Healthcare of Ontario Pension Plan Trust Fund Purchases New Stake in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 207,000 shares of the real estate investment trust's stock, valued at approximately $2,165,000. Healthcare of Ontario Pension Plan Trust Fund owned about 0.10% of Sunstone Hotel Investors at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC lifted its holdings in shares of 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 worth $232,000 after buying an additional 1,215 shares during the last quarter. Diversified Trust Co raised its stake in Sunstone Hotel Investors by 3.9% during the 1st quarter. Diversified Trust Co now owns 34,553 shares of the real estate investment trust's stock valued at $385,000 after purchasing an additional 1,303 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Sunstone Hotel Investors by 5.5% in the 2nd quarter. Van ECK Associates Corp now owns 31,119 shares of the real estate investment trust's stock valued at $326,000 after purchasing an additional 1,635 shares during the period. Evergreen Capital Management LLC grew its position in Sunstone Hotel Investors by 12.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 17,479 shares of the real estate investment trust's stock worth $184,000 after purchasing an additional 1,881 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Sunstone Hotel Investors by 6.1% in the 1st quarter. ProShare Advisors LLC now owns 41,451 shares of the real estate investment trust's stock worth $462,000 after purchasing an additional 2,388 shares during the last quarter. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Price Performance

Shares of Sunstone Hotel Investors stock traded down $0.27 during midday trading on Monday, hitting $10.20. 3,335,692 shares of the company were exchanged, compared to its average volume of 2,006,453. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.75 and a quick ratio of 3.75. The firm has a 50 day simple moving average of $10.17 and a 200-day simple moving average of $10.32. Sunstone Hotel Investors, Inc. has a 52 week low of $9.03 and a 52 week high of $11.59. The firm has a market cap of $2.08 billion, a P/E ratio of 11.33, a PEG ratio of 4.33 and a beta of 1.24.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.16). The firm had revenue of $247.50 million for the quarter, compared to analyst estimates of $248.12 million. Sunstone Hotel Investors had a return on equity of 9.75% and a net margin of 19.51%. The company's revenue for the quarter was down 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.33 EPS. Research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.89 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.53%. Sunstone Hotel Investors's dividend payout ratio (DPR) is presently 35.56%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SHO shares. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an "underweight" rating to an "equal weight" rating and set a $10.50 target price for the company in a research note on Friday, September 13th. StockNews.com lowered Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a report on Thursday, August 1st. Finally, Wolfe Research upgraded Sunstone Hotel Investors from a "peer perform" rating to an "outperform" rating and set a $12.00 target price for the company in a research note on Wednesday, July 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average 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.