Charles Schwab Investment Management Inc. Boosts Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Charles Schwab Investment Management Inc. grew its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,156,930 shares of the real estate investment trust's stock after buying an additional 74,952 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.07% of Sunstone Hotel Investors worth $49,218,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SHO. Heritage Family Offices LLP lifted its holdings in Sunstone Hotel Investors by 7.2% in the fourth quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust's stock valued at $171,000 after acquiring an additional 969 shares during the period. Vanderbilt University lifted its stake in shares of Sunstone Hotel Investors by 9.4% in the 4th quarter. Vanderbilt University now owns 14,808 shares of the real estate investment trust's stock valued at $175,000 after purchasing an additional 1,276 shares during the period. GAMMA Investing LLC boosted its holdings in Sunstone Hotel Investors by 114.1% during the fourth quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock worth $39,000 after buying an additional 1,743 shares in the last quarter. Metis Global Partners LLC grew its position in Sunstone Hotel Investors by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 23,323 shares of the real estate investment trust's stock valued at $276,000 after buying an additional 2,381 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in Sunstone Hotel Investors by 442.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 2,448 shares in the last quarter. Hedge funds and other institutional investors own 99.37% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently weighed in on SHO shares. Wells Fargo & Company cut their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Jefferies Financial Group boosted their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a "hold" rating in a research report on Thursday, January 2nd. Finally, Morgan Stanley reiterated an "underweight" rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $11.71.

Sunstone Hotel Investors Price Performance

Shares of Sunstone Hotel Investors stock traded up $0.09 during trading hours on Monday, reaching $9.86. 1,926,740 shares of the company's stock were exchanged, compared to its average volume of 2,106,630. The business has a fifty day moving average of $11.11 and a two-hundred day moving average of $10.90. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $1.98 billion, a P/E ratio of 12.97, a price-to-earnings-growth ratio of 4.52 and a beta of 1.19. Sunstone Hotel Investors, Inc. has a 1 year low of $9.39 and a 1 year high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $214.77 million during the quarter, compared to the consensus estimate of $211.17 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. As a group, research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors's dividend payout ratio (DPR) is currently 257.14%.

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.