Public Sector Pension Investment Board Has $4.45 Million Stake in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Public Sector Pension Investment Board trimmed its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 431,450 shares of the real estate investment trust’s stock after selling 16,700 shares during the period. Public Sector Pension Investment Board owned 0.21% of Sunstone Hotel Investors worth $4,453,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in shares of Sunstone Hotel Investors by 6.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 106,553 shares of the real estate investment trust’s stock valued at $1,188,000 after acquiring an additional 6,439 shares during the last quarter. M&G Plc bought a new stake in Sunstone Hotel Investors in the second quarter valued at about $157,000. Diversified Trust Co lifted its stake in Sunstone Hotel Investors by 5.8% in the second quarter. Diversified Trust Co now owns 36,571 shares of the real estate investment trust’s stock valued at $383,000 after buying an additional 2,018 shares during the period. AlphaMark Advisors LLC bought a new position in Sunstone Hotel Investors during the second quarter worth about $314,000. Finally, Vanderbilt University acquired a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth about $145,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Price Performance

Shares of SHO opened at $10.75 on Monday. The stock has a 50 day simple moving average of $10.39 and a 200 day simple moving average of $10.26. Sunstone Hotel Investors, Inc. has a 52-week low of $9.39 and a 52-week high of $11.59. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The firm has a market capitalization of $2.16 billion, a PE ratio of 14.14, a P/E/G ratio of 5.69 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $226.40 million for 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 was down 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 EPS. Sell-side analysts predict 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 will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.35%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 44.74%.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price objective on the stock in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $11.42.

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.