Independent Order of Foresters held its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,616 shares of the real estate investment trust’s stock at the end of the second quarter. Independent Order of Foresters’ holdings in Sunstone Hotel Investors were worth $268,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in SHO. Envestnet Asset Management Inc. boosted its stake in shares of Sunstone Hotel Investors by 6.0% in the first quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 449 shares during the period. Paragon Capital Management Ltd acquired a new stake in shares of Sunstone Hotel Investors during the first quarter valued at approximately $167,000. Greenwich Wealth Management LLC acquired a new stake in shares of Sunstone Hotel Investors during the first quarter valued at approximately $170,000. Breton Hill Capital Ltd. acquired a new stake in shares of Sunstone Hotel Investors during the first quarter valued at approximately $175,000. Finally, Utah Retirement Systems boosted its stake in shares of Sunstone Hotel Investors by 17.1% in the first quarter. Utah Retirement Systems now owns 12,986 shares of the real estate investment trust’s stock valued at $199,000 after buying an additional 1,900 shares during the period.
Shares of Sunstone Hotel Investors, Inc. (SHO) opened at 15.90 on Wednesday. The firm has a market cap of $3.58 billion, a PE ratio of 20.62 and a beta of 1.17. Sunstone Hotel Investors, Inc. has a 52-week low of $12.14 and a 52-week high of $16.86. The company’s 50-day moving average price is $16.27 and its 200-day moving average price is $15.49.
Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. The firm had revenue of $318.80 million during the quarter, compared to analyst estimates of $316.96 million. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.39 EPS. Equities analysts expect that Sunstone Hotel Investors, Inc. will post $0.64 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, September 28th. Sunstone Hotel Investors’s payout ratio is presently 25.64%.
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SHO has been the subject of several recent analyst reports. Canaccord Genuity raised their target price on Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. BidaskClub cut Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Boenning Scattergood reaffirmed a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, April 18th. Finally, FBR & Co raised their target price on Sunstone Hotel Investors from $15.00 to $16.00 and gave the stock a “mkt perform” rating in a research report on Thursday, May 4th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $15.64.
Sunstone Hotel Investors Company Profile
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.
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