Cornerstone Capital Management Holdings LLC. lifted its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 422,936 shares of the real estate investment trust’s stock after acquiring an additional 8,590 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.19% of Sunstone Hotel Investors worth $6,796,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Sunstone Hotel Investors by 4.5% during the second quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock valued at $607,999,000 after acquiring an additional 1,619,745 shares during the last quarter. BlackRock Inc. lifted its position in Sunstone Hotel Investors by 1.3% during the second quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock worth $319,172,000 after buying an additional 255,552 shares during the period. Principal Financial Group Inc. lifted its position in Sunstone Hotel Investors by 3.5% during the third quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock worth $206,238,000 after buying an additional 431,187 shares during the period. State Street Corp lifted its position in Sunstone Hotel Investors by 2.6% during the second quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock worth $140,687,000 after buying an additional 217,834 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Sunstone Hotel Investors by 9.3% during the third quarter. JPMorgan Chase & Co. now owns 6,531,026 shares of the real estate investment trust’s stock worth $105,148,000 after buying an additional 554,518 shares during the period.

Several equities analysts recently weighed in on the company. J P Morgan Chase & Co downgraded Sunstone Hotel Investors from a “neutral” rating to an “underweight” rating and set a $14.00 target price on the stock. in a research report on Thursday, November 16th. B. Riley reiterated a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Boenning Scattergood reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Finally, FBR & Co reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Four analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. Sunstone Hotel Investors currently has a consensus rating of “Hold” and a consensus target price of $15.89.

Sunstone Hotel Investors, Inc. (SHO) traded up $0.19 during trading on Thursday, hitting $16.85. The stock had a trading volume of 1,993,800 shares, compared to its average volume of 1,914,192. The stock has a market cap of $3,753.86, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 2.79 and a beta of 1.11. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors, Inc. has a 52 week low of $14.15 and a 52 week high of $17.15.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.18. The company had revenue of $303.91 million for the quarter, compared to the consensus estimate of $299.90 million. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $0.33 EPS. analysts expect that Sunstone Hotel Investors, Inc. will post 1.2 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 13.77%. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. The ex-dividend date is Thursday, December 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 29.85%.

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Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

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

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