Bowling Portfolio Management LLC Invests $1.60 Million in Sunstone Hotel Investors Inc (SHO) Stock

Bowling Portfolio Management LLC bought a new position in shares of Sunstone Hotel Investors Inc (NYSE:SHO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 97,554 shares of the real estate investment trust’s stock, valued at approximately $1,596,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SHO. Point72 Hong Kong Ltd acquired a new position in Sunstone Hotel Investors during the 2nd quarter worth about $118,000. Qube Research & Technologies Ltd acquired a new position in Sunstone Hotel Investors during the 2nd quarter worth about $128,000. First Hawaiian Bank acquired a new position in Sunstone Hotel Investors during the 3rd quarter worth about $166,000. Dynamic Technology Lab Private Ltd acquired a new position in Sunstone Hotel Investors during the 2nd quarter worth about $180,000. Finally, Tower Research Capital LLC TRC acquired a new position in Sunstone Hotel Investors during the 2nd quarter worth about $254,000.

Shares of NYSE SHO opened at $14.64 on Friday. The company has a current ratio of 5.62, a quick ratio of 5.61 and a debt-to-equity ratio of 0.40. Sunstone Hotel Investors Inc has a 1-year low of $14.09 and a 1-year high of $17.60. The stock has a market cap of $3.38 billion, a price-to-earnings ratio of 11.97, a P/E/G ratio of 2.84 and a beta of 1.02.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Monday, July 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.16). Sunstone Hotel Investors had a return on equity of 4.26% and a net margin of 10.08%. The company had revenue of $317.40 million for the quarter, compared to analysts’ expectations of $317.54 million. During the same quarter last year, the company earned $0.38 EPS. Sunstone Hotel Investors’s revenue for the quarter was down .4% compared to the same quarter last year. On average, research analysts expect that Sunstone Hotel Investors Inc will post 1.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a dividend of $0.05 per share. The ex-dividend date was Thursday, September 27th. This represents a $0.20 annualized dividend and a yield of 1.37%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 16.39%.

Separately, Zacks Investment Research lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.94.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of July 30, 2018 has interests in 24 hotels comprised of 12,046 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate, the majority of which are 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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