells Fargo & Company raised Sunstone Hotel Investors from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $10.00 to $11.00 in a research report on Monday, January 5th. Robert W. Baird reiterated a “neutral” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research note on Monday, January 12th. Finally, Zacks Research downgraded Sunstone Hotel Investors from a “hold” rating to a “strong sell” rating in a research report on Wednesday, January 14th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $9.38.

Sunstone Hotel Investors Trading Down 1.7%

SHO opened at $9.24 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 3.08 and a current ratio of 3.08. Sunstone Hotel Investors, Inc. has a one year low of $7.45 and a one year high of $10.70. The company has a market cap of $1.76 billion, a P/E ratio of 11.46, a PEG ratio of 1.93 and a beta of 1.01. The business’s 50-day simple moving average is $9.14 and its 200-day simple moving average is $9.23.

Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc (NYSE:SHO) is a publicly traded real estate investment trust (REIT) focused on acquiring, owning and asset‐managing upper‐upscale extended‐stay and premium‐branded hotel properties in the United States. The company’s business model centers on generating stable, long‐term cash flows through franchise agreements and third‐party management contracts with established hotel operators.

As of the most recent reporting period, Sunstone’s portfolio includes approximately 97 hotels and nearly 25,000 guest rooms across 19 states, with concentrations in major metropolitan and select high‐growth secondary markets.