Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Bought by Heritage Family Offices LLP

Heritage Family Offices LLP lifted its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 7.2% during the 4th quarter, Holdings Channel reports. The firm owned 14,409 shares of the real estate investment trust’s stock after buying an additional 969 shares during the period. Heritage Family Offices LLP’s holdings in Sunstone Hotel Investors were worth $171,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in SHO. Millennium Management LLC boosted its position in Sunstone Hotel Investors by 368.0% in the 2nd quarter. Millennium Management LLC now owns 1,767,636 shares of the real estate investment trust’s stock valued at $18,489,000 after buying an additional 1,389,917 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Sunstone Hotel Investors by 460.0% in the third 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 valued at $14,596,000 after purchasing an additional 1,161,792 shares during the period. JPMorgan Chase & Co. boosted its holdings in Sunstone Hotel Investors by 31.0% in the third quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock valued at $49,284,000 after purchasing an additional 1,130,558 shares during the period. Heitman Real Estate Securities LLC increased its holdings in Sunstone Hotel Investors by 976.5% during the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,238,002 shares of the real estate investment trust’s stock worth $12,776,000 after purchasing an additional 1,123,001 shares during the period. Finally, NFJ Investment Group LLC purchased a new stake in Sunstone Hotel Investors during the 3rd quarter worth about $3,220,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Wells Fargo & Company raised their target price on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, December 9th. Morgan Stanley restated an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a report on Tuesday. Finally, Jefferies Financial Group boosted their target price on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $11.86.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO opened at $11.73 on Friday. 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 12 month low of $9.39 and a 12 month high of $12.41. The firm has a market capitalization of $2.36 billion, a P/E ratio of 15.43, a P/E/G ratio of 5.14 and a beta of 1.21. The company’s fifty day moving average price is $11.48 and its 200 day moving average price is $10.67.

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 analysts’ expectations of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. As a group, sell-side 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 firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.09 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 3.07%. Sunstone Hotel Investors’s dividend payout ratio is presently 44.74%.

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.