Vident Investment Advisory LLC grew its holdings in shares of Sunstone Hotel Investors Inc (NYSE:SHO) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 216,551 shares of the real estate investment trust’s stock after buying an additional 8,805 shares during the period. Vident Investment Advisory LLC owned 0.09% of Sunstone Hotel Investors worth $3,599,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SHO. Centersquare Investment Management LLC increased its stake in shares of Sunstone Hotel Investors by 32.4% during the second quarter. Centersquare Investment Management LLC now owns 8,004,741 shares of the real estate investment trust’s stock valued at $133,039,000 after buying an additional 1,957,744 shares during the period. BlackRock Inc. increased its stake in shares of Sunstone Hotel Investors by 8.0% during the second quarter. BlackRock Inc. now owns 23,006,585 shares of the real estate investment trust’s stock valued at $382,369,000 after buying an additional 1,702,618 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Sunstone Hotel Investors by 29.7% during the first quarter. Nuveen Asset Management LLC now owns 6,272,821 shares of the real estate investment trust’s stock valued at $95,472,000 after buying an additional 1,434,991 shares during the period. Heitman Real Estate Securities LLC increased its stake in shares of Sunstone Hotel Investors by 51.0% during the second quarter. Heitman Real Estate Securities LLC now owns 2,662,230 shares of the real estate investment trust’s stock valued at $47,086,000 after buying an additional 899,398 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in shares of Sunstone Hotel Investors by 25.2% during the second quarter. Bank of New York Mellon Corp now owns 4,133,159 shares of the real estate investment trust’s stock valued at $68,694,000 after buying an additional 833,085 shares during the period.

Shares of SHO stock opened at $16.66 on Friday. The firm has a market capitalization of $3.77 billion, a P/E ratio of 13.66, a PEG ratio of 3.17 and a beta of 1.03. Sunstone Hotel Investors Inc has a twelve month low of $14.09 and a twelve month high of $17.60. The company has a debt-to-equity ratio of 0.40, a quick ratio of 5.61 and a current ratio of 5.62.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Monday, July 30th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.16). Sunstone Hotel Investors had a return on equity of 4.26% and a net margin of 10.08%. The company had revenue of $317.40 million during the quarter, compared to the consensus estimate of $317.54 million. During the same period last year, the firm posted $0.38 earnings per share. The company’s revenue was down .4% compared to the same quarter last year. equities analysts anticipate that Sunstone Hotel Investors Inc will post 1.13 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.20%. The ex-dividend date is Thursday, September 27th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 16.39%.

Several equities analysts have recently issued reports on the company. Zacks Investment Research raised Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Saturday, July 21st. Wells Fargo & Co reaffirmed a “hold” rating on shares of Sunstone Hotel Investors in a research note on Friday, June 1st. Jefferies Financial Group started coverage on Sunstone Hotel Investors in a research note on Thursday, May 31st. They issued a “hold” rating and a $17.00 price target on the stock. Barclays upped their price target on Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, June 1st. Finally, ValuEngine cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $16.94.

Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of July 30, 2018 has interests in 24 hotels comprised of 12,046 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate, the majority of which are 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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