Quantitative Investment Management LLC purchased a new stake in shares of Sunstone Hotel Investors (NYSE:SHO) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 37,000 shares of the real estate investment trust’s stock, valued at approximately $611,000.

A number of other large investors have also bought and sold shares of SHO. Nisa Investment Advisors LLC bought a new stake in Sunstone Hotel Investors during the fourth quarter valued at about $155,000. Lourd Capital LLC bought a new stake in Sunstone Hotel Investors during the fourth quarter valued at about $204,000. Koch Industries Inc. bought a new stake in Sunstone Hotel Investors during the fourth quarter valued at about $212,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Sunstone Hotel Investors by 23.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,655 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 3,757 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Sunstone Hotel Investors in the third quarter worth about $364,000.

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Shares of Sunstone Hotel Investors (SHO) opened at $14.64 on Friday. Sunstone Hotel Investors has a twelve month low of $14.09 and a twelve month high of $17.46. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.00 and a quick ratio of 3.00. The stock has a market capitalization of $3,364.05, a PE ratio of 24.40, a PEG ratio of 2.66 and a beta of 1.16.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a return on equity of 5.56% and a net margin of 12.53%. The company had revenue of $290.19 million for the quarter, compared to the consensus estimate of $284.59 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. research analysts anticipate that Sunstone Hotel Investors will post 1.12 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.20 annualized dividend and a yield of 1.37%. Sunstone Hotel Investors’s payout ratio is currently 386.67%.

SHO has been the topic of several research reports. Wells Fargo reaffirmed a “market perform” rating and issued a $17.50 target price on shares of Sunstone Hotel Investors in a report on Tuesday, December 19th. Raymond James Financial reaffirmed a “market perform” rating on shares of Sunstone Hotel Investors in a report on Monday, January 8th. B. Riley set a $16.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a report on Monday, February 12th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Sunstone Hotel Investors in a report on Wednesday, February 14th. Finally, Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a report on Wednesday, February 14th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $15.93.

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Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2018 has interests in 25 hotels comprised of 12,450 rooms. Sunstone's hotels are primarily in the urban and resort upper upscale segment and are predominantly 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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