Barings LLC decreased its position in Sunstone Hotel Investors Inc (NYSE:SHO) by 2.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,039,898 shares of the real estate investment trust’s stock after selling 27,630 shares during the quarter. Barings LLC owned 0.46% of Sunstone Hotel Investors worth $17,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in SHO. Rothschild Asset Management Inc. bought a new stake in Sunstone Hotel Investors in the 3rd quarter worth approximately $13,013,000. Daiwa Securities Group Inc. increased its stake in Sunstone Hotel Investors by 5.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 14,046,576 shares of the real estate investment trust’s stock worth $232,190,000 after acquiring an additional 754,542 shares during the last quarter. Adelante Capital Management LLC increased its position in shares of Sunstone Hotel Investors by 133.9% during the 3rd quarter. Adelante Capital Management LLC now owns 1,020,403 shares of the real estate investment trust’s stock valued at $16,398,000 after purchasing an additional 584,135 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 valued at $105,148,000 after purchasing an additional 554,518 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Sunstone Hotel Investors by 18.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,133,327 shares of the real estate investment trust’s stock valued at $50,352,000 after purchasing an additional 490,305 shares during the last quarter.
In related news, CFO Bryan Albert Giglia sold 18,426 shares of the business’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction of $308,266.98. Following the completion of the transaction, the chief financial officer now owns 229,833 shares in the company, valued at approximately $3,845,106.09. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.84% of the stock is owned by insiders.
Sunstone Hotel Investors Inc (SHO) opened at $15.77 on Wednesday. Sunstone Hotel Investors Inc has a 1-year low of $14.15 and a 1-year high of $17.46. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $3,550.00, a price-to-earnings ratio of 27.67, a P/E/G ratio of 2.63 and a beta of 1.04.
Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The business had revenue of $290.19 million for the quarter, compared to analysts’ expectations of $284.59 million. During the same quarter in the previous year, the firm earned $0.29 EPS. Sunstone Hotel Investors’s revenue was up .2% compared to the same quarter last year. equities analysts expect that Sunstone Hotel Investors Inc will post 1.2 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, March 28th. Sunstone Hotel Investors’s payout ratio is currently 407.02%.
Several equities analysts have recently weighed in on the company. B. Riley set a $16.00 target price on Sunstone Hotel Investors and gave the company a “hold” rating in a research report on Monday. JPMorgan Chase & Co. boosted their target price on Sunstone Hotel Investors from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. Raymond James Financial reissued a “market perform” rating on shares of Sunstone Hotel Investors in a research report on Monday, January 8th. Boenning Scattergood reissued a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Finally, Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $16.06.
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Sunstone Hotel Investors 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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