Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. increased its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 1.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,156,930 shares of the real estate investment trust’s stock after acquiring an additional 74,952 shares during the period. Charles Schwab Investment Management Inc. owned about 2.07% of Sunstone Hotel Investors worth $49,218,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in Sunstone Hotel Investors by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock valued at $49,284,000 after purchasing an additional 1,130,558 shares in the last quarter. Principal Financial Group Inc. raised its position in Sunstone Hotel Investors by 11.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust’s stock valued at $11,566,000 after purchasing an additional 116,058 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Sunstone Hotel Investors in the 3rd quarter valued at about $573,000. NFJ Investment Group LLC acquired a new stake in Sunstone Hotel Investors in the 3rd quarter valued at about $3,220,000. Finally, Geode Capital Management LLC raised its position in Sunstone Hotel Investors by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,247,927 shares of the real estate investment trust’s stock valued at $54,169,000 after purchasing an additional 109,327 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Trading Down 4.1 %

NYSE:SHO opened at $9.52 on Friday. The stock’s 50 day moving average price is $11.20 and its 200 day moving average price is $10.91. The company has a market capitalization of $1.91 billion, a PE ratio of 12.52, a P/E/G ratio of 4.52 and a beta of 1.19. 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 52-week low of $9.39 and a 52-week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The company had revenue of $214.77 million for the quarter, compared to the consensus estimate of $211.17 million. On average, research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.09 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.78%. Sunstone Hotel Investors’s dividend payout ratio is currently 257.14%.

Wall Street Analysts Forecast Growth

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

Sunstone Hotel Investors Company 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.