Engineers Gate Manager LP Invests $2.81 Million in Sunstone Hotel Investors, Inc. $SHO
MarketBeat
Engineers Gate Manager LP has made a new investment of $2.81 million in Sunstone Hotel Investors, Inc. (NYSE:SHO), acquiring 245,344 shares. The hotel REIT has outperformed earnings expectations, reporting $0.14 EPS against an $0.08 consensus, and has declared a quarterly dividend of $0.09 per share, representing a 3.3% annualized yield. Analysts currently hold a "Hold" rating on the stock with a consensus target price of $11.00.
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