Crestline Management LP Takes $2.25 Million Position in Sunstone Hotel Investors Inc (SHO)

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Crestline Management LP bought a new position in shares of Sunstone Hotel Investors Inc (NYSE:SHO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 173,057 shares of the real estate investment trust’s stock, valued at approximately $2,251,000. Crestline Management LP owned approximately 0.08% of Sunstone Hotel Investors as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Wells Fargo & Company MN raised its position in shares of Sunstone Hotel Investors by 1.9% during the 3rd quarter. Wells Fargo & Company MN now owns 286,476 shares of the real estate investment trust’s stock valued at $4,687,000 after acquiring an additional 5,299 shares in the last quarter. WINTON GROUP Ltd raised its position in shares of Sunstone Hotel Investors by 34.2% during the 3rd quarter. WINTON GROUP Ltd now owns 43,531 shares of the real estate investment trust’s stock valued at $712,000 after acquiring an additional 11,102 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Sunstone Hotel Investors by 5.2% during the 3rd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 237,512 shares of the real estate investment trust’s stock valued at $3,886,000 after acquiring an additional 11,644 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Sunstone Hotel Investors by 0.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,075,684 shares of the real estate investment trust’s stock valued at $115,759,000 after acquiring an additional 54,790 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. raised its position in shares of Sunstone Hotel Investors by 3.2% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 143,000 shares of the real estate investment trust’s stock valued at $2,339,000 after acquiring an additional 4,500 shares in the last quarter.

Shares of NYSE SHO opened at $14.65 on Friday. Sunstone Hotel Investors Inc has a 1-year low of $12.70 and a 1-year high of $17.60. The company has a current ratio of 3.90, a quick ratio of 3.90 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 12.52, a P/E/G ratio of 2.29 and a beta of 1.15.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Tuesday, February 12th. The real estate investment trust reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Sunstone Hotel Investors had a return on equity of 10.02% and a net margin of 21.61%. The firm had revenue of $280.85 million for the quarter, compared to analyst estimates of $275.14 million. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was down 3.2% on a year-over-year basis. Sell-side analysts anticipate that Sunstone Hotel Investors Inc will post 1.07 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.37%. The ex-dividend date is Thursday, March 28th. Sunstone Hotel Investors’s dividend payout ratio is presently 184.62%.

Several equities research analysts have weighed in on SHO shares. Barclays lowered Sunstone Hotel Investors from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $18.00 to $16.00 in a research report on Tuesday, December 18th. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Thursday, February 21st. Finally, Deutsche Bank reaffirmed a “hold” rating and issued a $16.00 target price on shares of Sunstone Hotel Investors in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $16.83.

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Sunstone Hotel Investors Profile

Sunstone Hotel Investors, Inc is a real estate investment trust, which engages in the acquisition, ownership, asset management and renovation of hotels and resorts. It operates under the following brands: Marriott, Hilton, and Hyatt. The company was founded by Robert A. Alter in 1985 and is headquartered in Aliso Viejo, CA.

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

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