Nomura Asset Management Co. Ltd. Has $2.23 Million Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Nomura Asset Management Co. Ltd. lifted its position in Sunstone Hotel Investors, Inc. (NYSE:SHOFree Report) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 238,690 shares of the real estate investment trust’s stock after purchasing an additional 3,800 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.12% of Sunstone Hotel Investors worth $2,232,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SHO. State Street Corp raised its stake in shares of Sunstone Hotel Investors by 26.5% in the third quarter. State Street Corp now owns 13,652,726 shares of the real estate investment trust’s stock valued at $129,260,000 after purchasing an additional 2,863,572 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Sunstone Hotel Investors by 9.0% in the third quarter. Vanguard Group Inc. now owns 34,473,209 shares of the real estate investment trust’s stock valued at $324,738,000 after purchasing an additional 2,843,715 shares in the last quarter. Deutsche Bank AG raised its stake in shares of Sunstone Hotel Investors by 1,719.5% in the fourth quarter. Deutsche Bank AG now owns 2,600,600 shares of the real estate investment trust’s stock valued at $25,122,000 after purchasing an additional 2,457,668 shares in the last quarter. Norges Bank acquired a new position in shares of Sunstone Hotel Investors in the fourth quarter valued at $19,941,000. Finally, Centersquare Investment Management LLC acquired a new position in shares of Sunstone Hotel Investors in the 1st quarter worth approximately $16,575,000.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. raised Sunstone Hotel Investors from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $9.00 to $10.00 in a report on Thursday, December 14th. Wells Fargo & Company increased their target price on Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock an “underweight” rating in a report on Friday, December 22nd. Finally, StockNews.com cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a report on Thursday, November 16th. Four analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat.com, Sunstone Hotel Investors presently has an average rating of “Reduce” and a consensus price target of $9.40.

View Our Latest Stock Analysis on Sunstone Hotel Investors

Sunstone Hotel Investors Stock Down 0.3 %

Shares of NYSE:SHO opened at $10.87 on Wednesday. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 0.45. The firm has a market cap of $2.23 billion, a P/E ratio of 27.16, a P/E/G ratio of 6.99 and a beta of 1.22. Sunstone Hotel Investors, Inc. has a 12 month low of $8.60 and a 12 month high of $11.38. The company’s 50-day moving average price is $10.54 and its two-hundred day moving average price is $9.79.

Sunstone Hotel Investors (NYSE:SHOGet Free Report) last released its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.06 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.14). Sunstone Hotel Investors had a net margin of 9.61% and a return on equity of 5.38%. The company had revenue of $247.70 million for the quarter, compared to the consensus estimate of $245.52 million. As a group, research analysts forecast that Sunstone Hotel Investors, Inc. will post 0.93 EPS for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were given a dividend of $0.13 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 4.79%. This is an increase from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. Sunstone Hotel Investors’s payout ratio is presently 60.00%.

Sunstone Hotel Investors Company Profile

(Free Report)

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of the date of this release owns 14 hotels comprised of 6,675 rooms, the majority of which are operated under nationally recognized brands. Sunstone's strategy is to create long-term stakeholder value through the acquisition, active ownership and disposition of well-located hotel and resort real estate.

Featured Articles

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

Receive News & Ratings for Sunstone Hotel Investors Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunstone Hotel Investors and related companies with MarketBeat.com's FREE daily email newsletter.