Sunstone Hotel Investors (SHO) Position Reduced by Eii Capital Management Inc.

Eii Capital Management Inc. trimmed its holdings in shares of Sunstone Hotel Investors (NYSE:SHO) by 13.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,033 shares of the real estate investment trust’s stock after selling 6,188 shares during the quarter. Eii Capital Management Inc.’s holdings in Sunstone Hotel Investors were worth $645,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also bought and sold shares of SHO. Nationwide Fund Advisors grew its position in Sunstone Hotel Investors by 22.8% during the third quarter. Nationwide Fund Advisors now owns 464,047 shares of the real estate investment trust’s stock worth $7,457,000 after buying an additional 86,234 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Sunstone Hotel Investors by 26.5% during the third quarter. Canada Pension Plan Investment Board now owns 61,666 shares of the real estate investment trust’s stock worth $991,000 after buying an additional 12,900 shares in the last quarter. New York State Common Retirement Fund grew its position in Sunstone Hotel Investors by 56.2% during the third quarter. New York State Common Retirement Fund now owns 363,135 shares of the real estate investment trust’s stock worth $5,836,000 after buying an additional 130,706 shares in the last quarter. Bank of New York Mellon Corp grew its position in Sunstone Hotel Investors by 4.7% during the third quarter. Bank of New York Mellon Corp now owns 6,015,386 shares of the real estate investment trust’s stock worth $96,667,000 after buying an additional 269,167 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in Sunstone Hotel Investors by 7.9% during the third quarter. Russell Investments Group Ltd. now owns 2,710,363 shares of the real estate investment trust’s stock worth $43,561,000 after buying an additional 198,094 shares in the last quarter.

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Sunstone Hotel Investors (NYSE:SHO) opened at $14.96 on Tuesday. Sunstone Hotel Investors has a fifty-two week low of $14.09 and a fifty-two week high of $17.46. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $3,406.86, a PE ratio of 24.93, a PEG ratio of 2.69 and a beta of 1.16.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.19). Sunstone Hotel Investors had a return on equity of 5.56% and a net margin of 12.53%. The firm had revenue of $290.19 million during the quarter, compared to analysts’ expectations of $284.59 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. Sunstone Hotel Investors’s revenue for the quarter was up .2% compared to the same quarter last year. research analysts anticipate that Sunstone Hotel Investors will post 1.12 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Wednesday, March 28th. Sunstone Hotel Investors’s payout ratio is currently 386.67%.

Several research firms recently commented on SHO. Boenning Scattergood restated an “outperform” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, February 14th. Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Wells Fargo restated a “market perform” rating and set a $17.50 target price on shares of Sunstone Hotel Investors in a research report on Tuesday, December 19th. B. Riley set a $16.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Monday, February 12th. Finally, Raymond James Financial restated a “market perform” rating on shares of Sunstone Hotel Investors in a research report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Sunstone Hotel Investors has an average rating of “Hold” and an average target price of $15.93.

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About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2018 has interests in 25 hotels comprised of 12,450 rooms. Sunstone's hotels are primarily in the urban and resort upper upscale segment and are predominantly 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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