Everence Capital Management Inc. Has $192,000 Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Everence Capital Management Inc. lessened its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 34.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,190 shares of the real estate investment trust’s stock after selling 8,540 shares during the quarter. Everence Capital Management Inc.’s holdings in Sunstone Hotel Investors were worth $192,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SHO. JPMorgan Chase & Co. boosted its position in shares of Sunstone Hotel Investors by 31.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock worth $49,284,000 after purchasing an additional 1,130,558 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Sunstone Hotel Investors by 11.6% during the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust’s stock worth $11,566,000 after buying an additional 116,058 shares during the last quarter. Intech Investment Management LLC bought a new position in Sunstone Hotel Investors during the third quarter worth about $573,000. American Century Companies Inc. increased its stake in shares of Sunstone Hotel Investors by 170.5% in the 2nd quarter. American Century Companies Inc. now owns 199,580 shares of the real estate investment trust’s stock valued at $2,088,000 after acquiring an additional 125,809 shares during the last quarter. Finally, NFJ Investment Group LLC acquired a new stake in shares of Sunstone Hotel Investors in the 3rd quarter valued at approximately $3,220,000. Institutional investors own 99.37% of the company’s stock.

Analysts Set New Price Targets

SHO has been the subject of a number of analyst reports. Jefferies Financial Group boosted their price objective on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company boosted their price target on shares of Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $12.17.

Sunstone Hotel Investors Price Performance

Shares of NYSE SHO opened at $12.10 on Friday. The company has a fifty day moving average price of $11.36 and a 200 day moving average price of $10.63. The firm has a market cap of $2.43 billion, a PE ratio of 15.92, a PEG ratio of 6.45 and a beta of 1.21. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors, Inc. has a 1-year low of $9.39 and a 1-year high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm had revenue of $226.40 million for the quarter, compared to analyst estimates of $224.61 million. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. Research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 2.98%. Sunstone Hotel Investors’s dividend payout ratio is currently 44.74%.

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.