Nationwide Fund Advisors increased its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 20.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 377,813 shares of the real estate investment trust’s stock after acquiring an additional 65,120 shares during the period. Nationwide Fund Advisors owned approximately 0.17% of Sunstone Hotel Investors worth $6,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHO. BlackRock Inc. boosted its position in shares of Sunstone Hotel Investors by 5,722.3% in the 1st quarter. BlackRock Inc. now owns 19,544,184 shares of the real estate investment trust’s stock worth $299,613,000 after buying an additional 19,208,506 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of Sunstone Hotel Investors by 41.8% during the 2nd quarter. Franklin Resources Inc. now owns 5,061,301 shares of the real estate investment trust’s stock worth $81,588,000 after purchasing an additional 1,490,802 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Sunstone Hotel Investors by 3.9% during the 1st quarter. Vanguard Group Inc. now owns 36,097,308 shares of the real estate investment trust’s stock worth $553,372,000 after purchasing an additional 1,343,557 shares during the last quarter. Frontier Capital Management Co. LLC boosted its stake in shares of Sunstone Hotel Investors by 43.3% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 4,184,909 shares of the real estate investment trust’s stock worth $67,461,000 after purchasing an additional 1,263,508 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Sunstone Hotel Investors by 49.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,643,022 shares of the real estate investment trust’s stock worth $42,605,000 after purchasing an additional 873,060 shares during the last quarter.

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

Sunstone Hotel Investors, Inc. (NYSE SHO) opened at 16.04 on Tuesday. Sunstone Hotel Investors, Inc. has a 12 month low of $12.14 and a 12 month high of $16.86. The firm has a market capitalization of $3.61 billion, a P/E ratio of 20.80 and a beta of 1.17. The stock’s 50 day moving average price is $15.73 and its 200 day moving average price is $15.75.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.20 annualized dividend and a yield of 1.25%. Sunstone Hotel Investors’s dividend payout ratio is 25.64%.

ILLEGAL ACTIVITY WARNING: “Nationwide Fund Advisors Grows Position in Sunstone Hotel Investors, Inc. (SHO)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another website, it was illegally stolen and reposted in violation of US and international trademark & copyright legislation. The original version of this piece of content can be read at https://www.watchlistnews.com/nationwide-fund-advisors-grows-position-in-sunstone-hotel-investors-inc-sho/1604714.html.

About Sunstone Hotel Investors

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.

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.