Amundi Buys 177,189 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Amundi increased its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 27.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 819,516 shares of the real estate investment trust’s stock after acquiring an additional 177,189 shares during the quarter. Amundi owned about 0.41% of Sunstone Hotel Investors worth $9,916,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Heritage Family Offices LLP boosted its position in shares of Sunstone Hotel Investors by 7.2% during the fourth quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock worth $171,000 after acquiring an additional 969 shares during the last quarter. Vanderbilt University raised its stake in Sunstone Hotel Investors by 9.4% during the fourth quarter. Vanderbilt University now owns 14,808 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 1,276 shares in the last quarter. GAMMA Investing LLC raised its stake in 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 valued at $39,000 after purchasing an additional 1,743 shares in the last quarter. Metis Global Partners LLC raised its stake in Sunstone Hotel Investors by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 23,323 shares of the real estate investment trust’s stock valued at $276,000 after purchasing an additional 2,381 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Sunstone Hotel Investors by 442.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 2,448 shares in the last quarter. Institutional investors own 99.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Jefferies Financial Group upped their price target 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. Finally, Wells Fargo & Company decreased their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.71.

Sunstone Hotel Investors Trading Up 2.5 %

Shares of SHO opened at $9.76 on Friday. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41. The company has a market cap of $1.96 billion, a P/E ratio of 12.84, a P/E/G ratio of 4.52 and a beta of 1.19. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. The company’s fifty day simple moving average is $11.15 and its 200-day simple moving average is $10.90.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $214.77 million for the quarter, compared to the consensus estimate of $211.17 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. As a group, analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 3.69%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio is presently 257.14%.

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.