Rhumbline Advisers lessened its stake in Sunstone Hotel Investors (NYSE:SHO) by 3.0% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 289,685 shares of the real estate investment trust’s stock after selling 8,940 shares during the quarter. Rhumbline Advisers’ holdings in Sunstone Hotel Investors were worth $4,409,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Albert D Mason Inc. increased its stake in Sunstone Hotel Investors by 254.6% in the 1st quarter. Albert D Mason Inc. now owns 47,574 shares of the real estate investment trust’s stock valued at $724,000 after buying an additional 34,157 shares during the period. Xact Kapitalforvaltning AB acquired a new position in Sunstone Hotel Investors in the 4th quarter valued at approximately $289,000. MetLife Investment Advisors LLC acquired a new position in Sunstone Hotel Investors in the 4th quarter valued at approximately $1,703,000. Jump Trading LLC acquired a new position in Sunstone Hotel Investors in the 4th quarter valued at approximately $484,000. Finally, Vident Investment Advisory LLC increased its stake in Sunstone Hotel Investors by 6.5% in the 4th quarter. Vident Investment Advisory LLC now owns 171,817 shares of the real estate investment trust’s stock valued at $2,840,000 after buying an additional 10,494 shares during the period.
SHO stock opened at $17.20 on Friday. The company has a quick ratio of 5.23, a current ratio of 5.24 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 14.11, a price-to-earnings-growth ratio of 3.00 and a beta of 1.06. Sunstone Hotel Investors has a 12 month low of $14.09 and a 12 month high of $17.46.
Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Monday, May 7th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The business had revenue of $271.45 million during the quarter, compared to the consensus estimate of $263.09 million. Sunstone Hotel Investors had a return on equity of 4.41% and a net margin of 10.28%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. equities research analysts predict that Sunstone Hotel Investors will post 1.14 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 29th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Thursday, June 28th. Sunstone Hotel Investors’s dividend payout ratio is 16.39%.
Several research analysts have weighed in on the stock. Boenning Scattergood reiterated an “outperform” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, February 14th. Zacks Investment Research lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, May 12th. Robert W. Baird set a $17.00 price objective on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Wednesday, February 14th. Finally, B. Riley set a $16.00 price objective on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Monday, February 12th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $16.79.
Sunstone Hotel Investors Profile
Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of May 7, 2018 has interests in 25 hotels comprised of 12,450 rooms. Sunstone's hotels are primarily in the urban and resort upper upscale segment and are predominantly operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.
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