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Daily Insider Buys: SHO

June 15, 2011 | About:

Executive vice president and CFO of Sunstone Hotel Investors Inc. (NYSE:SHO) John V. Arabia bought 25,000 shares on 06/14/2011 at an average price of $8.97. Total transaction amount was $224,250 Sunstone Hotel Investors Inc. is a Southern California-based lodging real estate company that expects to qualify as a real estate investment trust for federal income tax purposes. Sunstone Hotel Investors Inc. has a market cap of $1.05 billion; its shares were traded at around $8.92 with a P/E ratio of 15.1 and P/S ratio of 1.6.

John Arabia is the CFO and executive vice president of corporate strategy for Sunstone Hotel Investors Inc. as of February 14, 2011. He is also the managing director of Green Street Advisors, a real estate research team. In 2008, Mr. Arabia won the Wall Street Journal’s “Best on the Street” away in the hotel and gaming category. He started his hotel career in 1987.

Arabia traded twice in the company, the first time being 5/11/2011, buying 50,000 shares for the average price of $9.94. He has lost 10.26% on the trade since. On 6/14/2011, approximately one month after his initial purchase, he bought another 25,000 shares of the company, at the average price of $8.97.

Arnold Schneider bought 55,235 shares in the quarter that ended on 03/31/2011, which is 0.03% of the $1.82 billion portfolio of Schneider Capital Management. John Paulson owns 5,000,000 shares as of 03/31/2011, which accounts for 0.15% of the $34.27 billion portfolio of Paulson & Co.

Buy: President Kenneth Edward Cruse bought 4,800 shares of SHO stock on 05/10/2011 at the average price of 10.14. Kenneth Edward Cruse owns at least 240,920 shares after this. The price of the stock has decreased by 12.03% since. There are mixed trades from other insiders.

SHO recently reported its first quarter 2011 operational results. The company announced that its total revenue for the quarter was $162.6 million, and income available to common shareholders was $45.7 million, or 39 cents per diluted share. Adjusted EBITDA was $32.2 million.

Ken Cruse, president of the company, stated, “Year-to-date, we have meaningfully enhanced the quality and growth potential of our portfolio by acquiring three high-quality, well-located hotels: the 460-room Doubletree Guest Suites Times Square; the 494-room JW Marriott New Orleans; and the 1,190-room Hilton San Diego Bayfront. We have also effectively recycled capital by selling the Royal Palm Miami Beach project.”

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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