Spirit of America Management Corp NY Has $141,000 Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Spirit of America Management Corp NY decreased its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 12.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,700 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Spirit of America Management Corp NY’s holdings in Sunstone Hotel Investors were worth $141,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SHO. Quadrature Capital Ltd acquired a new stake in shares of Sunstone Hotel Investors during the 4th quarter worth approximately $125,000. Diversified Trust Co boosted its position in shares of Sunstone Hotel Investors by 3.9% during the 1st quarter. Diversified Trust Co now owns 34,553 shares of the real estate investment trust’s stock worth $385,000 after acquiring an additional 1,303 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Sunstone Hotel Investors by 39.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 327,075 shares of the real estate investment trust’s stock valued at $3,644,000 after purchasing an additional 91,852 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in Sunstone Hotel Investors by 20.1% in the 1st quarter. BNP Paribas Financial Markets now owns 109,137 shares of the real estate investment trust’s stock valued at $1,216,000 after purchasing an additional 18,240 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in Sunstone Hotel Investors by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust’s stock valued at $232,000 after purchasing an additional 1,215 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

SHO stock opened at $10.26 on Friday. The company has a fifty day moving average price of $10.28 and a 200-day moving average price of $10.26. The company has a market capitalization of $2.09 billion, a P/E ratio of 11.39, a PEG ratio of 5.94 and a beta of 1.24. Sunstone Hotel Investors, Inc. has a 52-week low of $9.03 and a 52-week high of $11.59. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.75 and a current ratio of 3.75.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). The business had revenue of $247.50 million for the quarter, compared to the consensus estimate of $248.12 million. Sunstone Hotel Investors had a net margin of 19.51% and a return on equity of 9.75%. Sunstone Hotel Investors’s revenue was down 10.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. As a group, equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.85 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Monday, September 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 35.56%.

Analyst Ratings Changes

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

Sunstone Hotel Investors 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.