Aperio Group LLC reduced its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,569 shares of the real estate investment trust’s stock after selling 25 shares during the period. Aperio Group LLC’s holdings in Sunstone Hotel Investors were worth $670,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. increased its position in Sunstone Hotel Investors by 3.9% in the first quarter. Vanguard Group Inc. now owns 36,097,308 shares of the real estate investment trust’s stock worth $553,372,000 after buying an additional 1,343,557 shares during the last quarter. BlackRock Inc. increased its position in Sunstone Hotel Investors by 5,722.3% in the first quarter. BlackRock Inc. now owns 19,544,184 shares of the real estate investment trust’s stock worth $299,613,000 after buying an additional 19,208,506 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Sunstone Hotel Investors by 1.2% in the first quarter. Daiwa Securities Group Inc. now owns 15,719,829 shares of the real estate investment trust’s stock worth $240,985,000 after buying an additional 190,954 shares during the last quarter. Principal Financial Group Inc. increased its position in Sunstone Hotel Investors by 4.9% in the first quarter. Principal Financial Group Inc. now owns 12,711,908 shares of the real estate investment trust’s stock worth $194,860,000 after buying an additional 596,757 shares during the last quarter. Finally, State Street Corp increased its position in Sunstone Hotel Investors by 1.5% in the first quarter. State Street Corp now owns 8,509,744 shares of the real estate investment trust’s stock worth $130,452,000 after buying an additional 129,397 shares during the last quarter.
Shares of Sunstone Hotel Investors, Inc. (NYSE SHO) traded up 0.84% during mid-day trading on Tuesday, reaching $15.55. 508,429 shares of the company traded hands. The stock has a market capitalization of $3.50 billion, a PE ratio of 20.17 and a beta of 1.17. The stock’s 50 day moving average is $16.01 and its 200 day moving average is $15.57. Sunstone Hotel Investors, Inc. has a 52-week low of $12.14 and a 52-week high of $16.86.
Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Sunstone Hotel Investors had a return on equity of 7.70% and a net margin of 15.41%. The firm had revenue of $318.80 million during the quarter, compared to the consensus estimate of $316.96 million. During the same quarter in the prior year, the firm posted $0.39 EPS. The business’s revenue was down 1.0% on a year-over-year basis. On average, analysts anticipate that Sunstone Hotel Investors, Inc. will post $0.69 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, September 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 25.64%.
SHO has been the topic of a number of recent research reports. Canaccord Genuity raised their price target on shares of 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 downgraded shares of Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 1st. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Friday, June 9th. FBR & Co lifted their price objective on shares of Sunstone Hotel Investors from $15.00 to $16.00 and gave the company a “mkt perform” rating in a research report on Thursday, May 4th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $17.00 price objective (up from $16.00) on shares of Sunstone Hotel Investors in a research report on Friday, June 16th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently 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.
Receive News & Ratings for Sunstone Hotel Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunstone Hotel Investors Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
