Blue Trust Inc. Grows Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Blue Trust Inc. boosted its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 194.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 21,812 shares of the real estate investment trust’s stock after acquiring an additional 14,406 shares during the period. Blue Trust Inc.’s holdings in Sunstone Hotel Investors were worth $228,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC grew its stake in Sunstone Hotel Investors by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust’s stock worth $232,000 after acquiring an additional 1,215 shares during the period. Diversified Trust Co grew its stake in Sunstone Hotel Investors by 3.9% in the 1st quarter. Diversified Trust Co now owns 34,553 shares of the real estate investment trust’s stock worth $385,000 after acquiring an additional 1,303 shares during the period. Van ECK Associates Corp grew its stake in Sunstone Hotel Investors by 5.5% in the 2nd quarter. Van ECK Associates Corp now owns 31,119 shares of the real estate investment trust’s stock worth $326,000 after acquiring an additional 1,635 shares during the period. Evergreen Capital Management LLC grew its stake in Sunstone Hotel Investors by 12.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 17,479 shares of the real estate investment trust’s stock worth $184,000 after acquiring an additional 1,881 shares during the period. Finally, ProShare Advisors LLC grew its stake in Sunstone Hotel Investors by 6.1% in the 1st quarter. ProShare Advisors LLC now owns 41,451 shares of the real estate investment trust’s stock worth $462,000 after acquiring an additional 2,388 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on SHO shares. StockNews.com cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Wolfe Research upgraded Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price objective for the company in a report on Wednesday, July 10th. Finally, Wells Fargo & Company upgraded Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price objective for the company in a report on Friday, September 13th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $11.42.

Sunstone Hotel Investors Trading Down 0.5 %

SHO stock opened at $10.26 on Friday. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 5.94 and a beta of 1.24. The company has a quick ratio of 3.75, a current ratio of 3.75 and a debt-to-equity ratio of 0.43. The business has a fifty day simple moving average of $10.28 and a 200-day simple moving average of $10.26. Sunstone Hotel Investors, Inc. has a 52 week low of $9.03 and a 52 week high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). Sunstone Hotel Investors had a net margin of 19.51% and a return on equity of 9.75%. The company had revenue of $247.50 million during the quarter, compared to analyst estimates of $248.12 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The firm’s revenue for the quarter was down 10.4% on a year-over-year basis. On average, equities research analysts expect that Sunstone Hotel Investors, Inc. will post 0.85 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.09 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.36 annualized dividend and a yield of 3.51%. Sunstone Hotel Investors’s dividend payout ratio is currently 35.56%.

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.