SG Americas Securities LLC Sells 90,014 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

SG Americas Securities LLC lowered its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 68.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 41,278 shares of the real estate investment trust's stock after selling 90,014 shares during the quarter. SG Americas Securities LLC's holdings in Sunstone Hotel Investors were worth $426,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SHO. Quadrature Capital Ltd purchased a new stake in Sunstone Hotel Investors in the 4th quarter worth approximately $125,000. Los Angeles Capital Management LLC purchased a new stake in Sunstone Hotel Investors in the 1st quarter worth approximately $640,000. Vert Asset Management LLC increased its holdings in Sunstone Hotel Investors by 8.9% in the 1st quarter. Vert Asset Management LLC now owns 79,899 shares of the real estate investment trust's stock worth $890,000 after acquiring an additional 6,524 shares in the last quarter. Diversified Trust Co increased its holdings in Sunstone Hotel Investors by 3.9% in the 1st quarter. Diversified Trust Co now owns 34,553 shares of the real estate investment trust's stock worth $385,000 after acquiring an additional 1,303 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Sunstone Hotel Investors by 39.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 327,075 shares of the real estate investment trust's stock worth $3,644,000 after acquiring an additional 91,852 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on SHO. Wells Fargo & Company raised shares of 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. Wolfe Research raised shares of Sunstone Hotel Investors from a "peer perform" rating to an "outperform" rating and set a $12.00 price objective for the company in a report on Wednesday, July 10th. Finally, StockNews.com lowered shares of Sunstone Hotel Investors from a "hold" rating to a "sell" rating in a report on Thursday, August 1st. One research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $11.42.

Sunstone Hotel Investors Price Performance

Shares of NYSE SHO traded down $0.12 during midday trading on Friday, reaching $10.28. 1,239,839 shares of the stock traded hands, compared to its average volume of 2,015,758. The stock has a market capitalization of $2.09 billion, a PE ratio of 11.42, a P/E/G ratio of 4.38 and a beta of 1.24. The company's 50 day moving average is $10.24 and its 200 day moving average is $10.28. Sunstone Hotel Investors, Inc. has a one year low of $9.03 and a one year high of $11.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.75 and a quick ratio of 3.75.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its quarterly 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 company had revenue of $247.50 million during the quarter, compared to the consensus estimate of $248.12 million. Sunstone Hotel Investors had a return on equity of 9.75% and a net margin of 19.51%. The firm's quarterly revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.33 earnings per share. On average, equities research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.88 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.09 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.50%. Sunstone Hotel Investors's dividend payout ratio is presently 35.56%.

Sunstone Hotel Investors Company 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.