Holocene Advisors LP Purchases Shares of 50,335 Sunstone Hotel Investors, Inc. (NYSE:SHO)

Holocene Advisors LP purchased a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 50,335 shares of the real estate investment trust's stock, valued at approximately $519,000.

Other hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in Sunstone Hotel Investors by 3.0% in the 3rd 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. Westwood Holdings Group Inc. lifted its stake in shares of Sunstone Hotel Investors by 1.9% in 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 purchasing an additional 51,203 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Sunstone Hotel Investors by 1.0% during the 2nd 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 in the last quarter. Millennium Management LLC raised its holdings in Sunstone Hotel Investors by 368.0% in the second quarter. Millennium Management LLC now owns 1,767,636 shares of the real estate investment trust's stock valued at $18,489,000 after buying an additional 1,389,917 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Sunstone Hotel Investors by 460.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,414,372 shares of the real estate investment trust's stock worth $14,596,000 after buying an additional 1,161,792 shares during the period. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Stock Performance

Shares of NYSE:SHO remained flat at $12.07 during trading hours on Friday. 2,512,455 shares of the company's stock traded hands, compared to its average volume of 3,641,109. Sunstone Hotel Investors, Inc. has a 12 month low of $9.39 and a 12 month high of $12.19. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of 15.88, a price-to-earnings-growth ratio of 6.40 and a beta of 1.25. The firm has a fifty day moving average price of $10.50 and a two-hundred day moving average price of $10.31. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly earnings results 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). 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 net margin of 18.61% and a return on equity of 9.04%. Sunstone Hotel Investors's quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 EPS. As a group, research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.78 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

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 given a $0.09 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 annualized dividend and a yield of 2.98%. Sunstone Hotel Investors's dividend payout ratio is 42.11%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised shares of Sunstone Hotel Investors from an "underweight" rating to an "equal weight" rating and set a $10.50 price target for the company in a research 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 assigned a strong buy rating to the company's stock. According to MarketBeat, the stock 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.