Sunstone Hotel Investors, Inc. (NYSE:SHO) Stock Holdings Lifted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 7.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 67,830 shares of the real estate investment trust’s stock after purchasing an additional 4,492 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Sunstone Hotel Investors were worth $700,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SHO. Federated Hermes Inc. acquired a new position in Sunstone Hotel Investors in the 2nd quarter worth about $34,000. Quarry LP increased its holdings in Sunstone Hotel Investors by 584.1% in the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 3,680 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in Sunstone Hotel Investors during the second quarter valued at approximately $52,000. Harbor Capital Advisors Inc. acquired a new stake in Sunstone Hotel Investors in the third quarter valued at approximately $59,000. Finally, Blue Trust Inc. lifted its stake in Sunstone Hotel Investors by 342.9% in the second quarter. Blue Trust Inc. now owns 7,406 shares of the real estate investment trust’s stock valued at $83,000 after acquiring an additional 5,734 shares during the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

Shares of SHO stock opened at $10.75 on Friday. Sunstone Hotel Investors, Inc. has a 12 month low of $9.39 and a 12 month high of $11.59. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock has a 50 day moving average of $10.39 and a two-hundred day moving average of $10.26. The company has a market capitalization of $2.16 billion, a P/E ratio of 14.14, a P/E/G ratio of 5.69 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The company had revenue of $226.40 million for the quarter, compared to the consensus estimate of $224.61 million. During the same quarter last year, the business earned $0.23 EPS. Sunstone Hotel Investors’s quarterly revenue was down 8.6% compared to the same quarter last year. As a group, equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.35%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 42.11%.

Wall Street Analysts Forecast Growth

Separately, 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. One 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $11.42.

About Sunstone Hotel Investors

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.