Sunstone Hotel Investors, Inc. (NYSE:SHO) Stake Trimmed by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund cut its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 48.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 107,300 shares of the real estate investment trust’s stock after selling 99,700 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Sunstone Hotel Investors were worth $1,107,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in SHO. Daiwa Securities Group Inc. grew its position in Sunstone Hotel Investors by 7.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 67,830 shares of the real estate investment trust’s stock worth $700,000 after purchasing an additional 4,492 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Sunstone Hotel Investors by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,081,978 shares of the real estate investment trust’s stock valued at $42,126,000 after buying an additional 117,390 shares during the period. Intech Investment Management LLC purchased a new stake in Sunstone Hotel Investors in the 3rd quarter worth about $573,000. Metis Global Partners LLC boosted its position in Sunstone Hotel Investors by 29.8% during the 3rd quarter. Metis Global Partners LLC now owns 20,942 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 4,804 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of Sunstone Hotel Investors in the 3rd quarter valued at about $258,000. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Stock Performance

Shares of SHO opened at $10.77 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. Sunstone Hotel Investors, Inc. has a 12 month low of $9.39 and a 12 month high of $11.59. The company’s fifty day moving average is $10.39 and its 200-day moving average is $10.26. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 14.14, a price-to-earnings-growth ratio of 5.69 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The company had revenue of $226.40 million during the quarter, compared to analyst estimates of $224.61 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. Sunstone Hotel Investors’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 EPS. Equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend is Tuesday, December 31st. Sunstone Hotel Investors’s dividend payout ratio is 44.74%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price objective on the stock in a research note on Friday, September 13th. One investment 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 company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $11.42.

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.