Hantz Financial Services Inc. Sells 132,291 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Hantz Financial Services Inc. lessened its position in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 83.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,833 shares of the real estate investment trust's stock after selling 132,291 shares during the quarter. Hantz Financial Services Inc.'s holdings in Sunstone Hotel Investors were worth $277,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Sunstone Hotel Investors by 460.0% in the 3rd 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 worth $14,596,000 after acquiring an additional 1,161,792 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Sunstone Hotel Investors by 7.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 67,830 shares of the real estate investment trust's stock valued at $700,000 after buying an additional 4,492 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Sunstone Hotel Investors by 3.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,081,978 shares of the real estate investment trust's stock worth $42,126,000 after acquiring an additional 117,390 shares during the period. Intech Investment Management LLC bought a new position in Sunstone Hotel Investors in the third quarter valued at about $573,000. Finally, Metis Global Partners LLC boosted its position in Sunstone Hotel Investors by 29.8% in the third quarter. Metis Global Partners LLC now owns 20,942 shares of the real estate investment trust's stock worth $216,000 after purchasing an additional 4,804 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Sunstone Hotel Investors Price Performance

Shares of SHO stock traded up $1.07 on Tuesday, hitting $11.84. 16,206,162 shares of the stock traded hands, compared to its average volume of 2,135,557. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of 15.61, a PEG ratio of 5.70 and a beta of 1.25. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a 50 day simple moving average of $10.39 and a two-hundred day simple moving average of $10.26. Sunstone Hotel Investors, Inc. has a 52 week low of $9.39 and a 52 week high of $12.19.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $226.40 million for the quarter, compared to the consensus estimate of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.23 EPS. As a group, equities 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.09 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 3.04%. Sunstone Hotel Investors's dividend payout ratio (DPR) is 42.11%.

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.