Utah Retirement Systems raised its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 3.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,386 shares of the real estate investment trust’s stock after buying an additional 400 shares during the quarter. Utah Retirement Systems’ holdings in Sunstone Hotel Investors were worth $216,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Envestnet Asset Management Inc. increased its holdings in Sunstone Hotel Investors by 6.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 7,919 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 449 shares during the period. Thrivent Financial For Lutherans increased its holdings in Sunstone Hotel Investors by 0.4% in the 1st quarter. Thrivent Financial For Lutherans now owns 115,787 shares of the real estate investment trust’s stock valued at $1,775,000 after buying an additional 500 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Sunstone Hotel Investors by 4.2% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,285 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 575 shares during the period. GAM Holding AG increased its holdings in Sunstone Hotel Investors by 3.7% in the 2nd quarter. GAM Holding AG now owns 18,830 shares of the real estate investment trust’s stock valued at $304,000 after buying an additional 666 shares during the period. Finally, Breton Hill Capital Ltd. increased its holdings in Sunstone Hotel Investors by 14.9% in the 2nd quarter. Breton Hill Capital Ltd. now owns 13,100 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 1,700 shares during the period.

Several equities research analysts have issued reports on SHO shares. BidaskClub lowered shares of Sunstone Hotel Investors from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research raised shares of Sunstone Hotel Investors from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Friday, June 23rd. Canaccord Genuity boosted their price target on shares of Sunstone Hotel Investors from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Robert W. Baird reissued a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Sunstone Hotel Investors in a report on Friday, June 16th. Four analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $15.80.

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Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) opened at 15.82 on Friday. Sunstone Hotel Investors, Inc. has a 12-month low of $12.14 and a 12-month high of $16.86. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 20.52 and a beta of 1.17. The stock has a 50 day moving average of $15.75 and a 200 day moving average of $15.63.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.38 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.01. Sunstone Hotel Investors had a return on equity of 7.70% and a net margin of 15.41%. The company had revenue of $318.80 million for the quarter, compared to analysts’ expectations of $316.96 million. During the same quarter last year, the business earned $0.39 earnings per share. Sunstone Hotel Investors’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts expect that Sunstone Hotel Investors, Inc. will post $0.69 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend is Thursday, September 28th. Sunstone Hotel Investors’s payout ratio is currently 25.64%.

About Sunstone Hotel Investors

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

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

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