Universal Beteiligungs und Servicegesellschaft mbH Purchases Shares of 105,540 Sunstone Hotel Investors, Inc. (NYSE:SHO)

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 105,540 shares of the real estate investment trust’s stock, valued at approximately $993,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of Sunstone Hotel Investors as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in SHO. Y Intercept Hong Kong Ltd acquired a new position in Sunstone Hotel Investors in the first quarter worth about $533,000. Victory Capital Management Inc. raised its holdings in shares of Sunstone Hotel Investors by 994.8% in the 1st quarter. Victory Capital Management Inc. now owns 407,682 shares of the real estate investment trust’s stock worth $3,836,000 after buying an additional 370,443 shares in the last quarter. Massachusetts Financial Services Co. MA bought a new position in shares of Sunstone Hotel Investors during the 1st quarter worth approximately $42,838,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Sunstone Hotel Investors in the 1st quarter valued at $1,504,000. Finally, Edgestream Partners L.P. acquired a new stake in Sunstone Hotel Investors in the 1st quarter valued at $1,182,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Sunstone Hotel Investors Trading Down 1.3%

SHO opened at $8.64 on Friday. Sunstone Hotel Investors, Inc. has a 1-year low of $7.45 and a 1-year high of $12.41. The stock has a market capitalization of $1.72 billion, a PE ratio of 86.40, a PEG ratio of 1.94 and a beta of 1.30. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.47. The firm has a 50-day moving average price of $8.87 and a two-hundred day moving average price of $9.45.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, beating the consensus estimate of $0.18 by $0.03. Sunstone Hotel Investors had a net margin of 3.85% and a return on equity of 1.93%. The business had revenue of $234.07 million for the quarter, compared to analysts’ expectations of $243.34 million. During the same period in the prior year, the firm earned $0.18 earnings per share. Sunstone Hotel Investors’s revenue was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Monday, June 30th. Sunstone Hotel Investors’s dividend payout ratio is 360.00%.

Analyst Ratings Changes

Several research firms have issued reports on SHO. Wells Fargo & Company dropped their price objective on Sunstone Hotel Investors from $9.00 to $8.50 and set an “equal weight” rating for the company in a research note on Tuesday, July 1st. Jefferies Financial Group cut their price target on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating for the company in a report on Wednesday, April 9th. Evercore ISI upped their price objective on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. Bank of America upgraded shares of Sunstone Hotel Investors from an “underperform” rating to a “buy” rating and set a $10.00 target price for the company in a research note on Wednesday, April 30th. Finally, Morgan Stanley reduced their target price on Sunstone Hotel Investors from $9.00 to $7.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $9.07.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.