Invictus RG purchased a new stake in Sunstone Hotel Investors Inc (NYSE:SHO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 24,066 shares of the real estate investment trust’s stock, valued at approximately $398,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. California Public Employees Retirement System lifted its holdings in shares of Sunstone Hotel Investors by 6.6% during the 3rd quarter. California Public Employees Retirement System now owns 648,218 shares of the real estate investment trust’s stock worth $10,417,000 after acquiring an additional 40,279 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sunstone Hotel Investors by 23.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,655 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 3,757 shares during the period. ClariVest Asset Management LLC grew its position in shares of Sunstone Hotel Investors by 3.4% during the third quarter. ClariVest Asset Management LLC now owns 196,500 shares of the real estate investment trust’s stock worth $3,158,000 after buying an additional 6,500 shares in the last quarter. Prudential Financial Inc. grew its position in shares of Sunstone Hotel Investors by 6.1% during the third quarter. Prudential Financial Inc. now owns 2,496,710 shares of the real estate investment trust’s stock worth $40,122,000 after buying an additional 143,639 shares in the last quarter. Finally, Nationwide Fund Advisors grew its position in shares of Sunstone Hotel Investors by 22.8% during the third quarter. Nationwide Fund Advisors now owns 464,047 shares of the real estate investment trust’s stock worth $7,457,000 after buying an additional 86,234 shares in the last quarter.
Shares of Sunstone Hotel Investors Inc (SHO) traded up $0.11 during midday trading on Wednesday, hitting $14.90. The company had a trading volume of 1,573,882 shares, compared to its average volume of 2,045,914. Sunstone Hotel Investors Inc has a twelve month low of $14.09 and a twelve month high of $17.46. The firm has a market capitalization of $3,348.28, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 2.64 and a beta of 1.16. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.42.
Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Monday, February 12th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a return on equity of 5.56% and a net margin of 12.53%. The business had revenue of $290.19 million for the quarter, compared to the consensus estimate of $284.59 million. During the same quarter in the previous year, the company posted $0.29 EPS. Sunstone Hotel Investors’s revenue for the quarter was up .2% on a year-over-year basis. equities analysts anticipate that Sunstone Hotel Investors Inc will post 1.12 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Wednesday, March 28th. Sunstone Hotel Investors’s dividend payout ratio is currently 386.67%.
In other news, CFO Bryan Albert Giglia sold 18,426 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction of $308,266.98. Following the sale, the chief financial officer now owns 229,833 shares of the company’s stock, valued at $3,845,106.09. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.84% of the company’s stock.
A number of equities analysts have commented on SHO shares. Robert W. Baird set a $17.00 price objective on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a report on Wednesday, February 14th. B. Riley set a $16.00 price objective on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Monday, February 12th. Raymond James Financial restated a “market perform” rating on shares of Sunstone Hotel Investors in a research note on Monday, January 8th. Wells Fargo & Co reiterated a “market perform” rating and issued a $17.50 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, December 19th. Finally, Boenning Scattergood raised Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 21st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.93.
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Sunstone Hotel Investors Company Profile
Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.
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