Cbre Investment Management Listed Real Assets LLC Has $55.49 Million Stake in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Cbre Investment Management Listed Real Assets LLC raised its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 22.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,686,489 shares of the real estate investment trust’s stock after buying an additional 851,104 shares during the quarter. Cbre Investment Management Listed Real Assets LLC’s holdings in Sunstone Hotel Investors were worth $55,488,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its holdings in 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 valued at $98,929,000 after buying an additional 7,234,862 shares during the period. Geode Capital Management LLC increased its holdings in 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 valued at $54,169,000 after buying an additional 109,327 shares during the period. JPMorgan Chase & Co. increased its holdings in 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 valued at $49,284,000 after buying an additional 1,130,558 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Sunstone Hotel Investors by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,156,930 shares of the real estate investment trust’s stock valued at $49,218,000 after buying an additional 74,952 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in 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 valued at $14,596,000 after buying an additional 1,161,792 shares during the period. 99.37% of the stock is owned by institutional investors.

Sunstone Hotel Investors Trading Down 0.8 %

SHO opened at $10.38 on Wednesday. Sunstone Hotel Investors, Inc. has a fifty-two week low of $9.39 and a fifty-two week high of $12.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 4.52 and a beta of 1.20. The company’s 50 day moving average price is $11.43 and its two-hundred day moving average price is $10.91.

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

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced 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. This represents a $0.36 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors’s payout ratio is 257.14%.

Analyst Ratings Changes

Several research firms have commented on SHO. Wells Fargo & Company decreased their target price on shares of 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. Jefferies Financial Group lifted their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sunstone Hotel Investors presently has an average rating of “Hold” and an average price target of $11.71.

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.