GSA Capital Partners LLP boosted its position in Sunstone Hotel Investors Inc (NYSE:SHO) by 317.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 63,060 shares of the real estate investment trust’s stock after buying an additional 47,960 shares during the period. GSA Capital Partners LLP’s holdings in Sunstone Hotel Investors were worth $1,013,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SHO. Utah Retirement Systems grew its position in Sunstone Hotel Investors by 3.1% in the 2nd quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 400 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sunstone Hotel Investors by 11.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,898 shares of the real estate investment trust’s stock valued at $256,000 after buying an additional 1,613 shares during the last quarter. Profund Advisors LLC grew its position in Sunstone Hotel Investors by 1.6% in the 2nd quarter. Profund Advisors LLC now owns 16,650 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 257 shares during the last quarter. Breton Hill Capital Ltd. grew its position in Sunstone Hotel Investors by 27.5% in the 3rd quarter. Breton Hill Capital Ltd. now owns 16,700 shares of the real estate investment trust’s stock valued at $268,000 after buying an additional 3,600 shares during the last quarter. Finally, GAM Holding AG grew its position in Sunstone Hotel Investors by 3.7% in the 2nd quarter. GAM Holding AG now owns 18,830 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 666 shares during the last quarter.

A number of equities analysts recently weighed in on SHO shares. JPMorgan Chase & Co. lifted their price objective on shares of Sunstone Hotel Investors from $13.00 to $14.00 and gave the company a “neutral” rating in a research report on Wednesday, November 1st. DA Davidson restated a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, September 6th. Robert W. Baird set a $17.00 target price on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research report on Monday, October 23rd. B. Riley restated a “neutral” rating on shares of Sunstone Hotel Investors in a research report on Wednesday, November 1st. Finally, FBR & Co restated a “hold” rating on shares of Sunstone Hotel Investors in a research report on Tuesday, October 31st. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. Sunstone Hotel Investors presently has an average rating of “Hold” and a consensus price target of $16.06.

Shares of Sunstone Hotel Investors Inc (NYSE:SHO) opened at $17.06 on Monday. The company has a market cap of $3,840.00, a price-to-earnings ratio of 27.08, a price-to-earnings-growth ratio of 2.85 and a beta of 1.10. Sunstone Hotel Investors Inc has a 1 year low of $14.15 and a 1 year high of $17.46. The company has a debt-to-equity ratio of 0.40, a quick ratio of 4.75 and a current ratio of 4.76.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Monday, October 30th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.13 by $0.18. The company had revenue of $303.91 million for the quarter, compared to analyst estimates of $299.90 million. Sunstone Hotel Investors had a net margin of 13.78% and a return on equity of 6.20%. The business’s revenue was up .2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. sell-side analysts predict that Sunstone Hotel Investors Inc will post 1.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Sunday, December 31st will be given a dividend of $0.58 per share. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. This represents a $2.32 annualized dividend and a dividend yield of 13.60%. The ex-dividend date is Thursday, December 28th. Sunstone Hotel Investors’s payout ratio is presently 31.75%.

In other news, CFO Bryan Albert Giglia sold 18,426 shares of Sunstone Hotel Investors stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction of $308,266.98. Following the completion of the transaction, the chief financial officer now owns 229,833 shares of the company’s stock, valued at approximately $3,845,106.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.84% of the company’s stock.

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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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