APG Asset Management N.V. grew its position in Sunstone Hotel Investors Inc (NYSE:SHO) by 10.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 377,200 shares of the real estate investment trust’s stock after purchasing an additional 36,200 shares during the quarter. APG Asset Management N.V.’s holdings in Sunstone Hotel Investors were worth $5,192,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its holdings in shares of Sunstone Hotel Investors by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 12,833,817 shares of the real estate investment trust’s stock worth $206,238,000 after buying an additional 431,187 shares during the period. State Street Corp lifted its holdings in shares of Sunstone Hotel Investors by 2.6% in the 2nd quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock worth $140,687,000 after buying an additional 217,834 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Sunstone Hotel Investors by 9.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,531,026 shares of the real estate investment trust’s stock worth $105,148,000 after buying an additional 554,518 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Sunstone Hotel Investors by 4.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 6,015,386 shares of the real estate investment trust’s stock worth $96,667,000 after buying an additional 269,167 shares during the period. Finally, FMR LLC lifted its holdings in shares of Sunstone Hotel Investors by 8.5% in the 2nd quarter. FMR LLC now owns 6,002,200 shares of the real estate investment trust’s stock worth $96,755,000 after buying an additional 470,200 shares during the period.

In related news, CFO Bryan Albert Giglia sold 18,426 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.84% of the company’s stock.

Several equities research analysts have weighed in on SHO shares. Robert W. Baird set a $17.00 target price on Sunstone Hotel Investors and gave the stock a “hold” rating in a report on Monday, October 23rd. FBR & Co reissued a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Wells Fargo & Co reissued a “market perform” rating and issued a $17.50 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, December 19th. JPMorgan Chase & Co. lowered Sunstone Hotel Investors from a “neutral” rating to an “underweight” rating and set a $14.00 price target for the company. in a research report on Thursday, November 16th. Finally, Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Friday, November 3rd. Four research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $16.06.

Sunstone Hotel Investors Inc (NYSE:SHO) opened at $15.76 on Tuesday. The company has a market capitalization of $3,684.01, a price-to-earnings ratio of 23.52, a PEG ratio of 2.70 and a beta of 1.05. The company has a debt-to-equity ratio of 0.40, a current ratio of 4.76 and a quick ratio of 4.75. Sunstone Hotel Investors Inc has a 1 year low of $14.15 and a 1 year high of $17.46.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st were given a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 14.72%. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, December 28th. Sunstone Hotel Investors’s payout ratio is presently 346.27%.

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Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.

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Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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