Edgestream Partners L.P. Takes Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Edgestream Partners L.P. purchased a new stake in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 125,638 shares of the real estate investment trust's stock, valued at approximately $1,182,000. Edgestream Partners L.P. owned 0.06% of Sunstone Hotel Investors at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SHO. Raymond James Financial Inc. bought a new stake in shares of Sunstone Hotel Investors in the fourth quarter worth $1,239,000. Avantax Advisory Services Inc. acquired a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at about $254,000. Swiss National Bank increased its holdings in Sunstone Hotel Investors by 0.6% during the 4th quarter. Swiss National Bank now owns 379,949 shares of the real estate investment trust's stock worth $4,499,000 after purchasing an additional 2,300 shares in the last quarter. Natixis Advisors LLC grew its position in Sunstone Hotel Investors by 19.0% in the 4th quarter. Natixis Advisors LLC now owns 84,116 shares of the real estate investment trust's stock worth $996,000 after purchasing an additional 13,446 shares in the last quarter. Finally, Cibc World Markets Corp bought a new position in shares of Sunstone Hotel Investors during the 4th quarter valued at approximately $225,000. 99.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on SHO shares. Bank of America upgraded Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price target on the stock in a research report on Wednesday, April 30th. JPMorgan Chase & Co. assumed coverage on Sunstone Hotel Investors in a report on Monday, June 23rd. They issued an "underweight" rating and a $8.00 target price for the company. Wells Fargo & Company dropped their price target on Sunstone Hotel Investors from $9.00 to $8.50 and set an "equal weight" rating on the stock in a research note on Tuesday, July 1st. Evercore ISI upgraded shares of Sunstone Hotel Investors from an "in-line" rating to an "outperform" rating and set a $10.00 price target on the stock in a research note on Friday, May 16th. Finally, Jefferies Financial Group dropped their price objective on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating for the company in a research note on Wednesday, April 9th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $8.93.

Sunstone Hotel Investors Stock Performance

SHO traded up $0.21 on Tuesday, hitting $9.06. 1,469,246 shares of the company traded hands, compared to its average volume of 2,504,512. The stock has a market capitalization of $1.80 billion, a PE ratio of 90.55, a PEG ratio of 1.44 and a beta of 1.25. The company has a 50 day moving average of $8.86 and a 200-day moving average of $9.62. The company has a quick ratio of 2.89, a current ratio of 2.89 and a debt-to-equity ratio of 0.47. Sunstone Hotel Investors, Inc. has a 12-month low of $7.45 and a 12-month high of $12.41.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its 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 return on equity of 1.93% and a net margin of 3.85%. The firm had revenue of $234.07 million during the quarter, compared to analyst estimates of $243.34 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The business's quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate 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 disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.98%. The ex-dividend date of this dividend was Monday, June 30th. Sunstone Hotel Investors's dividend payout ratio is presently 360.00%.

Sunstone Hotel Investors 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.