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

Amundi boosted its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 27.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 819,516 shares of the real estate investment trust’s stock after acquiring an additional 177,189 shares during the period. Amundi’s holdings in Sunstone Hotel Investors were worth $9,916,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Inceptionr LLC grew its holdings in Sunstone Hotel Investors by 53.1% during the 4th quarter. Inceptionr LLC now owns 16,529 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 5,731 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at about $1,239,000. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Sunstone Hotel Investors by 22.2% in the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust’s stock valued at $55,488,000 after buying an additional 851,104 shares in the last quarter. Carrera Capital Advisors bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at about $1,680,000. Finally, Nicola Wealth Management LTD. bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at about $1,088,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Performance

Shares of Sunstone Hotel Investors stock opened at $9.76 on Friday. The firm has a market capitalization of $1.96 billion, a P/E ratio of 12.84, a PEG ratio of 4.52 and a beta of 1.19. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $11.15 and a 200 day moving average price of $10.90. Sunstone Hotel Investors, Inc. has a 52 week low of $9.39 and a 52 week high of $12.41.

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

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis 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%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SHO. Jefferies Financial Group raised 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. Wells Fargo & Company lowered 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 report on Tuesday, February 18th. Finally, Morgan Stanley restated an “underweight” rating and issued a $10.00 price target on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Sunstone Hotel Investors currently has an average rating of “Hold” and a consensus target price of $11.71.

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.