Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 0.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 648,012 shares of the real estate investment trust’s stock after selling 1,544 shares during the period. Rhumbline Advisers owned 0.32% of Sunstone Hotel Investors worth $7,672,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of SHO. GAMMA Investing LLC lifted its stake in shares of Sunstone Hotel Investors by 114.1% in the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,743 shares during the period. Harbor Capital Advisors Inc. bought a new stake in Sunstone Hotel Investors during the third quarter worth approximately $59,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in Sunstone Hotel Investors by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 1,937 shares in the last quarter. KBC Group NV lifted its position in Sunstone Hotel Investors by 55.4% in the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 3,249 shares during the period. Finally, Longboard Asset Management LP bought a new position in Sunstone Hotel Investors during the 4th quarter valued at $141,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Trading Down 0.7 %

Shares of NYSE SHO opened at $10.50 on Wednesday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors, Inc. has a 12 month low of $9.39 and a 12 month high of $12.41. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 13.81, a P/E/G ratio of 4.52 and a beta of 1.20. The business has a fifty day simple moving average of $11.56 and a 200-day simple moving average of $10.89.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company had revenue of $214.77 million during the quarter, compared to analyst estimates of $211.17 million. Sell-side analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.43%. The ex-dividend date of this dividend is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio is 257.14%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SHO. Jefferies Financial Group boosted their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley reiterated an “underweight” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company reduced their price objective on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $11.71.

Sunstone Hotel Investors Profile

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.