Sunstone Hotel Investors Inc (NYSE:SHO) Short Interest Down 5.9% in October

Sunstone Hotel Investors Inc (NYSE:SHO) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 5,110,000 shares, a drop of 5.9% from the September 30th total of 5,430,000 shares. Currently, 2.3% of the company’s stock are sold short. Based on an average trading volume of 1,820,000 shares, the short-interest ratio is presently 2.8 days.

Sunstone Hotel Investors stock traded down $0.03 during mid-day trading on Tuesday, reaching $13.94. 568,969 shares of the company’s stock were exchanged, compared to its average volume of 1,964,390. The business’s fifty day simple moving average is $13.72 and its 200 day simple moving average is $13.64. The firm has a market capitalization of $3.15 billion, a PE ratio of 11.91, a P/E/G ratio of 2.13 and a beta of 1.02. Sunstone Hotel Investors has a one year low of $12.54 and a one year high of $15.62. The company has a quick ratio of 6.39, a current ratio of 6.39 and a debt-to-equity ratio of 0.41.

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

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Large investors have recently made changes to their positions in the company. Berman Capital Advisors LLC purchased a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth approximately $144,000. Assetmark Inc. grew its stake in shares of Sunstone Hotel Investors by 7,254.5% in the 2nd quarter. Assetmark Inc. now owns 11,473 shares of the real estate investment trust’s stock worth $157,000 after buying an additional 11,317 shares during the last quarter. ARP Americas LP purchased a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth approximately $164,000. Tower Research Capital LLC TRC grew its stake in shares of Sunstone Hotel Investors by 877.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,409 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 12,037 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Sunstone Hotel Investors in the 2nd quarter worth approximately $216,000. 97.96% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on SHO shares. JPMorgan Chase & Co. reduced their price objective on Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating for the company in a research note on Friday, September 6th. Deutsche Bank set a $15.00 price objective on Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Tuesday, October 22nd. Finally, ValuEngine raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $14.25.

Sunstone Hotel Investors Company Profile

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 Estate¬ģ, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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