Charles Schwab Investment Management Inc. Increases Stake in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Charles Schwab Investment Management Inc. increased its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 3.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,081,978 shares of the real estate investment trust's stock after buying an additional 117,390 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.01% of Sunstone Hotel Investors worth $42,126,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Westwood Holdings Group Inc. boosted its holdings in shares of Sunstone Hotel Investors by 1.9% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,818,270 shares of the real estate investment trust's stock valued at $29,479,000 after acquiring an additional 51,203 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Sunstone Hotel Investors by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 2,651,189 shares of the real estate investment trust's stock worth $27,731,000 after purchasing an additional 25,086 shares during the last quarter. Millennium Management LLC grew its position in Sunstone Hotel Investors by 368.0% in the 2nd quarter. Millennium Management LLC now owns 1,767,636 shares of the real estate investment trust's stock worth $18,489,000 after purchasing an additional 1,389,917 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Sunstone Hotel Investors by 318.0% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,367,061 shares of the real estate investment trust's stock valued at $14,299,000 after buying an additional 1,039,986 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its holdings in shares of Sunstone Hotel Investors by 0.3% during the 2nd quarter. Tributary Capital Management LLC now owns 1,333,353 shares of the real estate investment trust's stock valued at $13,947,000 after buying an additional 3,726 shares during the period. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Performance

NYSE SHO traded up $0.02 on Monday, hitting $10.77. 2,557,921 shares of the company traded hands, compared to its average volume of 2,073,741. The business's 50 day moving average price is $10.39 and its 200-day moving average price is $10.26. Sunstone Hotel Investors, Inc. has a 52-week low of $9.39 and a 52-week high of $11.59. 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 company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 14.14, a P/E/G ratio of 5.69 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $226.40 million during the quarter, compared to the consensus estimate of $224.61 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm's quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the business earned $0.23 EPS. Equities analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.34%. Sunstone Hotel Investors's dividend payout ratio (DPR) is presently 44.74%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised 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 assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $11.42.

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.