Sunstone Hotel Investors, Inc. (NYSE:SHO) Holdings Raised by Vanderbilt University

Vanderbilt University grew its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 9.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,808 shares of the real estate investment trust’s stock after acquiring an additional 1,276 shares during the period. Vanderbilt University’s holdings in Sunstone Hotel Investors were worth $175,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of 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 during the last quarter. Harbor Capital Advisors Inc. acquired a new position in Sunstone Hotel Investors during the 3rd quarter valued at $59,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Sunstone Hotel Investors by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 1,937 shares during the period. KBC Group NV grew its position in Sunstone Hotel Investors by 55.4% in the 4th 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, Longboard Asset Management LP bought a new position in shares of Sunstone Hotel Investors during the 4th quarter worth about $141,000. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Price Performance

Sunstone Hotel Investors stock opened at $10.95 on Thursday. The business has a 50 day simple moving average of $11.77 and a 200 day simple moving average of $10.78. Sunstone Hotel Investors, Inc. has a one year low of $9.39 and a one year high of $12.41. The company has a market capitalization of $2.20 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 3.82 and a beta of 1.20. 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 (NYSE:SHO) last posted its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $226.40 million during the quarter, compared to the consensus estimate of $224.61 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.23 EPS. On average, sell-side analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.09 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.29%. Sunstone Hotel Investors’s dividend payout ratio is 44.74%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SHO shares. Jefferies Financial Group increased their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Morgan Stanley reiterated an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company boosted their price objective on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.