Sunstone Hotel Investors Inc (NYSE:SHO) CFO Bryan Albert Giglia sold 18,426 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.73, for a total value of $308,266.98. Following the transaction, the chief financial officer now directly owns 229,833 shares of the company’s stock, valued at approximately $3,845,106.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Sunstone Hotel Investors Inc (SHO) opened at $17.08 on Monday. Sunstone Hotel Investors Inc has a twelve month low of $14.15 and a twelve month high of $17.17. The company has a market capitalization of $3,848.50, a P/E ratio of 14.00, a P/E/G ratio of 2.86 and a beta of 1.11. The company has a quick ratio of 4.75, a current ratio of 4.76 and a debt-to-equity ratio of 0.40.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.18. Sunstone Hotel Investors had a return on equity of 6.20% and a net margin of 13.78%. The business had revenue of $303.91 million for the quarter, compared to analysts’ expectations of $299.90 million. During the same period in the prior year, the business posted $0.33 earnings per share. The firm’s revenue was up .2% on a year-over-year basis. equities analysts predict that Sunstone Hotel Investors Inc will post 1.2 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be issued a $0.58 dividend. The ex-dividend date is Thursday, December 28th. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. This represents a $2.32 annualized dividend and a yield of 13.58%. Sunstone Hotel Investors’s dividend payout ratio is presently 29.85%.

SHO has been the subject of several research analyst reports. BidaskClub cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Friday, August 25th. DA Davidson restated a “neutral” rating on shares of Sunstone Hotel Investors in a report on Wednesday, September 6th. Robert W. Baird restated a “hold” rating and set a $17.00 price target on shares of Sunstone Hotel Investors in a report on Thursday, September 21st. FBR & Co restated a “hold” rating on shares of Sunstone Hotel Investors in a report on Tuesday, October 31st. Finally, Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Sunstone Hotel Investors has a consensus rating of “Hold” and an average target price of $15.86.

Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. boosted its holdings in Sunstone Hotel Investors by 3.2% in the second quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock valued at $313,000 after acquiring an additional 609 shares during the last quarter. Global Endowment Management LP bought a new position in shares of Sunstone Hotel Investors during the 2nd quarter worth approximately $3,096,000. Legal & General Group Plc boosted its holdings in shares of Sunstone Hotel Investors by 22.7% during 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 buying an additional 124,144 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its holdings in shares of Sunstone Hotel Investors by 51.9% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 20,790 shares of the real estate investment trust’s stock worth $335,000 after buying an additional 7,100 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Sunstone Hotel Investors by 6.1% during the 3rd quarter. Prudential Financial Inc. now owns 2,496,710 shares of the real estate investment trust’s stock worth $40,122,000 after buying an additional 143,639 shares in the last quarter.

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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.

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