Sunstone Hotel Investors Inc. (NYSE:SHO) shares traded up 2.8% during mid-day trading on Friday . The company traded as high as $12.83 and last traded at $12.82, with a volume of 1,473,921 shares trading hands. The stock had previously closed at $12.47.

A number of research firms recently issued reports on SHO. Evercore ISI cut Sunstone Hotel Investors from a “buy” rating to a “hold” rating and set a $13.50 target price for the company. in a research note on Monday, March 21st. Credit Suisse Group AG increased their target price on Sunstone Hotel Investors from $13.50 to $14.50 and gave the stock an “outperform” rating in a research note on Wednesday, March 23rd. Zacks Investment Research raised Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Wednesday, April 6th. FBR & Co reissued a “buy” rating on shares of Sunstone Hotel Investors in a research note on Monday, May 2nd. Finally, Canaccord Genuity raised Sunstone Hotel Investors from a “hold” rating to a “buy” rating and increased their target price for the stock from $14.00 to $15.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. Sunstone Hotel Investors currently has an average rating of “Hold” and an average price target of $14.59.

The firm has a market capitalization of $2.81 billion and a price-to-earnings ratio of 8.072. The stock’s 50 day moving average is $12.05 and its 200 day moving average is $12.43.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Monday, May 2nd. The company reported $0.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.01. During the same period last year, the firm posted $0.22 earnings per share. The business earned $274.30 million during the quarter, compared to analyst estimates of $277.91 million. Sunstone Hotel Investors’s quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts expect that Sunstone Hotel Investors Inc. will post $1.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.60%. The ex-dividend date is Tuesday, June 28th.

In other Sunstone Hotel Investors news, SVP David Ryan Sloan sold 35,209 shares of the business’s stock in a transaction that occurred on Tuesday, May 3rd. The stock was sold at an average price of $12.44, for a total value of $437,999.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Keith P. Russell sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 14th. The shares were sold at an average price of $11.54, for a total value of $115,400.00. Following the completion of the transaction, the director now directly owns 69,491 shares in the company, valued at $801,926.14. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Sunstone Hotel Investors by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 29,904,768 shares of the company’s stock valued at $373,511,000 after buying an additional 663,514 shares during the period. Principal Financial Group Inc. increased its stake in Sunstone Hotel Investors by 1.3% in the fourth quarter. Principal Financial Group Inc. now owns 8,494,532 shares of the company’s stock valued at $106,097,000 after buying an additional 107,885 shares in the last quarter. Victory Capital Management Inc. increased its stake in Sunstone Hotel Investors by 3.9% in the fourth quarter. Victory Capital Management Inc. now owns 3,623,092 shares of the company’s stock valued at $45,253,000 after buying an additional 134,328 shares in the last quarter. Foresters Investment Management Company Inc. increased its stake in Sunstone Hotel Investors by 33.4% in the fourth quarter. Foresters Investment Management Company Inc. now owns 2,073,114 shares of the company’s stock valued at $25,893,000 after buying an additional 518,700 shares in the last quarter. Finally, Schroder Investment Management Group increased its stake in Sunstone Hotel Investors by 262.2% in the fourth quarter. Schroder Investment Management Group now owns 1,011,146 shares of the company’s stock valued at $12,628,000 after buying an additional 731,996 shares in the last quarter.

Sunstone Hotel Investors, Inc is a self-managed and self-administered real estate investment trust (REIT). The Company’s business is to acquire, own, asset manage and renovate full-service hotel and select focus-service hotel properties in the United States. The Company operates through hotel ownership segment.

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