28,371 Shares in Sunstone Hotel Investors Inc (NYSE:SHO) Acquired by Ontario Teachers Pension Plan Board

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Ontario Teachers Pension Plan Board bought a new stake in Sunstone Hotel Investors Inc (NYSE:SHO) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 28,371 shares of the real estate investment trust’s stock, valued at approximately $409,000.

Several other hedge funds have also recently made changes to their positions in SHO. BNP Paribas Arbitrage SA raised its holdings in shares of Sunstone Hotel Investors by 52.5% during the first quarter. BNP Paribas Arbitrage SA now owns 185,140 shares of the real estate investment trust’s stock worth $2,666,000 after purchasing an additional 63,743 shares during the period. Elliott Management Corp acquired a new stake in shares of Sunstone Hotel Investors during the fourth quarter worth $19,106,000. Virginia Retirement Systems ET AL raised its holdings in shares of Sunstone Hotel Investors by 37.7% during the fourth quarter. Virginia Retirement Systems ET AL now owns 135,400 shares of the real estate investment trust’s stock worth $1,762,000 after purchasing an additional 37,100 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Sunstone Hotel Investors by 5.4% during the fourth quarter. Victory Capital Management Inc. now owns 1,668,381 shares of the real estate investment trust’s stock worth $21,706,000 after purchasing an additional 85,257 shares during the period. Finally, Vanguard Group Inc raised its holdings in shares of Sunstone Hotel Investors by 0.7% during the third quarter. Vanguard Group Inc now owns 32,870,417 shares of the real estate investment trust’s stock worth $537,760,000 after purchasing an additional 227,233 shares during the period.

A number of analysts have weighed in on the stock. Zacks Investment Research cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Wednesday, March 20th. TheStreet cut shares of Sunstone Hotel Investors from a “b-” rating to a “c+” rating in a report on Friday, May 31st. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Sunstone Hotel Investors in a report on Thursday, February 14th. Four analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of $16.75.

Sunstone Hotel Investors stock traded up $0.02 during trading hours on Wednesday, hitting $13.82. 21,448 shares of the company traded hands, compared to its average volume of 2,204,529. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 2.11 and a beta of 1.11. The company has a current ratio of 7.05, a quick ratio of 7.05 and a debt-to-equity ratio of 0.42. Sunstone Hotel Investors Inc has a 1-year low of $12.70 and a 1-year high of $17.08.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.02. The firm had revenue of $257.68 million for the quarter, compared to analysts’ expectations of $256.64 million. Sunstone Hotel Investors had a net margin of 20.15% and a return on equity of 9.13%. Sunstone Hotel Investors’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS. Research analysts expect that Sunstone Hotel Investors Inc will post 1.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.05 per share. The ex-dividend date is Thursday, June 27th. This represents a $0.20 annualized dividend and a yield of 1.45%. Sunstone Hotel Investors’s payout ratio is 17.09%.

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Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 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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