Menta Capital LLC bought a new stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 19,100 shares of the real estate investment trust’s stock, valued at approximately $308,000.

Several other large investors have also recently modified their holdings of the company. US Bancorp DE grew its holdings in shares of Sunstone Hotel Investors by 20.9% in the 1st quarter. US Bancorp DE now owns 14,142 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 2,448 shares during the last quarter. American International Group Inc. increased its position in shares of Sunstone Hotel Investors by 5.5% during the 1st quarter. American International Group Inc. now owns 131,965 shares of the real estate investment trust’s stock worth $2,023,000 after purchasing an additional 6,906 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Sunstone Hotel Investors by 6.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 449 shares in the last quarter. Legal & General Group Plc increased its position in shares of Sunstone Hotel Investors by 22.7% during the 2nd quarter. Legal & General Group Plc now owns 671,442 shares of the real estate investment trust’s stock worth $10,829,000 after purchasing an additional 124,144 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Sunstone Hotel Investors by 2.4% during the 1st quarter. California Public Employees Retirement System now owns 598,439 shares of the real estate investment trust’s stock valued at $9,174,000 after purchasing an additional 13,900 shares during the last quarter.

A number of equities analysts have commented on SHO shares. BidaskClub lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Canaccord Genuity raised their price objective on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. Robert W. Baird reaffirmed a “hold” rating and set a $17.00 price objective on shares of Sunstone Hotel Investors in a report on Thursday, September 21st. Finally, Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.33.

Shares of Sunstone Hotel Investors, Inc. (SHO) opened at 15.90 on Wednesday. The firm has a market cap of $3.58 billion, a PE ratio of 20.62 and a beta of 1.17. Sunstone Hotel Investors, Inc. has a 52-week low of $12.14 and a 52-week high of $16.86. The firm has a 50-day moving average of $15.73 and a 200 day moving average of $15.75.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Sunstone Hotel Investors had a return on equity of 7.70% and a net margin of 15.41%. The company had revenue of $318.80 million during the quarter, compared to analysts’ expectations of $316.96 million. During the same quarter in the previous year, the firm earned $0.39 EPS. Sunstone Hotel Investors’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts predict that Sunstone Hotel Investors, Inc. will post $0.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.26%. The ex-dividend date is Thursday, September 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 25.64%.

COPYRIGHT VIOLATION WARNING: This news story was reported by Watch List News and is the property of of Watch List News. If you are reading this news story on another website, it was illegally stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this news story can be accessed at https://www.watchlistnews.com/menta-capital-llc-takes-308000-position-in-sunstone-hotel-investors-inc-sho/1607048.html.

Sunstone Hotel Investors Company 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.

Want to see what other hedge funds are holding SHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunstone Hotel Investors, Inc. (NYSE:SHO).

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

Receive News & Ratings for Sunstone Hotel Investors Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunstone Hotel Investors Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.