Sunstone Hotel Investors, Inc. (NYSE:SHO) Stock Position Boosted by Jane Street Group LLC

Jane Street Group LLC raised its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 90.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 359,767 shares of the real estate investment trust’s stock after buying an additional 170,821 shares during the period. Jane Street Group LLC owned approximately 0.18% of Sunstone Hotel Investors worth $3,713,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its stake in shares of Sunstone Hotel Investors by 11.6% during the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust’s stock valued at $11,566,000 after acquiring an additional 116,058 shares during the period. Intech Investment Management LLC acquired a new position in shares of Sunstone Hotel Investors during the 3rd quarter valued at $573,000. American Century Companies Inc. increased its position in shares of Sunstone Hotel Investors by 170.5% during the 2nd quarter. American Century Companies Inc. now owns 199,580 shares of the real estate investment trust’s stock valued at $2,088,000 after purchasing an additional 125,809 shares during the period. NFJ Investment Group LLC bought a new stake in shares of Sunstone Hotel Investors in the 3rd quarter worth $3,220,000. Finally, Miller Howard Investments Inc. NY acquired a new stake in shares of Sunstone Hotel Investors in the second quarter valued at $303,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO opened at $12.08 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market capitalization of $2.43 billion, a PE ratio of 15.89, a price-to-earnings-growth ratio of 6.45 and a beta of 1.25. The stock has a fifty day moving average of $10.85 and a 200-day moving average of $10.43. Sunstone Hotel Investors, Inc. has a one year low of $9.39 and a one year high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Tuesday, November 12th. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $226.40 million for the quarter, compared to analysts’ expectations of $224.61 million. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share. As a group, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 2.98%. The ex-dividend date is Tuesday, December 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 44.74%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lifted their target price on Sunstone Hotel Investors from $11.00 to $13.00 and gave the stock an “equal weight” rating in a report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.20.

Sunstone Hotel Investors Company Profile

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.