ARP Americas LP Grows Holdings in Sunstone Hotel Investors Inc (SHO)

ARP Americas LP boosted its position in shares of Sunstone Hotel Investors Inc (NYSE:SHO) by 70.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 73,500 shares of the real estate investment trust’s stock after purchasing an additional 30,400 shares during the quarter. ARP Americas LP’s holdings in Sunstone Hotel Investors were worth $1,215,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC purchased a new position in Sunstone Hotel Investors during the 4th quarter worth $155,000. Lourd Capital LLC purchased a new position in Sunstone Hotel Investors during the 4th quarter worth $204,000. Breton Hill Capital Ltd. increased its holdings in Sunstone Hotel Investors by 27.5% during the 3rd quarter. Breton Hill Capital Ltd. now owns 16,700 shares of the real estate investment trust’s stock worth $268,000 after purchasing an additional 3,600 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Sunstone Hotel Investors by 3.2% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 19,388 shares of the real estate investment trust’s stock worth $313,000 after purchasing an additional 609 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Sunstone Hotel Investors by 23.6% during the 4th 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 period.

Sunstone Hotel Investors Inc (NYSE SHO) opened at $15.58 on Tuesday. Sunstone Hotel Investors Inc has a fifty-two week low of $14.15 and a fifty-two week high of $17.46. The stock has a market capitalization of $3,510.51, a price-to-earnings ratio of 25.97, a PEG ratio of 2.78 and a beta of 1.05. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.00 and a quick ratio of 3.00.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings results on Monday, February 12th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.19). Sunstone Hotel Investors had a net margin of 7.13% and a return on equity of 2.67%. The company had revenue of $290.19 million during the quarter, compared to analysts’ expectations of $284.59 million. During the same quarter in the prior year, the business posted $0.29 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. sell-side analysts anticipate that Sunstone Hotel Investors Inc will post 1.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Friday, March 30th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.28%. Sunstone Hotel Investors’s dividend payout ratio is presently 386.67%.

Several research analysts have commented on SHO shares. Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Friday, November 3rd. Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. B. Riley restated a “neutral” rating on shares of Sunstone Hotel Investors in a report on Wednesday, November 1st. JPMorgan Chase & Co. lifted their price target on Sunstone Hotel Investors from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Sunstone Hotel Investors in a report on Monday, January 8th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.94.

In other news, CFO Bryan Albert Giglia sold 18,426 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $16.73, for a total value of $308,266.98. Following the completion of the sale, the chief financial officer now owns 229,833 shares of the company’s stock, valued at approximately $3,845,106.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.84% of the stock is owned by company insiders.

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Sunstone Hotel Investors Company Profile

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

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

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