Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Purchased by Sei Investments Co.

Sei Investments Co. lifted its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 10.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 173,058 shares of the real estate investment trust’s stock after purchasing an additional 16,829 shares during the period. Sei Investments Co. owned approximately 0.08% of Sunstone Hotel Investors worth $1,810,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHO. Balyasny Asset Management L.P. lifted its stake in shares of Sunstone Hotel Investors by 313.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,873,721 shares of the real estate investment trust’s stock valued at $41,565,000 after purchasing an additional 2,937,603 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in Sunstone Hotel Investors by 318.0% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,367,061 shares of the real estate investment trust’s stock worth $14,299,000 after acquiring an additional 1,039,986 shares during the last quarter. Russell Investments Group Ltd. raised its position in Sunstone Hotel Investors by 572.0% during the first quarter. Russell Investments Group Ltd. now owns 219,000 shares of the real estate investment trust’s stock worth $2,440,000 after acquiring an additional 186,413 shares during the last quarter. Hantz Financial Services Inc. acquired a new position in Sunstone Hotel Investors during the second quarter worth about $1,664,000. Finally, Panagora Asset Management Inc. raised its position in Sunstone Hotel Investors by 14.1% during the second quarter. Panagora Asset Management Inc. now owns 1,203,601 shares of the real estate investment trust’s stock worth $12,590,000 after acquiring an additional 148,899 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 target price for the company in a research report on Friday, September 13th. StockNews.com cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Wolfe Research upgraded shares of Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research report on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $11.42.

Sunstone Hotel Investors Stock Performance

NYSE:SHO opened at $10.47 on Friday. The firm has a 50 day simple moving average of $10.17 and a 200-day simple moving average of $10.34. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.75 and a quick ratio of 3.75. The firm has a market cap of $2.13 billion, a PE ratio of 11.63, a P/E/G ratio of 4.33 and a beta of 1.24. Sunstone Hotel Investors, Inc. has a 1-year low of $9.03 and a 1-year high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). Sunstone Hotel Investors had a net margin of 19.51% and a return on equity of 9.75%. The firm had revenue of $247.50 million during the quarter, compared to analyst estimates of $248.12 million. During the same period in the prior year, the firm earned $0.33 EPS. The business’s quarterly revenue was down 10.4% on a year-over-year basis. On average, equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.89 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.09 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.44%. Sunstone Hotel Investors’s payout ratio is 35.56%.

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.