Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Sold by Tributary Capital Management LLC

Tributary Capital Management LLC decreased its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,326,307 shares of the real estate investment trust’s stock after selling 1,425 shares during the period. Tributary Capital Management LLC owned about 0.66% of Sunstone Hotel Investors worth $15,703,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake in Sunstone Hotel Investors by 114.1% in the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 1,743 shares during the period. Quarry LP grew its position in shares of Sunstone Hotel Investors by 584.1% in the second quarter. Quarry LP now owns 4,310 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 3,680 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in shares of Sunstone Hotel Investors during the third quarter worth about $59,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Sunstone Hotel Investors by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,510 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 1,937 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its stake in Sunstone Hotel Investors by 7.2% in the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 969 shares in the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

Sunstone Hotel Investors Trading Down 2.2 %

Shares of SHO stock opened at $11.45 on Friday. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41. The company’s 50-day moving average price is $11.62 and its 200-day moving average price is $10.74. The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 4.98 and a beta of 1.21.

Sunstone Hotel Investors (NYSE:SHO) last posted its quarterly earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.02). The firm had revenue of $226.40 million during the quarter, compared to analysts’ expectations of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The business’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period last year, the company earned $0.23 EPS. As a group, equities analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 3.15%. The ex-dividend date was Tuesday, December 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 44.74%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wells Fargo & Company increased their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Monday, December 9th. Jefferies Financial Group increased their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 target price on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.86.

Sunstone Hotel Investors Company Profile

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.