Sei Investments Co. increased its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 7.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 559,346 shares of the real estate investment trust’s stock after buying an additional 37,644 shares during the period. Sei Investments Co.’s holdings in Sunstone Hotel Investors were worth $9,017,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SHO. Envestnet Asset Management Inc. increased its position in shares of Sunstone Hotel Investors by 6.0% in the first quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 449 shares in the last quarter. Paragon Capital Management Ltd bought a new position in shares of Sunstone Hotel Investors during the first quarter worth about $167,000. Greenwich Wealth Management LLC bought a new position in shares of Sunstone Hotel Investors during the first quarter worth about $170,000. Breton Hill Capital Ltd. bought a new position in shares of Sunstone Hotel Investors during the first quarter worth about $175,000. Finally, Utah Retirement Systems increased its position in shares of Sunstone Hotel Investors by 17.1% in the first quarter. Utah Retirement Systems now owns 12,986 shares of the real estate investment trust’s stock worth $199,000 after buying an additional 1,900 shares in the last quarter.

Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) opened at 15.50 on Friday. Sunstone Hotel Investors, Inc. has a one year low of $12.14 and a one year high of $16.86. The stock has a market capitalization of $3.49 billion, a P/E ratio of 20.10 and a beta of 1.17. The stock’s 50 day moving average is $16.15 and its 200-day moving average is $15.53.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The company had revenue of $318.80 million during the quarter, compared to the consensus estimate of $316.96 million. During the same period in the prior year, the company earned $0.39 EPS. Sunstone Hotel Investors’s revenue was down 1.0% on a year-over-year basis. On average, equities research analysts expect that Sunstone Hotel Investors, Inc. will post $0.64 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, September 28th. Sunstone Hotel Investors’s payout ratio is 25.64%.

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Several research firms have weighed in on SHO. Canaccord Genuity restated a “buy” rating and set a $17.00 target price on shares of Sunstone Hotel Investors in a report on Wednesday, May 3rd. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, May 17th. Finally, BidaskClub downgraded shares of Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $15.64.

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.

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

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