Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 8.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,656,635 shares of the real estate investment trust’s stock after selling 146,458 shares during the period. Fisher Asset Management LLC’s holdings in Sunstone Hotel Investors were worth $19,615,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. raised its holdings in shares of Sunstone Hotel Investors by 645.6% in the 4th quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust’s stock worth $98,929,000 after purchasing an additional 7,234,862 shares during the period. Geode Capital Management LLC raised its holdings in shares of Sunstone Hotel Investors by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 5,247,927 shares of the real estate investment trust’s stock worth $54,169,000 after purchasing an additional 109,327 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Sunstone Hotel Investors by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock worth $49,284,000 after purchasing an additional 1,130,558 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Sunstone Hotel Investors by 3.0% in the 3rd 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 purchasing an additional 117,390 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of 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 purchasing an additional 1,161,792 shares during the period. 99.37% of the stock is owned by institutional investors and hedge funds.

Sunstone Hotel Investors Price Performance

SHO stock opened at $10.46 on Tuesday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors, Inc. has a 52-week low of $9.39 and a 52-week high of $12.41. The stock’s 50 day moving average is $11.43 and its two-hundred day moving average is $10.91. The company has a market capitalization of $2.10 billion, a PE ratio of 13.76, a P/E/G ratio of 4.52 and a beta of 1.20.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 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 $214.77 million for the quarter, compared to the consensus estimate of $211.17 million. 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 will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 3.44%. Sunstone Hotel Investors’s dividend payout ratio is presently 257.14%.

Analyst Ratings Changes

SHO has been the topic of a number of research reports. Morgan Stanley restated an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Wells Fargo & Company dropped their target price on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 18th. Finally, Jefferies Financial Group raised their target price on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $11.71.

Sunstone Hotel Investors 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.