Guggenheim Capital LLC increased its position in Sunstone Hotel Investors (NYSE:SHO) by 7.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 185,465 shares of the real estate investment trust’s stock after purchasing an additional 13,004 shares during the period. Guggenheim Capital LLC’s holdings in Sunstone Hotel Investors were worth $3,065,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC acquired a new position in Sunstone Hotel Investors in the 4th quarter worth approximately $155,000. Lourd Capital LLC acquired a new position in Sunstone Hotel Investors in the 4th quarter worth approximately $204,000. Koch Industries Inc. acquired a new position in Sunstone Hotel Investors in the 4th quarter worth approximately $212,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sunstone Hotel Investors by 23.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,655 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 3,757 shares during the period. Finally, Jane Street Group LLC acquired a new position in Sunstone Hotel Investors in the 3rd quarter worth approximately $364,000.
SHO has been the subject of a number of recent analyst reports. Boenning Scattergood raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 21st. Raymond James Financial reaffirmed a “market perform” rating on shares of Sunstone Hotel Investors in a research note on Monday, January 8th. Wells Fargo reaffirmed a “market perform” rating and issued a $17.50 price objective on shares of Sunstone Hotel Investors in a research note on Tuesday, December 19th. B. Riley set a $16.00 price objective on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research note on Monday, February 12th. Finally, Robert W. Baird set a $17.00 price objective on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.93.
Shares of NYSE:SHO opened at $14.83 on Monday. The firm has a market cap of $3,341.53, a price-to-earnings ratio of 12.16, a P/E/G ratio of 2.64 and a beta of 1.06. Sunstone Hotel Investors has a 12-month low of $14.09 and a 12-month high of $17.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.00 and a quick ratio of 3.00.
Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.19). The company had revenue of $290.19 million for the quarter, compared to analyst estimates of $284.59 million. Sunstone Hotel Investors had a net margin of 12.53% and a return on equity of 5.56%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. equities analysts forecast that Sunstone Hotel Investors will post 1.12 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend is Wednesday, March 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 16.39%.
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About Sunstone Hotel Investors
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2018 has interests in 25 hotels comprised of 12,450 rooms. Sunstone's hotels are primarily in the urban and resort upper upscale segment and are predominantly operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
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