Public Employees Retirement System of Ohio Purchases 103,504 Shares of Sunstone Hotel Investors Inc (NYSE:SHO)

Public Employees Retirement System of Ohio boosted its position in shares of Sunstone Hotel Investors Inc (NYSE:SHO) by 35.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 397,755 shares of the real estate investment trust’s stock after acquiring an additional 103,504 shares during the quarter. Public Employees Retirement System of Ohio owned 0.18% of Sunstone Hotel Investors worth $5,453,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of SHO. Berman Capital Advisors LLC bought a new position in shares of Sunstone Hotel Investors in the second quarter valued at about $144,000. ARP Americas LP bought a new position in shares of Sunstone Hotel Investors in the second quarter valued at about $164,000. Nisa Investment Advisors LLC raised its position in shares of Sunstone Hotel Investors by 55.0% in the second quarter. Nisa Investment Advisors LLC now owns 19,479 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 6,909 shares during the period. New York State Teachers Retirement System bought a new position in shares of Sunstone Hotel Investors in the first quarter valued at about $291,000. Finally, Quantamental Technologies LLC raised its position in shares of Sunstone Hotel Investors by 48.3% in the second quarter. Quantamental Technologies LLC now owns 21,669 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 7,053 shares during the period.

Sunstone Hotel Investors stock traded down $0.04 during mid-day trading on Thursday, hitting $13.70. 1,866,193 shares of the stock were exchanged, compared to its average volume of 2,097,763. The company has a quick ratio of 6.97, a current ratio of 6.97 and a debt-to-equity ratio of 0.41. Sunstone Hotel Investors Inc has a 12 month low of $12.54 and a 12 month high of $16.77. The firm’s fifty day simple moving average is $13.22 and its two-hundred day simple moving average is $13.96. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 2.07 and a beta of 1.05.



Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the 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 during the quarter, compared to the consensus estimate of $297.95 million. During the same quarter in the prior year, the firm earned $0.37 EPS. The business’s revenue was down 4.6% compared to the same quarter last year. As a group, analysts forecast that Sunstone Hotel Investors Inc will post 1.1 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date is Friday, September 27th. Sunstone Hotel Investors’s dividend payout ratio is 17.09%.

Several equities analysts have recently weighed in on SHO shares. Wells Fargo & Co raised shares of Sunstone Hotel Investors from a “market perform” rating to an “outperform” rating and set a $15.00 price objective on the stock in a research report on Thursday, June 27th. Deutsche Bank set a $15.00 price objective on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a research report on Friday, August 2nd. ValuEngine lowered shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, July 12th. Bank of America lowered shares of Sunstone Hotel Investors from a “neutral” rating to an “underperform” rating in a research report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set an “underweight” rating on the stock in a research report on Friday, September 6th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $14.25.

Sunstone Hotel Investors Company 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.

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

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