Dynamic Technology Lab Private Ltd bought a new position in shares of Sunstone Hotel Investors Inc (NYSE:SHO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,862 shares of the real estate investment trust’s stock, valued at approximately $180,000.

A number of other hedge funds have also bought and sold shares of the business. RVB Capital Management LLC acquired a new stake in Sunstone Hotel Investors during the second quarter worth $7,479,000. Baird Financial Group Inc. acquired a new stake in Sunstone Hotel Investors during the second quarter worth $4,098,000. Renaissance Technologies LLC increased its stake in Sunstone Hotel Investors by 189.5% during the second quarter. Renaissance Technologies LLC now owns 746,296 shares of the real estate investment trust’s stock worth $12,403,000 after acquiring an additional 488,500 shares during the last quarter. Heitman Real Estate Securities LLC increased its stake in Sunstone Hotel Investors by 51.0% during the second quarter. Heitman Real Estate Securities LLC now owns 2,662,230 shares of the real estate investment trust’s stock worth $47,086,000 after acquiring an additional 899,398 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Sunstone Hotel Investors by 1,518.8% during the second quarter. Envestnet Asset Management Inc. now owns 144,528 shares of the real estate investment trust’s stock worth $2,401,000 after acquiring an additional 135,600 shares during the last quarter.

Shares of NYSE SHO opened at $16.35 on Wednesday. Sunstone Hotel Investors Inc has a twelve month low of $14.09 and a twelve month high of $17.60. The company has a quick ratio of 5.61, a current ratio of 5.62 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.77 billion, a PE ratio of 13.40, a PEG ratio of 3.17 and a beta of 1.03.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.16). Sunstone Hotel Investors had a net margin of 10.08% and a return on equity of 4.26%. The firm had revenue of $317.40 million during the quarter, compared to analyst estimates of $317.54 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was down .4% compared to the same quarter last year. research analysts anticipate that Sunstone Hotel Investors Inc will post 1.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.22%. Sunstone Hotel Investors’s payout ratio is presently 16.39%.

Several equities research analysts have issued reports on SHO shares. Zacks Investment Research raised Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, July 11th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Sunstone Hotel Investors in a research note on Friday, June 1st. Jefferies Financial Group assumed coverage on Sunstone Hotel Investors in a research note on Thursday, May 31st. They issued a “hold” rating and a $17.00 price objective for the company. ValuEngine cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Barclays lifted their price objective on Sunstone Hotel Investors from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Friday, June 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Sunstone Hotel Investors currently has an average rating of “Hold” and an average price target of $16.94.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of July 30, 2018 has interests in 24 hotels comprised of 12,046 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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