Stevens Capital Management LP grew its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 179.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 71,195 shares of the real estate investment trust’s stock after purchasing an additional 45,732 shares during the period. Stevens Capital Management LP’s holdings in Sunstone Hotel Investors were worth $1,148,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. US Bancorp DE raised its holdings in shares of Sunstone Hotel Investors by 20.9% in the first quarter. US Bancorp DE now owns 14,142 shares of the real estate investment trust’s stock worth $217,000 after buying an additional 2,448 shares during the period. American International Group Inc. raised its holdings in shares of Sunstone Hotel Investors by 5.5% in the first quarter. American International Group Inc. now owns 131,965 shares of the real estate investment trust’s stock worth $2,023,000 after buying an additional 6,906 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of Sunstone Hotel Investors by 6.0% in the first quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 449 shares during the period. Credit Agricole S A raised its holdings in shares of Sunstone Hotel Investors by 48.1% in the first quarter. Credit Agricole S A now owns 63,403 shares of the real estate investment trust’s stock worth $972,000 after buying an additional 20,605 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of Sunstone Hotel Investors by 2.4% in the first quarter. California Public Employees Retirement System now owns 598,439 shares of the real estate investment trust’s stock worth $9,174,000 after buying an additional 13,900 shares during the period.

Sunstone Hotel Investors, Inc. (NYSE:SHO) opened at 15.84 on Friday. The firm’s 50-day moving average price is $15.72 and its 200 day moving average price is $15.65. The stock has a market capitalization of $3.57 billion, a P/E ratio of 20.54 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.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $318.80 million for the quarter, compared to analysts’ expectations of $316.96 million. During the same period in the prior year, the firm earned $0.39 earnings per share. The firm’s revenue was down 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post $0.69 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Thursday, September 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 25.64%.

SHO has been the topic of several recent analyst reports. Canaccord Genuity increased their price target on Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. BidaskClub downgraded Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Friday, June 9th. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Sunstone Hotel Investors in a report on Friday, June 16th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Sunstone Hotel Investors has a consensus rating of “Hold” and an average target price of $15.80.

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Sunstone Hotel Investors 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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