Fisher Asset Management LLC Cuts Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Fisher Asset Management LLC decreased its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,656,635 shares of the real estate investment trust’s stock after selling 146,458 shares during the quarter. Fisher Asset Management LLC owned about 0.82% of Sunstone Hotel Investors worth $19,615,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of SHO. GAMMA Investing LLC raised its position in Sunstone Hotel Investors by 114.1% in the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,743 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in Sunstone Hotel Investors in the third quarter valued at $59,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Sunstone Hotel Investors by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 1,937 shares during the last quarter. KBC Group NV grew its holdings in Sunstone Hotel Investors by 55.4% in the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 3,249 shares during the last quarter. Finally, Longboard Asset Management LP acquired a new stake in Sunstone Hotel Investors in the fourth quarter valued at $141,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Down 0.2 %

SHO opened at $10.46 on Tuesday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.10 billion, a P/E ratio of 13.76, a PEG ratio of 4.52 and a beta of 1.20. Sunstone Hotel Investors, Inc. has a 52 week low of $9.39 and a 52 week high of $12.41. The business’s fifty day simple moving average is $11.43 and its 200 day simple moving average is $10.91.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. As a group, equities research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Monday, March 31st. Sunstone Hotel Investors’s payout ratio is 257.14%.

Wall Street Analyst Weigh In

SHO has been the topic of several research reports. Jefferies Financial Group upped their target price on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Morgan Stanley reissued an “underweight” rating and issued a $10.00 target price on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Finally, Wells Fargo & Company lowered their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus price target of $11.71.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.