Federated Investors Inc. PA Sells 14,000 Shares of Sunstone Hotel Investors Inc (SHO)

Federated Investors Inc. PA trimmed its holdings in shares of Sunstone Hotel Investors Inc (NYSE:SHO) by 60.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,000 shares of the real estate investment trust’s stock after selling 14,000 shares during the period. Federated Investors Inc. PA’s holdings in Sunstone Hotel Investors were worth $150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its stake in Sunstone Hotel Investors by 8.0% in the 2nd quarter. BlackRock Inc. now owns 23,006,585 shares of the real estate investment trust’s stock worth $382,369,000 after acquiring an additional 1,702,618 shares during the period. Principal Financial Group Inc. grew its stake in Sunstone Hotel Investors by 4.7% in the 1st quarter. Principal Financial Group Inc. now owns 11,633,078 shares of the real estate investment trust’s stock worth $177,056,000 after acquiring an additional 518,514 shares during the period. Centersquare Investment Management LLC grew its stake in Sunstone Hotel Investors by 32.4% in the 2nd quarter. Centersquare Investment Management LLC now owns 8,004,741 shares of the real estate investment trust’s stock worth $133,039,000 after acquiring an additional 1,957,744 shares during the period. Nuveen Asset Management LLC grew its stake in Sunstone Hotel Investors by 29.7% in the 1st quarter. Nuveen Asset Management LLC now owns 6,272,821 shares of the real estate investment trust’s stock worth $95,472,000 after acquiring an additional 1,434,991 shares during the period. Finally, Northern Trust Corp grew its stake in Sunstone Hotel Investors by 2.8% in the 1st quarter. Northern Trust Corp now owns 6,013,988 shares of the real estate investment trust’s stock worth $91,533,000 after acquiring an additional 162,304 shares during the period.

SHO has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, July 11th. Wells Fargo & Co reaffirmed a “hold” rating on shares of Sunstone Hotel Investors in a research note on Friday, June 1st. Jefferies Financial Group initiated coverage on shares of Sunstone Hotel Investors in a research note on Thursday, May 31st. They issued a “hold” rating and a $17.00 target price for the company. ValuEngine cut shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Saturday, June 2nd. Finally, Barclays lifted their target price on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Friday, June 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the stock. Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus price target of $16.94.

Shares of SHO opened at $16.19 on Friday. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 3.14 and a beta of 1.03. Sunstone Hotel Investors Inc has a fifty-two week low of $14.09 and a fifty-two week high of $17.60. The company has a current ratio of 5.62, a quick ratio of 5.61 and a debt-to-equity ratio of 0.40.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.16). The company had revenue of $317.40 million during the quarter, compared to analyst estimates of $317.54 million. Sunstone Hotel Investors had a net margin of 10.08% and a return on equity of 4.26%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter last year, the business earned $0.38 EPS. sell-side analysts forecast that Sunstone Hotel Investors Inc will post 1.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.24%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 16.39%.

Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of July 30, 2018 has interests in 24 hotels comprised of 12,046 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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