GAMMA Investing LLC Raises Stake in Sunstone Hotel Investors, Inc. (NYSE:SHO)

GAMMA Investing LLC grew its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 1,289.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 45,460 shares of the real estate investment trust's stock after purchasing an additional 42,189 shares during the quarter. GAMMA Investing LLC's holdings in Sunstone Hotel Investors were worth $428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its stake in Sunstone Hotel Investors by 23.0% in the 4th quarter. Bank of America Corp DE now owns 6,567,535 shares of the real estate investment trust's stock worth $77,760,000 after purchasing an additional 1,229,769 shares during the period. Cbre Investment Management Listed Real Assets LLC increased its stake in Sunstone Hotel Investors by 22.2% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust's stock worth $55,488,000 after purchasing an additional 851,104 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Sunstone Hotel Investors by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,156,930 shares of the real estate investment trust's stock worth $49,218,000 after purchasing an additional 74,952 shares during the period. Northern Trust Corp increased its stake in Sunstone Hotel Investors by 20.5% in the fourth quarter. Northern Trust Corp now owns 3,159,408 shares of the real estate investment trust's stock worth $37,407,000 after purchasing an additional 538,089 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Sunstone Hotel Investors by 8.7% in the fourth quarter. The Manufacturers Life Insurance Company now owns 2,853,280 shares of the real estate investment trust's stock worth $33,783,000 after purchasing an additional 228,812 shares during the period. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Stock Up 0.2%

Shares of SHO stock traded up $0.02 during trading hours on Monday, reaching $8.72. 4,034,210 shares of the company's stock were exchanged, compared to its average volume of 2,519,388. The stock's fifty day moving average price is $8.62 and its two-hundred day moving average price is $10.04. The stock has a market cap of $1.73 billion, a PE ratio of 87.20, a PEG ratio of 2.18 and a beta of 1.27. Sunstone Hotel Investors, Inc. has a 1 year low of $7.45 and a 1 year high of $12.41. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.47.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The firm had revenue of $234.07 million for the quarter, compared to analyst estimates of $243.34 million. Sunstone Hotel Investors had a return on equity of 1.93% and a net margin of 3.85%. Sunstone Hotel Investors's revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Monday, June 30th. Sunstone Hotel Investors's payout ratio is presently 360.00%.

Analysts Set New Price Targets

A number of research firms have weighed in on SHO. Jefferies Financial Group reduced their target price on Sunstone Hotel Investors from $12.00 to $8.00 and set a "hold" rating on the stock in a research note on Wednesday, April 9th. Bank of America upgraded Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 target price on the stock in a research note on Wednesday, April 30th. 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 research note on Tuesday, April 22nd. Evercore ISI upgraded 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, JPMorgan Chase & Co. assumed coverage on Sunstone Hotel Investors in a research note on Monday. They set an "underweight" rating and a $8.00 price target on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $9.75.

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.