Daiwa Securities Group Inc. Sells 2,476,645 Shares of Sunstone Hotel Investors Inc (SHO)

Daiwa Securities Group Inc. lessened its holdings in Sunstone Hotel Investors Inc (NYSE:SHO) by 18.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 10,615,882 shares of the real estate investment trust’s stock after selling 2,476,645 shares during the quarter. Sunstone Hotel Investors comprises approximately 1.4% of Daiwa Securities Group Inc.’s portfolio, making the stock its 21st largest holding. Daiwa Securities Group Inc.’s holdings in Sunstone Hotel Investors were worth $176,436,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. BlackRock Inc. raised its position in Sunstone Hotel Investors by 0.5% in the first quarter. BlackRock Inc. now owns 21,303,967 shares of the real estate investment trust’s stock worth $324,247,000 after purchasing an additional 96,647 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Sunstone Hotel Investors by 4.7% during the first quarter. Principal Financial Group Inc. now owns 11,633,078 shares of the real estate investment trust’s stock worth $177,056,000 after buying an additional 518,514 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Sunstone Hotel Investors by 29.7% during the first quarter. Nuveen Asset Management LLC now owns 6,272,821 shares of the real estate investment trust’s stock worth $95,472,000 after buying an additional 1,434,991 shares in the last quarter. Centersquare Investment Management LLC acquired a new stake in shares of Sunstone Hotel Investors during the first quarter worth approximately $92,035,000. Finally, Northern Trust Corp increased its holdings in shares of Sunstone Hotel Investors by 2.8% during the first quarter. Northern Trust Corp now owns 6,013,988 shares of the real estate investment trust’s stock worth $91,533,000 after buying an additional 162,304 shares in the last quarter.

Shares of SHO traded down $0.14 during mid-day trading on Monday, hitting $16.02. 83,949 shares of the company traded hands, compared to its average volume of 1,292,915. Sunstone Hotel Investors Inc has a one year low of $14.09 and a one year high of $17.60. The company has a debt-to-equity ratio of 0.42, a current ratio of 5.24 and a quick ratio of 5.23. The stock has a market capitalization of $3.65 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 2.96 and a beta of 1.11.



Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Monday, May 7th. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). Sunstone Hotel Investors had a net margin of 10.28% and a return on equity of 4.41%. The company had revenue of $271.45 million for the quarter, compared to the consensus estimate of $263.09 million. During the same period last year, the company earned $0.24 earnings per share. Sunstone Hotel Investors’s revenue for the quarter was down 3.3% compared to the same quarter last year. analysts anticipate that Sunstone Hotel Investors Inc will post 1.14 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 16th. Stockholders of record on Friday, June 29th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, June 28th. This represents a $0.20 annualized dividend and a dividend yield of 1.25%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 16.39%.

SHO has been the subject of several recent analyst reports. ValuEngine lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, June 2nd. Zacks Investment Research lowered shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Saturday, May 12th. Barclays raised their price objective on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Friday, June 1st. Jefferies Financial Group initiated coverage on shares of Sunstone Hotel Investors in a report on Thursday, May 31st. They set a “hold” rating and a $17.00 price objective for the company. Finally, Boenning Scattergood reaffirmed a “buy” rating and set a $17.00 price objective on shares of Sunstone Hotel Investors in a report on Wednesday, May 9th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Sunstone Hotel Investors currently has a consensus rating of “Hold” and a consensus price target of $17.06.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of May 7, 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.

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

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