Honeywell International Inc. grew its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 16.5% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,484 shares of the real estate investment trust’s stock after purchasing an additional 17,787 shares during the quarter. Honeywell International Inc. owned about 0.06% of Sunstone Hotel Investors worth $2,017,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Sunstone Hotel Investors by 4.5% during the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after purchasing an additional 1,619,745 shares during the last quarter. BlackRock Inc. increased its position in shares of Sunstone Hotel Investors by 1.3% during the 2nd quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock worth $319,172,000 after purchasing an additional 255,552 shares during the last quarter. State Street Corp increased its position in shares of Sunstone Hotel Investors by 2.6% during the 2nd quarter. State Street Corp now owns 8,727,578 shares of the real estate investment trust’s stock worth $140,687,000 after purchasing an additional 217,834 shares during the last quarter. FMR LLC increased its position in shares of Sunstone Hotel Investors by 8.5% during the 2nd quarter. FMR LLC now owns 6,002,200 shares of the real estate investment trust’s stock worth $96,755,000 after purchasing an additional 470,200 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Sunstone Hotel Investors by 0.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,976,508 shares of the real estate investment trust’s stock worth $96,341,000 after purchasing an additional 15,535 shares during the last quarter.

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Shares of Sunstone Hotel Investors, Inc. (SHO) traded up 0.37% on Tuesday, hitting $16.27. The stock had a trading volume of 360,099 shares. The company has a 50-day moving average of $16.20 and a 200 day moving average of $15.95. The company has a market capitalization of $3.67 billion, a price-to-earnings ratio of 21.10 and a beta of 1.17. Sunstone Hotel Investors, Inc. has a 52 week low of $12.14 and a 52 week high of $17.15.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.18. The company had revenue of $303.91 million during the quarter, compared to the consensus estimate of $299.90 million. Sunstone Hotel Investors had a return on equity of 7.70% and a net margin of 15.41%. Sunstone Hotel Investors’s revenue was up .2% on a year-over-year basis. During the same period last year, the business posted $0.33 earnings per share. On average, equities research analysts predict that Sunstone Hotel Investors, Inc. will post $0.69 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Saturday, September 30th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, September 28th. Sunstone Hotel Investors’s payout ratio is 25.64%.

SHO has been the subject of several research analyst reports. BidaskClub downgraded Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Zacks Investment Research downgraded Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Robert W. Baird reiterated a “hold” rating and set a $17.00 target price on shares of Sunstone Hotel Investors in a research note on Thursday, September 21st. Canaccord Genuity lifted their target price on Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Finally, FBR & Co reiterated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Tuesday. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $16.13.

Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

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Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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