Systematic Financial Management LP Has $12,115,000 Position in Sunstone Hotel Investors, Inc. (SHO)

Systematic Financial Management LP reduced its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 72.2% during the fourth quarter, Holdings Channel reports. The firm owned 794,427 shares of the company’s stock after selling 2,064,739 shares during the period. Systematic Financial Management LP’s holdings in Sunstone Hotel Investors were worth $12,115,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SHO. Stevens Capital Management LP bought a new stake in shares of Sunstone Hotel Investors during the third quarter worth approximately $131,000. Nuveen Fund Advisors LLC boosted its stake in shares of Sunstone Hotel Investors by 37.1% in the third quarter. Nuveen Fund Advisors LLC now owns 17,668 shares of the company’s stock worth $226,000 after buying an additional 4,785 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Sunstone Hotel Investors during the second quarter worth approximately $228,000. BNP Paribas Arbitrage SA boosted its stake in shares of Sunstone Hotel Investors by 101.9% in the third quarter. BNP Paribas Arbitrage SA now owns 20,363 shares of the company’s stock worth $260,000 after buying an additional 10,276 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Sunstone Hotel Investors by 9.2% in the third quarter. Pacer Advisors Inc. now owns 23,386 shares of the company’s stock worth $299,000 after buying an additional 1,968 shares during the period.

Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

Sunstone Hotel Investors, Inc. (NYSE:SHO) traded down 2.21% on Friday, reaching $15.07. The company’s stock had a trading volume of 1,112,938 shares. The stock has a market cap of $3.26 billion, a price-to-earnings ratio of 10.05 and a beta of 1.11. The firm’s 50-day moving average price is $15.03 and its 200-day moving average price is $13.95. Sunstone Hotel Investors, Inc. has a 52-week low of $11.26 and a 52-week high of $16.05.

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SHO has been the subject of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and set a $17.00 price objective (up from $14.00) on shares of Sunstone Hotel Investors in a research note on Friday, December 23rd. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Saturday, November 19th. Nomura initiated coverage on Sunstone Hotel Investors in a research note on Wednesday, December 14th. They set a “neutral” rating and a $16.00 price objective for the company. Instinet initiated coverage on Sunstone Hotel Investors in a research note on Wednesday, December 14th. They set a “neutral” rating and a $16.00 price objective for the company. Finally, Robert W. Baird cut Sunstone Hotel Investors from an “outperform” rating to a “neutral” rating and set a $15.00 price objective for the company. in a research note on Wednesday, January 11th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $14.75.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a self-managed and self-administered real estate investment trust (REIT). 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. The Company operates through hotel ownership segment.

5 Day Chart for NYSE:SHO

Want to see what other hedge funds are holding SHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunstone Hotel Investors, Inc. (NYSE:SHO).

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