Natixis Advisors LLC Has $821,000 Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Natixis Advisors LLC grew its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 87,260 shares of the real estate investment trust’s stock after purchasing an additional 3,144 shares during the quarter. Natixis Advisors LLC’s holdings in Sunstone Hotel Investors were worth $821,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Nissay Asset Management Corp Japan ADV boosted its stake in Sunstone Hotel Investors by 3.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 33,889 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 1,258 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Sunstone Hotel Investors by 47.7% in the 1st quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 1,560 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at $33,000. GF Fund Management CO. LTD. acquired a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at $42,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Sunstone Hotel Investors by 3.9% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 115,751 shares of the real estate investment trust’s stock valued at $1,370,000 after buying an additional 4,397 shares during the period. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Down 0.7%

NYSE:SHO opened at $8.73 on Monday. Sunstone Hotel Investors, Inc. has a 12-month low of $7.45 and a 12-month high of $12.41. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.66 billion, a P/E ratio of 436.72, a P/E/G ratio of 1.99 and a beta of 1.30. The stock’s fifty day simple moving average is $8.85 and its 200-day simple moving average is $9.31.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. Sunstone Hotel Investors had a return on equity of 1.12% and a net margin of 2.15%. The business had revenue of $259.77 million for the quarter, compared to analyst estimates of $256.68 million. During the same period last year, the company earned $0.28 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. Equities research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 30th. Sunstone Hotel Investors’s payout ratio is presently 1,800.00%.

Analysts Set New Price Targets

SHO has been the subject of several research reports. Wells Fargo & Company lowered their target price 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. Morgan Stanley lowered their target price on Sunstone Hotel Investors from $9.00 to $7.00 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Evercore ISI lifted their target price on Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Bank of America raised 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, JPMorgan Chase & Co. initiated coverage on Sunstone Hotel Investors in a research note on Monday, June 23rd. They issued an “underweight” rating and a $8.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Sunstone Hotel Investors has a consensus rating of “Hold” and an average target price of $9.07.

Sunstone Hotel Investors Company Profile

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.