Sunstone Hotel Investors, Inc. $SHO Stake Boosted by Cbre Investment Management Listed Real Assets LLC

Key Points

• Cbre Investment Management increased its stake in Sunstone Hotel Investors by 16.8%, owning approximately 5.47 million shares worth $51.52 million as of the latest SEC filing.
• Sunstone Hotel Investors reported a quarterly EPS of $0.28, surpassing analysts' expectations and demonstrating a 5% increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.09 per share, representing an annualized yield of 3.8% with a notably high dividend payout ratio of 1,800%.

Cbre Investment Management Listed Real Assets LLC increased its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) by 16.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,474,886 shares of the real estate investment trust's stock after acquiring an additional 788,397 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned approximately 2.75% of Sunstone Hotel Investors worth $51,519,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Sunstone Hotel Investors by 62.7% during the first quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust's stock worth $46,000 after purchasing an additional 1,881 shares during the last quarter. APG Asset Management US Inc. lifted its position in Sunstone Hotel Investors by 31.0% during the first quarter. APG Asset Management US Inc. now owns 867,197 shares of the real estate investment trust's stock worth $8,230,000 after buying an additional 205,186 shares during the period. AlphaQuest LLC acquired a new stake in Sunstone Hotel Investors in the 1st quarter worth about $153,000. Martingale Asset Management L P purchased a new stake in Sunstone Hotel Investors in the 1st quarter valued at about $2,259,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Sunstone Hotel Investors during the 1st quarter worth about $82,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SHO. Evercore ISI boosted their target price on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Wells Fargo & Company lowered their price objective on shares of 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. JPMorgan Chase & Co. began coverage on Sunstone Hotel Investors in a research report on Monday, June 23rd. They issued an "underweight" rating and a $8.00 target price on the stock. Finally, Bank of America raised Sunstone Hotel Investors from an "underperform" rating to a "buy" rating and set a $10.00 price target for the company in a research report on Wednesday, April 30th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $9.07.

Sunstone Hotel Investors Stock Down 1.5%

SHO traded down $0.1450 during trading hours on Monday, reaching $9.4250. 1,687,969 shares of the stock traded hands, compared to its average volume of 2,319,240. Sunstone Hotel Investors, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $12.41. The company has a market cap of $1.79 billion, a price-to-earnings ratio of 471.49, a PEG ratio of 3.56 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.73 and a quick ratio of 2.73. The firm's fifty day simple moving average is $8.91 and its two-hundred day simple moving average is $9.14.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. The company had revenue of $259.77 million during the quarter, compared to analysts' expectations of $256.68 million. During the same period in the prior year, the company posted $0.28 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts forecast 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 will be paid on Wednesday, October 15th. Investors 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 3.8%. The ex-dividend date is Tuesday, September 30th. Sunstone Hotel Investors's dividend payout ratio (DPR) is 1,800.00%.

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.