Intech Investment Management LLC Takes $573,000 Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Intech Investment Management LLC acquired a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 55,525 shares of the real estate investment trust's stock, valued at approximately $573,000.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in Sunstone Hotel Investors by 11.6% during the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust's stock valued at $11,566,000 after purchasing an additional 116,058 shares in the last quarter. American Century Companies Inc. grew its position in Sunstone Hotel Investors by 170.5% in the second quarter. American Century Companies Inc. now owns 199,580 shares of the real estate investment trust's stock valued at $2,088,000 after acquiring an additional 125,809 shares during the period. Miller Howard Investments Inc. NY acquired a new position in Sunstone Hotel Investors during the second quarter worth $303,000. Millennium Management LLC lifted its holdings in shares of Sunstone Hotel Investors by 368.0% during 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 acquiring an additional 1,389,917 shares during the period. Finally, GSA Capital Partners LLP grew its holdings in shares of Sunstone Hotel Investors by 465.6% in the 3rd quarter. GSA Capital Partners LLP now owns 72,852 shares of the real estate investment trust's stock worth $752,000 after purchasing an additional 59,972 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Trading Up 0.2 %

Sunstone Hotel Investors stock traded up $0.02 during mid-day trading on Monday, hitting $10.77. The stock had a trading volume of 2,557,921 shares, compared to its average volume of 2,073,741. The stock has a market capitalization of $2.16 billion, a PE ratio of 14.14, a P/E/G ratio of 5.69 and a beta of 1.25. Sunstone Hotel Investors, Inc. has a 12 month low of $9.39 and a 12 month 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 stock has a 50-day simple moving average of $10.39 and a two-hundred day simple moving average of $10.26.

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 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 for the quarter, compared to the consensus estimate of $224.61 million. During the same period last year, the firm earned $0.23 earnings per share. The company's quarterly revenue was down 8.6% on a year-over-year basis. As a group, sell-side analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.09 per share. 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 Analyst Weigh In

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 report on Friday, September 13th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Sunstone Hotel Investors presently has an average rating of "Hold" and a consensus price target of $11.42.

About Sunstone Hotel Investors

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.