Fmr LLC Has $96.76 Million Holdings in Sunstone Hotel Investors, Inc. (SHO)

Fmr LLC raised its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 8.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,002,200 shares of the real estate investment trust’s stock after buying an additional 470,200 shares during the quarter. Fmr LLC owned 2.67% of Sunstone Hotel Investors worth $96,755,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. US Bancorp DE grew its holdings in shares of Sunstone Hotel Investors by 20.9% in the 1st quarter. US Bancorp DE now owns 14,142 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 2,448 shares during the last quarter. American International Group Inc. grew its holdings in shares of Sunstone Hotel Investors by 5.5% in the 1st quarter. American International Group Inc. now owns 131,965 shares of the real estate investment trust’s stock worth $2,023,000 after purchasing an additional 6,906 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Sunstone Hotel Investors by 22.7% in the 2nd quarter. Legal & General Group Plc now owns 671,442 shares of the real estate investment trust’s stock worth $10,829,000 after purchasing an additional 124,144 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Sunstone Hotel Investors by 6.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 449 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Sunstone Hotel Investors by 2.4% in the 1st quarter. California Public Employees Retirement System now owns 598,439 shares of the real estate investment trust’s stock worth $9,174,000 after purchasing an additional 13,900 shares during the last quarter.

Several equities research analysts have recently weighed in on SHO shares. Canaccord Genuity upped their target price on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub lowered shares of Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Finally, Robert W. Baird reaffirmed a “neutral” rating and issued a $17.00 target price (up previously from $16.00) on shares of Sunstone Hotel Investors in a report on Friday, June 16th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.13.

Sunstone Hotel Investors, Inc. (NYSE SHO) opened at 16.32 on Wednesday. The firm has a market cap of $3.68 billion, a P/E ratio of 21.17 and a beta of 1.17. Sunstone Hotel Investors, Inc. has a 12 month low of $12.14 and a 12 month high of $16.86. The company’s 50-day moving average is $15.81 and its 200 day moving average is $15.81.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. Sunstone Hotel Investors had a return on equity of 7.70% and a net margin of 15.41%. The firm had revenue of $318.80 million for the quarter, compared to analysts’ expectations of $316.96 million. During the same quarter in the previous year, the business posted $0.39 earnings per share. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts expect that Sunstone Hotel Investors, Inc. will post $0.69 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date is Thursday, September 28th. Sunstone Hotel Investors’s dividend payout ratio is presently 25.64%.

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Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

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

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