GSA Capital Partners LLP Grows Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

GSA Capital Partners LLP boosted its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 465.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 72,852 shares of the real estate investment trust's stock after acquiring an additional 59,972 shares during the quarter. GSA Capital Partners LLP's holdings in Sunstone Hotel Investors were worth $752,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SHO. Janney Montgomery Scott LLC lifted its position in Sunstone Hotel Investors by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 20,805 shares of the real estate investment trust's stock valued at $232,000 after purchasing an additional 1,215 shares during the period. Sei Investments Co. boosted its stake in shares of Sunstone Hotel Investors by 21.6% in the first quarter. Sei Investments Co. now owns 156,229 shares of the real estate investment trust's stock worth $1,740,000 after buying an additional 27,743 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Sunstone Hotel Investors by 572.0% during the first quarter. Russell Investments Group Ltd. now owns 219,000 shares of the real estate investment trust's stock worth $2,440,000 after acquiring an additional 186,413 shares during the period. ProShare Advisors LLC grew its holdings in Sunstone Hotel Investors by 6.1% during the first 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. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Sunstone Hotel Investors by 4.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 123,411 shares of the real estate investment trust's stock valued at $1,375,000 after acquiring an additional 5,085 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Wells Fargo & Company upgraded Sunstone Hotel Investors from an "underweight" rating to an "equal weight" rating and set a $10.50 price objective on the stock in a research report on Friday, September 13th. StockNews.com lowered shares of Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sunstone Hotel Investors presently has an average rating of "Hold" and an average price target of $11.42.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO traded down $0.05 during midday trading on Monday, reaching $10.05. 1,535,822 shares of the company's stock traded hands, compared to its average volume of 2,043,256. The company has a fifty day simple moving average of $10.35 and a two-hundred day simple moving average of $10.25. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $11.59. The company has a market cap of $2.02 billion, a P/E ratio of 13.22, a PEG ratio of 5.52 and a beta of 1.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 3.75 and a current ratio of 2.98.

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 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company had revenue of $226.40 million for the quarter, compared to analysts' expectations of $224.61 million. During the same period in the previous year, the business earned $0.23 earnings per share. The business's revenue for the quarter was down 8.6% on a year-over-year basis. Equities analysts predict that Sunstone Hotel Investors, Inc. will post 0.78 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 3.58%. Sunstone Hotel Investors's dividend payout ratio (DPR) is currently 42.11%.

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.