Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Acquired by Amundi

Amundi boosted its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 27.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 819,516 shares of the real estate investment trust's stock after buying an additional 177,189 shares during the period. Amundi owned 0.41% of Sunstone Hotel Investors worth $9,916,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SHO. Principal Financial Group Inc. grew its position in shares of Sunstone Hotel Investors by 645.6% in the fourth quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust's stock valued at $98,929,000 after purchasing an additional 7,234,862 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Sunstone Hotel Investors by 2.1% in the third 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. JPMorgan Chase & Co. grew its position in shares of Sunstone Hotel Investors by 31.0% in the third 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. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Sunstone Hotel Investors by 22.2% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust's stock valued at $55,488,000 after purchasing an additional 851,104 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Sunstone Hotel Investors by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,156,930 shares of the real estate investment trust's stock valued at $49,218,000 after purchasing an additional 74,952 shares in the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Jefferies Financial Group upped 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. Wells Fargo & Company dropped their price target on 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. Finally, Morgan Stanley restated an "underweight" rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sunstone Hotel Investors has a consensus rating of "Hold" and an average price target of $11.71.

Sunstone Hotel Investors Trading Down 2.1 %

Sunstone Hotel Investors stock traded down $0.21 during mid-day trading on Tuesday, hitting $9.67. The company's stock had a trading volume of 1,322,880 shares, compared to its average volume of 2,103,352. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The stock's fifty day moving average is $11.07 and its two-hundred day moving average is $10.90. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $12.41. The firm has a market capitalization of $1.94 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 4.52 and a beta of 1.19.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings results on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $211.17 million. On average, analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors's dividend payout ratio (DPR) is 257.14%.

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.