Sunstone Hotel Investors (NYSE:SHO) Position Lifted by Guggenheim Capital LLC

Guggenheim Capital LLC lifted its stake in shares of Sunstone Hotel Investors (NYSE:SHO) by 7.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 185,465 shares of the real estate investment trust’s stock after acquiring an additional 13,004 shares during the quarter. Guggenheim Capital LLC owned approximately 0.08% of Sunstone Hotel Investors worth $3,065,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SHO. California Public Employees Retirement System raised its holdings in shares of Sunstone Hotel Investors by 6.6% during the third quarter. California Public Employees Retirement System now owns 648,218 shares of the real estate investment trust’s stock worth $10,417,000 after purchasing an additional 40,279 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sunstone Hotel Investors by 23.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,655 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 3,757 shares during the last quarter. Swiss National Bank raised its holdings in shares of Sunstone Hotel Investors by 4.5% during the fourth quarter. Swiss National Bank now owns 383,749 shares of the real estate investment trust’s stock worth $6,343,000 after purchasing an additional 16,600 shares during the last quarter. Nationwide Fund Advisors raised its holdings in shares of Sunstone Hotel Investors by 22.8% during the third quarter. Nationwide Fund Advisors now owns 464,047 shares of the real estate investment trust’s stock worth $7,457,000 after purchasing an additional 86,234 shares during the last quarter. Finally, Westpac Banking Corp raised its holdings in shares of Sunstone Hotel Investors by 71.8% during the fourth quarter. Westpac Banking Corp now owns 650,648 shares of the real estate investment trust’s stock worth $10,755,000 after purchasing an additional 271,865 shares during the last quarter.

How to Become a New Pot Stock Millionaire

NYSE:SHO opened at $15.45 on Monday. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.42. Sunstone Hotel Investors has a 1-year low of $14.09 and a 1-year high of $17.46. The stock has a market capitalization of $3,481.22, a price-to-earnings ratio of 12.77, a PEG ratio of 2.74 and a beta of 1.06.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Monday, February 12th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a return on equity of 5.56% and a net margin of 12.53%. The company had revenue of $290.19 million during the quarter, compared to analyst estimates of $284.59 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The business’s revenue was up .2% compared to the same quarter last year. equities analysts expect that Sunstone Hotel Investors will post 1.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Friday, March 30th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Wednesday, March 28th. Sunstone Hotel Investors’s dividend payout ratio is presently 16.39%.

A number of research firms have weighed in on SHO. B. Riley set a $16.00 price objective on shares of Sunstone Hotel Investors and gave the company a “hold” rating in a report on Monday, February 12th. Raymond James Financial reaffirmed a “market perform” rating on shares of Sunstone Hotel Investors in a report on Monday, January 8th. Boenning Scattergood reissued an “outperform” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, February 14th. Robert W. Baird set a $17.00 target price on shares of Sunstone Hotel Investors and gave the stock a “hold” rating in a research note on Wednesday, February 14th. Finally, Wells Fargo reissued a “market perform” rating and set a $17.50 target price on shares of Sunstone Hotel Investors in a research note on Tuesday, December 19th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.42.

ILLEGAL ACTIVITY WARNING: This piece of content was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark law. The original version of this piece of content can be viewed at https://ledgergazette.com/2018/04/16/guggenheim-capital-llc-has-3-07-million-holdings-in-sunstone-hotel-investors-sho.html.

Sunstone Hotel Investors 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.

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