Sunstone Hotel Investors Inc. (NYSE:SHO)’s Chief Executive Officer Edward Kenneth Cruse has acquired 4,000 shares of common stock, at a price of $14.7 per share. Mr. Cruse now owns 671 million shares at the 2 billion Market Cap Company. Over the course of this year, Mr. Cruse has been the only insider procuring shares at Sunstone Hotel Investors Inc., with a 616 share acquisition, at a price of $13.28, during Q1, along with the reported 4,000 share acquisition this quarter. During 2013, two other insiders have acquired shares at the company: President John Arabia and director Douglas Pasquale, who procured respectively 540 shares, worth $12.97 each, and 1,000 shares, at a price of $11.95 per share.
In addition, J. Alan Reid, Jr.’s Forward Management has recently started investing at Sunstone Hotel Investors Inc. (NYSE:SHO), currently owning 727,592, valued at $18,772 million, and representing 1.07% of its Equity Portfolio. Another hedge fund feeling bullish about this company is Jim Simons’ Renaissance Technologies, increasing its stake by 144% over the last reported quarter, and now holds more than 1 million shares, worth over $15 million. Yet this position accounts for 0.03% the fund’s Equity Portfolio.