Sunstone Hotel Investors, Inc. (NYSE:SHO) Stock Holdings Trimmed by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund reduced its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 48.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 107,300 shares of the real estate investment trust's stock after selling 99,700 shares during the period. Healthcare of Ontario Pension Plan Trust Fund owned 0.05% of Sunstone Hotel Investors worth $1,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Federated Hermes Inc. purchased a new position in shares of Sunstone Hotel Investors during the second quarter worth about $34,000. Quarry LP grew its stake in Sunstone Hotel Investors by 584.1% in the 2nd quarter. Quarry LP now owns 4,310 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 3,680 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Sunstone Hotel Investors during the 2nd quarter valued at about $52,000. Harbor Capital Advisors Inc. acquired a new position in Sunstone Hotel Investors during the third quarter worth about $59,000. Finally, Blue Trust Inc. lifted its holdings in shares of Sunstone Hotel Investors by 342.9% in the second quarter. Blue Trust Inc. now owns 7,406 shares of the real estate investment trust's stock valued at $83,000 after purchasing an additional 5,734 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company's stock.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised Sunstone Hotel Investors from an "underweight" rating to an "equal weight" rating and set a $10.50 price target for the company in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, four have given 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.com, Sunstone Hotel Investors presently has a consensus rating of "Hold" and a consensus target price of $11.42.

Sunstone Hotel Investors Trading Up 10.1 %

SHO traded up $1.09 during trading on Tuesday, hitting $11.86. The company's stock had a trading volume of 16,204,159 shares, compared to its average volume of 2,135,548. The firm's 50 day moving average price is $10.39 and its 200-day moving average price is $10.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.19. The stock has a market cap of $2.38 billion, a PE ratio of 15.61, a PEG ratio of 5.70 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $224.61 million. During the same quarter last year, the firm posted $0.23 EPS. The company's revenue was down 8.6% compared to the same quarter last year. On average, analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid 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 yield of 3.04%. Sunstone Hotel Investors's dividend payout ratio (DPR) is 42.11%.

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.