Principal Financial Group Inc. significantly reduced its stake in Sunstone Hotel Investors, Inc. ($SHO) by 30.3% in the third quarter, selling nearly 400,000 shares. Despite this reduction, other institutional investors increased their holdings. The stock has a “Hold” consensus rating from analysts, though Wells Fargo recently upgraded its rating to “Overweight” with an increased price target.
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Principal Financial Group Inc. Lowers Stake in Sunstone Hotel Investors, Inc. $SHO
Principal Financial Group Inc. significantly reduced its stake in Sunstone Hotel Investors, Inc. ($SHO) by 30.3% in the third quarter, selling nearly 400,000 shares. Despite this reduction, other institutional investors increased their holdings. The stock has a “Hold” consensus rating from analysts, though Wells Fargo recently upgraded its rating to “Overweight” with an increased price target.