Dimensional Fund Advisors LP grew its stake in shares of Sunstone Hotel Investors Inc (NYSE:SHO) by 1.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,170,397 shares of the real estate investment trust’s stock after acquiring an additional 33,310 shares during the period. Dimensional Fund Advisors LP owned about 1.41% of Sunstone Hotel Investors worth $50,948,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SHO. Utah Retirement Systems raised its stake in shares of Sunstone Hotel Investors by 3.1% during the second quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 400 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Sunstone Hotel Investors during the second quarter valued at approximately $243,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Sunstone Hotel Investors by 11.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock valued at $256,000 after acquiring an additional 1,613 shares in the last quarter. Profund Advisors LLC raised its stake in shares of Sunstone Hotel Investors by 1.6% during the second quarter. Profund Advisors LLC now owns 16,650 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 257 shares in the last quarter. Finally, Breton Hill Capital Ltd. raised its stake in shares of Sunstone Hotel Investors by 27.5% during the third quarter. Breton Hill Capital Ltd. now owns 16,700 shares of the real estate investment trust’s stock valued at $268,000 after acquiring an additional 3,600 shares in the last quarter.

Several research firms have recently weighed in on SHO. Wells Fargo & Co reaffirmed a “market perform” rating and set a $17.50 price target on shares of Sunstone Hotel Investors in a research note on Tuesday, December 19th. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. B. Riley reaffirmed a “neutral” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. JPMorgan Chase & Co. lifted their price target on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Finally, Boenning Scattergood reaffirmed a “hold” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $16.06.

In related news, CFO Bryan Albert Giglia sold 18,426 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $16.73, for a total value of $308,266.98. Following the completion of the transaction, the chief financial officer now owns 229,833 shares of the company’s stock, valued at $3,845,106.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.84% of the company’s stock.

Sunstone Hotel Investors Inc (NYSE:SHO) opened at $16.41 on Friday. The company has a market cap of $3,708.79, a P/E ratio of 24.49, a P/E/G ratio of 2.67 and a beta of 1.11. Sunstone Hotel Investors Inc has a 12 month low of $14.15 and a 12 month high of $17.46. 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 issued its quarterly earnings data on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.18. The company had revenue of $303.91 million during the quarter, compared to the consensus estimate of $299.90 million. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. Sunstone Hotel Investors’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.33 earnings per share. analysts forecast that Sunstone Hotel Investors Inc will post 1.2 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Sunday, December 31st will be paid a $0.58 dividend. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.32 dividend on an annualized basis and a yield of 14.14%. Sunstone Hotel Investors’s payout ratio is 346.27%.

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About Sunstone Hotel Investors

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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