Sentiment for Sunstone Hotel Investors Inc (NYSE:SHO)
Sunstone Hotel Investors Inc (NYSE:SHO) institutional sentiment decreased to 0.79 in 2015 Q3. Its down -0.31, from 1.1 in 2015Q2. The ratio fall, as 81 investment professionals increased and opened new equity positions, while 103 sold and trimmed stakes in Sunstone Hotel Investors Inc. The investment professionals in our partner’s database reported: 193.42 million shares, down from 217.08 million shares in 2015Q2. Also, the number of investment professionals holding Sunstone Hotel Investors Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 29 Reduced: 74 Increased: 70 New Position: 11.
Sunstone Hotel Investors, Inc. is a self-managed and self-administered real estate investment trust . The company has a market cap of $2.78 billion. The Company’s business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. It has 8.42 P/E ratio. The Firm holds interests in approximately 30 hotels, which include around 14,303 rooms, located in 13 states and in Washington, DC.
About 1.01M shares traded hands. Sunstone Hotel Investors Inc (NYSE:SHO) has declined 15.10% since July 23, 2015 and is downtrending. It has underperformed by 7.77% the S&P500.
According to Zacks Investment Research, “Sunstone Hotel Investors, Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. The Company owns hotels primarily in the upper-upscale and upscale segments primarily operated under franchises owned nationally-recognized companies, such as Marriott, Hilton, InterContinental and Hyatt.”
Presima Inc. holds 4.95% of its portfolio in Sunstone Hotel Investors Inc for 2.05 million shares. Green Street Investors Llc owns 164,900 shares or 2.31% of their US portfolio. Moreover, Lasalle Investment Management Securities Llc has 1.79% invested in the company for 11.51 million shares. The Pennsylvania-based Cbre Clarion Securities Llc has invested 1.17% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 195,518 shares.#img1#
Ratings analysis reveals 53% of Sunstone Hotel Investors Inc’s analysts are positive. Out of 13 Wall Street analysts rating Sunstone Hotel Investors Inc, 8 give it “Buy”, 1 “Sell” rating, while 6 recommend “Hold”. The lowest target is $11 while the high is $17. The stock’s average target of $13.96 is 19.14% above today’s ($13.01) share price. SHO was included in 14 notes of analysts from July 21, 2015. Canaccord Genuity maintained the shares of Sunstone Hotel Investors Inc in a note on February 24 with “Hold” rating. Barclays Capital upgraded SHO’s stock on an August 12. Barclays Capital has “Equal-Weight” rating and $17 PR. Raymond James upgraded Sunstone Hotel Investors Inc’s stock on January 8 to “Outperform” rating. Bank of America downgraded it ^with/to4^ “Underperform” rating and $16.5 PT in July 21 note. Finally, FBR Capital initiated the shares of Sunstone Hotel Investors Inc with “Outperform” rating in a November 20 note.
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