BNP Paribas Financial Markets lowered its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 48.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 64,826 shares of the real estate investment trust's stock after selling 59,900 shares during the period. BNP Paribas Financial Markets' holdings in Sunstone Hotel Investors were worth $669,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of SHO. Daiwa Securities Group Inc. raised its holdings in shares of Sunstone Hotel Investors by 7.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 67,830 shares of the real estate investment trust's stock valued at $700,000 after acquiring an additional 4,492 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Sunstone Hotel Investors by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,081,978 shares of the real estate investment trust's stock valued at $42,126,000 after purchasing an additional 117,390 shares in the last quarter. Intech Investment Management LLC bought a new stake in Sunstone Hotel Investors during the third quarter valued at approximately $573,000. Metis Global Partners LLC grew its stake in Sunstone Hotel Investors by 29.8% in the 3rd quarter. Metis Global Partners LLC now owns 20,942 shares of the real estate investment trust's stock worth $216,000 after buying an additional 4,804 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of Sunstone Hotel Investors in the 3rd quarter worth $258,000. Institutional investors own 99.37% of the company's stock.
Wall Street Analyst Weigh In
Separately, Wells Fargo & Company lifted their price objective on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Monday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $11.83.
Get Our Latest Analysis on SHO
Sunstone Hotel Investors Trading Down 0.3 %
Shares of SHO traded down $0.04 during mid-day trading on Friday, reaching $12.21. The company's stock had a trading volume of 2,263,843 shares, compared to its average volume of 2,171,140. Sunstone Hotel Investors, Inc. has a 52 week low of $9.39 and a 52 week high of $12.35. The stock has a market cap of $2.45 billion, a PE ratio of 16.07, a P/E/G ratio of 6.46 and a beta of 1.25. The company's fifty day moving average price is $10.66 and its two-hundred day moving average price is $10.36. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44.
Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.02). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The business had revenue of $226.40 million during the quarter, compared to analysts' expectations of $224.61 million. During the same quarter in the previous year, the business earned $0.23 EPS. Sunstone Hotel Investors's revenue for the quarter was down 8.6% compared to the same quarter last year. On average, analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.
Sunstone Hotel Investors Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.09 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 2.95%. Sunstone Hotel Investors's dividend payout ratio (DPR) is currently 44.74%.
Sunstone Hotel Investors Company Profile
(
Free Report)
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.
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![Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NYSE&Symbol=SHO)
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