Barclays PLC Grows Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Barclays PLC raised its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 304.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 343,018 shares of the real estate investment trust's stock after buying an additional 258,302 shares during the period. Barclays PLC owned about 0.17% of Sunstone Hotel Investors worth $3,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its stake in shares of Sunstone Hotel Investors by 368.0% in the 2nd quarter. Millennium Management LLC now owns 1,767,636 shares of the real estate investment trust's stock valued at $18,489,000 after purchasing an additional 1,389,917 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Sunstone Hotel Investors by 460.0% in 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 valued at $14,596,000 after purchasing an additional 1,161,792 shares in the last quarter. Heitman Real Estate Securities LLC boosted its holdings in Sunstone Hotel Investors by 976.5% during the third quarter. Heitman Real Estate Securities LLC now owns 1,238,002 shares of the real estate investment trust's stock worth $12,776,000 after purchasing an additional 1,123,001 shares during the last quarter. NFJ Investment Group LLC bought a new position in Sunstone Hotel Investors in the third quarter valued at approximately $3,220,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth about $2,165,000. Institutional investors own 99.37% of the company's stock.

Sunstone Hotel Investors Stock Performance

SHO stock traded down $0.04 during midday trading on Monday, hitting $11.97. The company's stock had a trading volume of 1,518,298 shares, compared to its average volume of 2,195,581. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $12.41. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 6.45 and a beta of 1.25. The stock's 50-day moving average price is $10.88 and its 200 day moving average price is $10.45. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its 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 quarter in the prior year, the business earned $0.23 EPS. Sunstone Hotel Investors's revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.01%. Sunstone Hotel Investors's dividend payout ratio is 44.74%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their price target on Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an "equal weight" rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sunstone Hotel Investors presently has an average rating of "Hold" and an average target price of $12.20.

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.