Schonfeld Strategic Advisors LLC Invests $2.09 Million in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Schonfeld Strategic Advisors LLC acquired a new position in Sunstone Hotel Investors, Inc. (NYSE:SHO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 176,342 shares of the real estate investment trust's stock, valued at approximately $2,088,000. Schonfeld Strategic Advisors LLC owned approximately 0.09% of Sunstone Hotel Investors at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of Sunstone Hotel Investors by 645.6% in the fourth quarter. Principal Financial Group Inc. now owns 8,355,572 shares of the real estate investment trust's stock worth $98,929,000 after purchasing an additional 7,234,862 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its stake in Sunstone Hotel Investors by 22.2% during the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 4,686,489 shares of the real estate investment trust's stock valued at $55,488,000 after acquiring an additional 851,104 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sunstone Hotel Investors by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,156,930 shares of the real estate investment trust's stock valued at $49,218,000 after acquiring an additional 74,952 shares in the last quarter. Northern Trust Corp grew its stake in Sunstone Hotel Investors by 20.5% during the fourth quarter. Northern Trust Corp now owns 3,159,408 shares of the real estate investment trust's stock valued at $37,407,000 after acquiring an additional 538,089 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Sunstone Hotel Investors by 8.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,853,280 shares of the real estate investment trust's stock valued at $33,783,000 after acquiring an additional 228,812 shares in the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on SHO. Bank of America raised 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. Jefferies Financial Group cut their target price on shares of 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. Wells Fargo & Company cut their target price on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 18th. Evercore ISI cut their target price on shares of Sunstone Hotel Investors from $12.00 to $10.00 and set an "in-line" rating for the company in a research note on Monday, April 28th. Finally, Morgan Stanley cut their target price on shares of 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. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $10.25.

Sunstone Hotel Investors Price Performance

SHO stock traded up $0.25 during trading on Friday, hitting $8.62. 5,443,633 shares of the company's stock traded hands, compared to its average volume of 2,368,271. Sunstone Hotel Investors, Inc. has a 52 week low of $7.45 and a 52 week high of $12.41. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The business has a fifty day simple moving average of $8.94 and a 200 day simple moving average of $10.44. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 11.34, a P/E/G ratio of 4.52 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO - Get Free Report) last released its quarterly earnings data 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 18.61% and a return on equity of 9.04%. The business had revenue of $234.07 million during the quarter, compared to analyst estimates of $243.34 million. During the same quarter last year, the business earned $0.18 earnings per share. Sunstone Hotel Investors's quarterly revenue was up 7.8% compared to the same quarter last year. As a group, research analysts expect that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.09 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.36 annualized dividend and a dividend yield of 4.18%. Sunstone Hotel Investors's dividend payout ratio (DPR) is presently 360.00%.

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.