Mutual of America Capital Management LLC Sells 2,893 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Mutual of America Capital Management LLC lowered its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 8.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,584 shares of the real estate investment trust’s stock after selling 2,893 shares during the period. Mutual of America Capital Management LLC’s holdings in Sunstone Hotel Investors were worth $316,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of SHO. Quadrature Capital Ltd grew its stake in Sunstone Hotel Investors by 123.9% in the 1st quarter. Quadrature Capital Ltd now owns 26,144 shares of the real estate investment trust’s stock worth $291,000 after buying an additional 14,469 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Sunstone Hotel Investors by 6.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 106,553 shares of the real estate investment trust’s stock worth $1,188,000 after purchasing an additional 6,439 shares in the last quarter. Plato Investment Management Ltd bought a new position in Sunstone Hotel Investors in the 1st quarter worth $49,000. M&G Plc bought a new position in Sunstone Hotel Investors in the 2nd quarter worth $157,000. Finally, Diversified Trust Co increased its stake in shares of Sunstone Hotel Investors by 5.8% in the 2nd quarter. Diversified Trust Co now owns 36,571 shares of the real estate investment trust’s stock worth $383,000 after acquiring an additional 2,018 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO opened at $10.75 on Friday. Sunstone Hotel Investors, Inc. has a 1-year low of $9.39 and a 1-year high of $11.59. The firm’s 50 day simple moving average is $10.39 and its two-hundred day simple moving average is $10.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The company has a market capitalization of $2.16 billion, a P/E ratio of 14.14, a P/E/G ratio of 5.81 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). The business had revenue of $226.40 million for the quarter, compared to analysts’ expectations of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. Sunstone Hotel Investors’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS. Research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 44.74%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 target price for the company in a research report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sunstone Hotel Investors has an average rating of “Hold” and an average target price of $11.42.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.