Dimensional Fund Advisors LP Has $50.57 Million Stake in Sunstone Hotel Investors, Inc. (SHO)

Dimensional Fund Advisors LP lifted its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 3.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,137,087 shares of the real estate investment trust’s stock after purchasing an additional 110,100 shares during the period. Dimensional Fund Advisors LP owned 1.39% of Sunstone Hotel Investors worth $50,571,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Sunstone Hotel Investors by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after purchasing an additional 1,619,745 shares in the last quarter. BlackRock Inc. increased its stake in shares of Sunstone Hotel Investors by 1.3% in the 2nd quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock worth $319,172,000 after purchasing an additional 255,552 shares in the last quarter. State Street Corp increased its stake in shares of Sunstone Hotel Investors by 1.5% in the 1st quarter. State Street Corp now owns 8,509,744 shares of the real estate investment trust’s stock worth $130,452,000 after purchasing an additional 129,397 shares in the last quarter. FMR LLC increased its stake in shares of Sunstone Hotel Investors by 8.5% in the 2nd quarter. FMR LLC now owns 6,002,200 shares of the real estate investment trust’s stock worth $96,755,000 after purchasing an additional 470,200 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Sunstone Hotel Investors by 0.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,976,508 shares of the real estate investment trust’s stock worth $96,341,000 after purchasing an additional 15,535 shares in the last quarter.

Several research firms have recently commented on SHO. Canaccord Genuity upped their price objective on Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Robert W. Baird restated a “hold” rating and issued a $17.00 price objective on shares of Sunstone Hotel Investors in a research note on Thursday, September 21st. BidaskClub lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $16.13.

Shares of Sunstone Hotel Investors, Inc. (SHO) opened at 16.53 on Friday. The firm has a 50-day moving average price of $16.10 and a 200-day moving average price of $15.89. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 21.44 and a beta of 1.17. Sunstone Hotel Investors, Inc. has a 52 week low of $12.14 and a 52 week high of $17.15.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The company had revenue of $318.80 million during the quarter, compared to analysts’ expectations of $316.96 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post $0.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. Sunstone Hotel Investors’s payout ratio is 25.64%.

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Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Sunstone Hotel Investors by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 37,717,053 shares of the real estate investment trust’s stock worth $607,999,000 after purchasing an additional 1,619,745 shares in the last quarter. BlackRock Inc. increased its stake in shares of Sunstone Hotel Investors by 1.3% in the 2nd quarter. BlackRock Inc. now owns 19,799,736 shares of the real estate investment trust’s stock worth $319,172,000 after purchasing an additional 255,552 shares in the last quarter. State Street Corp increased its stake in shares of Sunstone Hotel Investors by 1.5% in the 1st quarter. State Street Corp now owns 8,509,744 shares of the real estate investment trust’s stock worth $130,452,000 after purchasing an additional 129,397 shares in the last quarter. FMR LLC increased its stake in shares of Sunstone Hotel Investors by 8.5% in the 2nd quarter. FMR LLC now owns 6,002,200 shares of the real estate investment trust’s stock worth $96,755,000 after purchasing an additional 470,200 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in shares of Sunstone Hotel Investors by 0.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 5,976,508 shares of the real estate investment trust’s stock worth $96,341,000 after purchasing an additional 15,535 shares in the last quarter.

Several research firms have recently commented on SHO. Canaccord Genuity upped their price objective on Sunstone Hotel Investors from $17.00 to $18.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Robert W. Baird restated a “hold” rating and issued a $17.00 price objective on shares of Sunstone Hotel Investors in a research note on Thursday, September 21st. BidaskClub lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, Zacks Investment Research lowered Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $16.13.

Shares of Sunstone Hotel Investors, Inc. (SHO) opened at 16.53 on Friday. The firm has a 50-day moving average price of $16.10 and a 200-day moving average price of $15.89. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 21.44 and a beta of 1.17. Sunstone Hotel Investors, Inc. has a 52 week low of $12.14 and a 52 week high of $17.15.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The company had revenue of $318.80 million during the quarter, compared to analysts’ expectations of $316.96 million. During the same quarter in the previous year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post $0.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Saturday, September 30th were issued a $0.05 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.20 dividend on an annualized basis and a yield of 1.21%. Sunstone Hotel Investors’s payout ratio is 25.64%.

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Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust. The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. It operates through hotel ownership segment. It owns primarily urban and resort upper upscale hotels in the United States.

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

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