Short Interest Worth Mentioning: Today Sunstone Hotel Investors Incorporated (NYSE:SHO) Reported Increase in Shorted Shares

November 16, 2016 - By Pete Kolinski   ·   0 Comments

Short Interest Worth Mentioning: Today Sunstone Hotel Investors Incorporated (NYSE:SHO) Reported Increase in Shorted Shares

The stock of Sunstone Hotel Investors Incorporated (NYSE:SHO) registered an increase of 5.69% in short interest. SHO’s total short interest was 11.23 million shares in November as published by FINRA. Its up 5.69% from 10.63 million shares, reported previously. With 2.39M shares average volume, it will take short sellers 5 days to cover their SHO’s short positions. The short interest to Sunstone Hotel Investors Incorporated’s float is 5.23%. The stock decreased 0.29% or $0.04 during the last trading session, hitting $13.94. Sunstone Hotel Investors Inc (NYSE:SHO) has risen 1.01% since April 14, 2016 and is uptrending. It has underperformed by 3.67% the S&P500.

Sunstone Hotel Investors, Inc. is a self-managed and self-administered real estate investment trust . The company has a market cap of $3.09 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 a 9.12 P/E ratio. The Firm operates through hotel ownership segment.

Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.56, from 1.62 in 2016Q1. The ratio turned negative, as 19 funds sold all Sunstone Hotel Investors Inc shares owned while 68 reduced positions. 25 funds bought stakes while 67 increased positions. They now own 235.64 million shares or 0.73% more from 233.92 million shares in 2016Q1.
Ladenburg Thalmann has invested 0% of its portfolio in Sunstone Hotel Investors Inc (NYSE:SHO). Teachers Insurance Annuity Association Of America last reported 0.12% of its portfolio in the stock. Ny State Common Retirement Fund reported 463,859 shares or 0.01% of all its holdings. Amalgamated Fincl Bank accumulated 0.02% or 23,734 shares. Independent Consultants Incorporated, a Florida-based fund reported 13,118 shares. Schroder Invest Mgmt Grp Inc, a Maine-based fund reported 2.08 million shares. Globeflex Capital L P holds 0.34% of its portfolio in Sunstone Hotel Investors Inc (NYSE:SHO) for 104,231 shares. Stifel Fincl last reported 40,881 shares in the company. Smith Asset Mgmt Gru L P reported 353 shares or 0% of all its holdings. Moreover, Deutsche Fincl Bank Ag has 0.07% invested in Sunstone Hotel Investors Inc (NYSE:SHO) for 8.80M shares. Voya Management Lc holds 138,402 shares or 0% of its portfolio. Manufacturers Life Insur Co The last reported 145,961 shares in the company. Proshare Advsrs Limited Co reported 82,871 shares or 0.01% of all its holdings. Profund Advsrs Ltd last reported 18,735 shares in the company. Vanguard Grp Inc has invested 0.03% of its portfolio in Sunstone Hotel Investors Inc (NYSE:SHO).

Insider Transactions: Since June 14, 2016, the stock had 0 insider purchases, and 4 selling transactions for $1.05 million net activity. $115,414 worth of shares were sold by RUSSELL KEITH P on Tuesday, June 14. Another trade for 32,998 shares valued at $455,768 was sold by Springer Robert C. The insider Hoffman Marc Andrew sold 10,000 shares worth $139,213. $336,978 worth of Sunstone Hotel Investors Inc (NYSE:SHO) was sold by LEWIS THOMAS A on Wednesday, August 17.

Sunstone Hotel Investors Inc (NYSE:SHO) Ratings Coverage

Out of 11 analysts covering Sunstone Hotel Investors Inc (NYSE:SHO), 6 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 55% are positive. Sunstone Hotel Investors Inc has been the topic of 20 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was maintained on Wednesday, March 23 by Credit Suisse. The stock of Sunstone Hotel Investors Inc (NYSE:SHO) has “Outperform” rating given on Thursday, January 7 by Robert W. Baird. The stock has “Underweight” rating given by Morgan Stanley on Monday, September 26. The company was downgraded on Tuesday, July 21 by Bank of America. FBR Capital initiated Sunstone Hotel Investors Inc (NYSE:SHO) rating on Friday, November 20. FBR Capital has “Outperform” rating and $17 price target. FBR Capital maintained Sunstone Hotel Investors Inc (NYSE:SHO) on Thursday, November 3 with “Outperform” rating. The stock of Sunstone Hotel Investors Inc (NYSE:SHO) has “Buy” rating given on Friday, July 15 by Canaccord Genuity. The stock of Sunstone Hotel Investors Inc (NYSE:SHO) has “Buy” rating given on Thursday, February 18 by Jefferies. The rating was upgraded by Raymond James on Friday, January 8 to “Outperform”. The rating was upgraded by Barclays Capital on Wednesday, August 12 to “Equal-Weight”.

SHO Company Profile

Sunstone Hotel Investors, Inc., incorporated on June 28, 2004, 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 Firm operates through hotel ownership segment. The Firm has interests in approximately 30 hotels, which include approximately 13,640 rooms. The Company’s hotels operate under the brands, including Marriott, Hilton, Hyatt and Fairmont. The Company’s portfolio primarily consists of urban, upper upscale hotels in the United States.

More recent Sunstone Hotel Investors Inc (NYSE:SHO) news were published by: Prnewswire.com which released: “Sunstone Hotel Investors, Inc. Prices Public Offering of 6.95% Series E …” on March 04, 2016. Also Prnewswire.com published the news titled: “Sunstone Hotel Investors To Participate In The Evercore ISI 2016 Real Estate …” on September 06, 2016. Prnewswire.com‘s news article titled: “Sunstone Hotel Investors Announces Changes To The Board Of Directors” with publication date: April 29, 2016 was also an interesting one.

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By Pete Kolinski


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