Metis Global Partners LLC Acquires 4,804 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Metis Global Partners LLC lifted its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 29.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 20,942 shares of the real estate investment trust’s stock after purchasing an additional 4,804 shares during the period. Metis Global Partners LLC’s holdings in Sunstone Hotel Investors were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SHO. Russell Investments Group Ltd. increased its holdings in Sunstone Hotel Investors by 572.0% during the 1st quarter. Russell Investments Group Ltd. now owns 219,000 shares of the real estate investment trust’s stock worth $2,440,000 after purchasing an additional 186,413 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Sunstone Hotel Investors by 170.5% during the second quarter. American Century Companies Inc. now owns 199,580 shares of the real estate investment trust’s stock valued at $2,088,000 after buying an additional 125,809 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Sunstone Hotel Investors by 11.6% during the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust’s stock worth $11,566,000 after buying an additional 116,058 shares in the last quarter. Miller Howard Investments Inc. NY purchased a new stake in Sunstone Hotel Investors in the 2nd quarter valued at $303,000. Finally, Millennium Management LLC lifted its stake in Sunstone Hotel Investors by 368.0% during the 2nd quarter. Millennium Management LLC now owns 1,767,636 shares of the real estate investment trust’s stock valued at $18,489,000 after acquiring an additional 1,389,917 shares in the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Sunstone Hotel Investors from an “underweight” rating to an “equal weight” rating and set a $10.50 target price for the company in a research note on Friday, September 13th. StockNews.com downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.42.

Sunstone Hotel Investors Trading Up 0.1 %

Shares of SHO stock opened at $10.06 on Wednesday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. The firm has a market cap of $2.02 billion, a P/E ratio of 13.24, a PEG ratio of 5.52 and a beta of 1.25. The company has a 50 day moving average of $10.35 and a 200-day moving average of $10.25. Sunstone Hotel Investors, Inc. has a 12-month low of $9.39 and a 12-month high of $11.59.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.02). Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The firm had revenue of $226.40 million for the quarter, compared to analysts’ expectations of $224.61 million. During the same period in the prior year, the company earned $0.23 EPS. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. Sell-side analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.78 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.58%. The ex-dividend date is Tuesday, December 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 44.74%.

About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership, and disposition of well-located hotel and resort real estate.