SG Americas Securities LLC reduced its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 5.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,475 shares of the real estate investment trust’s stock after selling 3,202 shares during the period. SG Americas Securities LLC’s holdings in Sunstone Hotel Investors were worth $896,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Quotient Investors LLC bought a new stake in Sunstone Hotel Investors during the first quarter worth about $492,000. Bank of Montreal Can increased its stake in Sunstone Hotel Investors by 1,404.7% in the first quarter. Bank of Montreal Can now owns 429,333 shares of the real estate investment trust’s stock worth $6,581,000 after buying an additional 400,800 shares during the last quarter. Teachers Advisors LLC increased its stake in Sunstone Hotel Investors by 1.7% in the fourth quarter. Teachers Advisors LLC now owns 2,185,012 shares of the real estate investment trust’s stock worth $33,321,000 after buying an additional 36,966 shares during the last quarter. Norges Bank bought a new stake in Sunstone Hotel Investors during the fourth quarter worth about $31,167,000. Finally, Bowling Portfolio Management LLC increased its stake in Sunstone Hotel Investors by 23.8% in the fourth quarter. Bowling Portfolio Management LLC now owns 32,543 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 6,249 shares during the last quarter.
Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) opened at 16.54 on Friday. The firm’s 50-day moving average is $15.75 and its 200 day moving average is $15.26. Sunstone Hotel Investors, Inc. has a 1-year low of $11.26 and a 1-year high of $16.61. The stock has a market capitalization of $3.65 billion, a P/E ratio of 20.00 and a beta of 1.21.
Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. Sunstone Hotel Investors had a return on equity of 8.31% and a net margin of 16.42%. The firm had revenue of $280.74 million for the quarter, compared to the consensus estimate of $271.02 million. On average, analysts expect that Sunstone Hotel Investors, Inc. will post $0.62 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. Sunstone Hotel Investors’s dividend payout ratio is currently 24.10%.
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A number of equities research analysts recently issued reports on the stock. Robert W. Baird restated a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Sunstone Hotel Investors in a report on Friday. Zacks Investment Research upgraded shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Friday, June 9th. FBR & Co boosted their target price on shares of Sunstone Hotel Investors from $15.00 to $16.00 and gave the company a “mkt perform” rating in a report on Thursday, May 4th. Canaccord Genuity restated a “buy” rating and issued a $17.00 target price on shares of Sunstone Hotel Investors in a report on Wednesday, May 3rd. Finally, Boenning Scattergood restated a “neutral” rating on shares of Sunstone Hotel Investors in a report on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus price target of $15.42.
About Sunstone Hotel Investors
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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