Bailard Inc. Makes New Investment in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Bailard Inc. acquired a new position in Sunstone Hotel Investors, Inc. (NYSE:SHO) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,000 shares of the real estate investment trust’s stock, valued at approximately $157,000.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Sunstone Hotel Investors by 0.4% in the first quarter. Vanguard Group Inc. now owns 32,326,254 shares of the real estate investment trust’s stock worth $360,114,000 after acquiring an additional 115,899 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Sunstone Hotel Investors by 1.1% in the fourth quarter. Franklin Resources Inc. now owns 7,860,281 shares of the real estate investment trust’s stock worth $84,341,000 after acquiring an additional 89,211 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Sunstone Hotel Investors by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,906,158 shares of the real estate investment trust’s stock worth $41,913,000 after acquiring an additional 88,949 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Sunstone Hotel Investors by 313.8% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,873,721 shares of the real estate investment trust’s stock worth $41,565,000 after acquiring an additional 2,937,603 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Sunstone Hotel Investors by 7.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 3,281,393 shares of the real estate investment trust’s stock worth $35,209,000 after acquiring an additional 236,708 shares during the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Stock Down 1.0 %

SHO stock opened at $10.24 on Wednesday. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.78 and a fifty-two week high of $11.59. The business’s 50-day moving average is $10.18 and its two-hundred day moving average is $10.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.75 and a current ratio of 3.75. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 4.19 and a beta of 1.24.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.16). Sunstone Hotel Investors had a net margin of 19.51% and a return on equity of 9.75%. The firm had revenue of $247.50 million during the quarter, compared to the consensus estimate of $248.12 million. During the same period in the prior year, the company posted $0.33 EPS. The firm’s revenue was down 10.4% compared to the same quarter last year. As a group, analysts forecast that Sunstone Hotel Investors, Inc. will post 0.89 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend is Monday, September 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 35.56%.

Wall Street Analyst Weigh In

Several research firms recently commented on SHO. StockNews.com cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Robert W. Baird raised Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $11.00 to $12.00 in a research report on Tuesday, May 28th. Wolfe Research raised Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research report on Wednesday, July 10th. Baird R W raised Sunstone Hotel Investors to a “strong-buy” rating in a research report on Tuesday, May 28th. Finally, Compass Point raised Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and increased their price objective for the company from $10.00 to $12.00 in a research report on Tuesday, May 7th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sunstone Hotel Investors currently has an average rating of “Hold” and an average price target of $11.00.

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.