Everence Capital Management Inc. Buys 12,370 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Everence Capital Management Inc. raised its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 100.1% during the third quarter, HoldingsChannel reports. The fund owned 24,730 shares of the real estate investment trust’s stock after purchasing an additional 12,370 shares during the quarter. Everence Capital Management Inc.’s holdings in Sunstone Hotel Investors were worth $255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of SHO. Quadrature Capital Ltd bought a new stake in Sunstone Hotel Investors during the 4th quarter valued at $125,000. Los Angeles Capital Management LLC bought a new stake in Sunstone Hotel Investors during the 1st quarter valued at $640,000. Vert Asset Management LLC raised its holdings in Sunstone Hotel Investors by 8.9% during the 1st quarter. Vert Asset Management LLC now owns 79,899 shares of the real estate investment trust’s stock valued at $890,000 after acquiring an additional 6,524 shares during the period. Diversified Trust Co raised its holdings in Sunstone Hotel Investors by 3.9% during the 1st quarter. Diversified Trust Co now owns 34,553 shares of the real estate investment trust’s stock valued at $385,000 after acquiring an additional 1,303 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of Sunstone Hotel Investors by 39.0% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 327,075 shares of the real estate investment trust’s stock valued at $3,644,000 after purchasing an additional 91,852 shares in the last quarter. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Down 0.6 %

Shares of NYSE:SHO opened at $10.21 on Wednesday. Sunstone Hotel Investors, Inc. has a 52-week low of $9.03 and a 52-week high of $11.59. The firm has a fifty day moving average of $10.27 and a 200 day moving average of $10.27. The firm has a market capitalization of $2.08 billion, a PE ratio of 11.34, a price-to-earnings-growth ratio of 4.48 and a beta of 1.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 3.75 and a current ratio of 3.75.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.16). Sunstone Hotel Investors had a return on equity of 9.75% and a net margin of 19.51%. The company had revenue of $247.50 million during the quarter, compared to analysts’ expectations of $248.12 million. During the same quarter last year, the firm posted $0.33 earnings per share. The firm’s revenue was down 10.4% on a year-over-year basis. As a group, research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.86 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.09 per share. The ex-dividend date was Monday, September 30th. This represents a $0.36 annualized dividend and a yield of 3.53%. Sunstone Hotel Investors’s payout ratio is 35.56%.

Analyst Ratings Changes

SHO has been the subject of a number of recent analyst reports. Wolfe Research upgraded shares of Sunstone Hotel Investors from a “peer perform” rating to an “outperform” rating and set a $12.00 price target for the company in a research report on Wednesday, July 10th. StockNews.com lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 price target for the company in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.42.

Sunstone Hotel Investors Company 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.