Westpac Banking Corp Has $5 Million Stock Holdings in Sunstone Hotel Investors Inc (NYSE:SHO)

Westpac Banking Corp lessened its holdings in Sunstone Hotel Investors Inc (NYSE:SHO) by 3.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 364,894 shares of the real estate investment trust’s stock after selling 11,350 shares during the quarter. Westpac Banking Corp’s holdings in Sunstone Hotel Investors were worth $5,003,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the stock. Brinker Capital Inc. raised its position in Sunstone Hotel Investors by 10.5% in the first quarter. Brinker Capital Inc. now owns 14,300 shares of the real estate investment trust’s stock worth $206,000 after purchasing an additional 1,360 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Sunstone Hotel Investors by 2.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,095 shares of the real estate investment trust’s stock worth $865,000 after buying an additional 1,632 shares during the last quarter. Great West Life Assurance Co. Can grew its stake in Sunstone Hotel Investors by 1.5% during the first quarter. Great West Life Assurance Co. Can now owns 209,980 shares of the real estate investment trust’s stock worth $3,021,000 after buying an additional 3,198 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in Sunstone Hotel Investors by 8.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 43,599 shares of the real estate investment trust’s stock worth $628,000 after buying an additional 3,223 shares during the last quarter. Finally, ClariVest Asset Management LLC grew its stake in Sunstone Hotel Investors by 3.3% during the first quarter. ClariVest Asset Management LLC now owns 110,600 shares of the real estate investment trust’s stock worth $1,593,000 after buying an additional 3,500 shares during the last quarter.

Sunstone Hotel Investors stock traded up $0.22 during trading hours on Friday, hitting $13.19. 69,461 shares of the stock were exchanged, compared to its average volume of 1,788,457. Sunstone Hotel Investors Inc has a 12 month low of $12.54 and a 12 month high of $16.91. The company has a debt-to-equity ratio of 0.41, a quick ratio of 6.97 and a current ratio of 6.97. The business’s 50-day moving average is $13.41 and its two-hundred day moving average is $14.12. The stock has a market capitalization of $3.01 billion, a P/E ratio of 11.18, a P/E/G ratio of 2.04 and a beta of 1.05.



Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.15). Sunstone Hotel Investors had a net margin of 20.14% and a return on equity of 8.97%. The company had revenue of $302.90 million for the quarter, compared to the consensus estimate of $297.95 million. During the same period last year, the company earned $0.37 earnings per share. Sunstone Hotel Investors’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, equities analysts predict that Sunstone Hotel Investors Inc will post 1.1 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, September 27th. This represents a $0.20 annualized dividend and a dividend yield of 1.52%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 17.09%.

Several analysts have weighed in on SHO shares. Deutsche Bank set a $15.00 price objective on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research note on Friday, August 2nd. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. TheStreet cut shares of Sunstone Hotel Investors from a “b-” rating to a “c+” rating in a research note on Friday, May 31st. Bank of America cut shares of Sunstone Hotel Investors from a “neutral” rating to an “underperform” rating in a research note on Wednesday, July 17th. Finally, ValuEngine cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Friday, July 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $15.33.

Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real Estate®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

Featured Article: What is the Gross Domestic Product (GDP)?

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 Inc (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.