Xact Kapitalforvaltning AB Purchases Shares of 17,499 Sunstone Hotel Investors (SHO)

Xact Kapitalforvaltning AB purchased a new stake in shares of Sunstone Hotel Investors (NYSE:SHO) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 17,499 shares of the real estate investment trust’s stock, valued at approximately $289,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. BlackRock Inc. grew its stake in shares of Sunstone Hotel Investors by 2.6% during the 4th quarter. BlackRock Inc. now owns 21,207,320 shares of the real estate investment trust’s stock valued at $350,558,000 after purchasing an additional 544,188 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Sunstone Hotel Investors by 5.7% during the 4th quarter. Daiwa Securities Group Inc. now owns 14,046,576 shares of the real estate investment trust’s stock valued at $232,190,000 after purchasing an additional 754,542 shares during the period. Deutsche Bank AG grew its stake in shares of Sunstone Hotel Investors by 31.1% during the 4th quarter. Deutsche Bank AG now owns 11,970,288 shares of the real estate investment trust’s stock valued at $197,865,000 after purchasing an additional 2,841,311 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Sunstone Hotel Investors by 1.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,170,397 shares of the real estate investment trust’s stock valued at $50,948,000 after purchasing an additional 33,310 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Sunstone Hotel Investors by 8.1% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,886,470 shares of the real estate investment trust’s stock valued at $47,714,000 after purchasing an additional 216,832 shares during the period.

SHO stock opened at $15.42 on Friday. Sunstone Hotel Investors has a twelve month low of $14.09 and a twelve month high of $17.46. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.00 and a current ratio of 3.00. The stock has a market cap of $3,249.14, a PE ratio of 12.52, a P/E/G ratio of 2.57 and a beta of 1.06.



Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a net margin of 12.53% and a return on equity of 5.56%. The company had revenue of $290.19 million for the quarter, compared to analysts’ expectations of $284.59 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was up .2% on a year-over-year basis. equities analysts forecast that Sunstone Hotel Investors will post 1.12 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be given a dividend of $0.05 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.30%. Sunstone Hotel Investors’s payout ratio is currently 16.39%.

A number of equities research analysts have issued reports on the company. Boenning Scattergood upgraded Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 21st. Robert W. Baird set a $17.00 price target on Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Wednesday, February 14th. B. Riley set a $16.00 price target on Sunstone Hotel Investors and gave the company a “hold” rating in a research note on Monday, February 12th. Raymond James Financial restated a “market perform” rating on shares of Sunstone Hotel Investors in a research note on Monday, January 8th. Finally, Wells Fargo restated a “market perform” rating and set a $17.50 price target on shares of Sunstone Hotel Investors in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $16.42.

COPYRIGHT VIOLATION NOTICE: “Xact Kapitalforvaltning AB Purchases Shares of 17,499 Sunstone Hotel Investors (SHO)” was originally published by Dakota Financial News and is the property of of Dakota Financial News. If you are viewing this news story on another site, it was illegally copied and republished in violation of US & international copyright and trademark laws. The original version of this news story can be viewed at https://dakotafinancialnews.com/2018/04/13/xact-kapitalforvaltning-ab-purchases-shares-of-17499-sunstone-hotel-investors-sho-2.html.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2018 has interests in 25 hotels comprised of 12,450 rooms. Sunstone's hotels are primarily in the urban and resort upper upscale segment and are predominantly operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

Want to see what other hedge funds are holding SHO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sunstone Hotel Investors (NYSE:SHO).

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

Receive News & Ratings for Sunstone Hotel Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunstone Hotel Investors and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply