Swiss National Bank raised its stake in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 2.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 367,149 shares of the real estate investment trust’s stock after acquiring an additional 10,400 shares during the period. Swiss National Bank owned approximately 0.16% of Sunstone Hotel Investors worth $5,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Utah Retirement Systems increased its holdings in Sunstone Hotel Investors by 3.1% in the 2nd quarter. Utah Retirement Systems now owns 13,386 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 400 shares during the last quarter. 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 acquiring an additional 449 shares during the last quarter. 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 acquiring an additional 500 shares during the last quarter. 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 acquiring an additional 575 shares during the last quarter. Finally, 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 acquiring an additional 666 shares during the last quarter.

A number of brokerages have issued reports on SHO. BidaskClub downgraded shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Friday, August 25th. Zacks Investment Research downgraded shares of Sunstone Hotel Investors from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. Canaccord Genuity lifted 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 reiterated a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Sunstone Hotel Investors in a report on Friday, June 16th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. Sunstone Hotel Investors has a consensus rating of “Hold” and a consensus price target of $15.80.

Sunstone Hotel Investors, Inc. (NYSE:SHO) opened at 15.84 on Tuesday. The firm has a 50 day moving average of $15.74 and a 200-day moving average of $15.65. The stock has a market capitalization of $3.57 billion, a PE ratio of 20.54 and a beta of 1.17. Sunstone Hotel Investors, Inc. has a 52 week low of $12.14 and a 52 week high of $16.86.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.01. Sunstone Hotel Investors had a net margin of 15.41% and a return on equity of 7.70%. The firm had revenue of $318.80 million during the quarter, compared to analyst estimates of $316.96 million. During the same quarter in the prior year, the firm posted $0.39 earnings per share. Sunstone Hotel Investors’s quarterly revenue was down 1.0% on a year-over-year basis. On average, equities analysts predict that Sunstone Hotel Investors, Inc. will post $0.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be issued 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 dividend payout ratio is currently 25.64%.

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Sunstone Hotel Investors Profile

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.

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

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