Trust Point Inc. Sells 36,091 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Trust Point Inc. lowered its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 66.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,931 shares of the real estate investment trust's stock after selling 36,091 shares during the period. Trust Point Inc.'s holdings in Sunstone Hotel Investors were worth $212,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its holdings in Sunstone Hotel Investors by 114.1% in the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust's stock valued at $39,000 after buying an additional 1,743 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of Sunstone Hotel Investors during the third quarter valued at $59,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Sunstone Hotel Investors by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust's stock worth $80,000 after purchasing an additional 1,937 shares during the period. KBC Group NV grew its stake in shares of Sunstone Hotel Investors by 55.4% in the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 3,249 shares during the last quarter. Finally, Heritage Family Offices LLP increased 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 purchasing an additional 969 shares during the period. Institutional investors own 99.37% of the company's stock.

Sunstone Hotel Investors Trading Down 0.5 %

NYSE SHO traded down $0.06 during trading hours on Monday, hitting $11.30. 2,305,499 shares of the company's stock were exchanged, compared to its average volume of 2,185,461. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of 14.86, a PEG ratio of 3.78 and a beta of 1.20. The stock has a 50-day simple moving average of $11.80 and a 200 day simple moving average of $10.81. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. 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 announced its quarterly earnings data 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 company had revenue of $226.40 million for the quarter, compared to analyst estimates of $224.61 million. During the same period last year, the business earned $0.23 EPS. The business's quarterly revenue 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 fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date was Tuesday, December 31st. Sunstone Hotel Investors's dividend payout ratio (DPR) is currently 44.74%.

Analyst Upgrades and Downgrades

Several research analysts have commented on SHO shares. Jefferies Financial Group lifted their target price on Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a "hold" rating in a report on Thursday, January 2nd. Morgan Stanley restated an "underweight" rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company upped their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $11.86.

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.