Schroder Investment Management Group Increases Stake in Sunstone Hotel Investors, Inc. (SHO)

Schroder Investment Management Group increased its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 6.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 900,268 shares of the real estate investment trust’s stock after purchasing an additional 52,864 shares during the period. Schroder Investment Management Group owned 0.40% of Sunstone Hotel Investors worth $14,494,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. boosted its position in Sunstone Hotel Investors by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after purchasing an additional 1,619,745 shares during the period. BlackRock Inc. boosted its position in Sunstone Hotel Investors by 1.3% during the 2nd quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock worth $319,172,000 after purchasing an additional 255,552 shares during the period. Principal Financial Group Inc. boosted its position in Sunstone Hotel Investors by 3.5% during the 3rd quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock worth $206,238,000 after purchasing an additional 431,187 shares during the period. State Street Corp boosted its position in Sunstone Hotel Investors by 2.6% during the 2nd quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock worth $140,687,000 after purchasing an additional 217,834 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in Sunstone Hotel Investors by 9.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,531,026 shares of the real estate investment trust’s stock worth $105,148,000 after purchasing an additional 554,518 shares during the period.

SHO has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Friday, August 25th. DA Davidson reiterated a “neutral” rating on shares of Sunstone Hotel Investors in a report on Wednesday, September 6th. Robert W. Baird reiterated a “hold” rating and issued a $17.00 price objective on shares of Sunstone Hotel Investors in a report on Thursday, September 21st. FBR & Co reiterated a “hold” rating on shares of Sunstone Hotel Investors in a report on Tuesday, October 31st. Finally, Boenning Scattergood reiterated a “hold” rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Sunstone Hotel Investors presently has a consensus rating of “Hold” and a consensus price target of $15.89.

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) traded up $0.10 during mid-day trading on Thursday, reaching $16.62. 1,644,700 shares of the company’s stock were exchanged, compared to its average volume of 1,908,250. Sunstone Hotel Investors, Inc. has a 52-week low of $14.15 and a 52-week high of $17.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75. The firm has a market cap of $3,722.31, a price-to-earnings ratio of 13.54, a P/E/G ratio of 2.76 and a beta of 1.11.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.18. The firm had revenue of $303.91 million for the quarter, compared to analyst estimates of $299.90 million. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.33 EPS. research analysts predict that Sunstone Hotel Investors, Inc. will post 1.2 EPS for the current fiscal year.

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About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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