Zurcher Kantonalbank Zurich Cantonalbank Has $1.52 Million Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 48.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 128,298 shares of the real estate investment trust’s stock after buying an additional 42,130 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Sunstone Hotel Investors worth $1,519,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in Sunstone Hotel Investors by 442.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 2,448 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Sunstone Hotel Investors by 114.1% during the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 1,743 shares during the last quarter. KBC Group NV lifted its holdings in shares of Sunstone Hotel Investors by 55.4% during the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 3,249 shares during the last quarter. Longboard Asset Management LP acquired a new stake in shares of Sunstone Hotel Investors during the 4th quarter valued at about $141,000. Finally, Heritage Family Offices LLP lifted its holdings in shares of Sunstone Hotel Investors by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock valued at $171,000 after buying an additional 969 shares during the last quarter. 99.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Morgan Stanley reiterated an “underweight” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Jefferies Financial Group lifted their price target on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Finally, Wells Fargo & Company reduced their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.71.

Sunstone Hotel Investors Stock Down 2.1 %

Shares of SHO stock opened at $9.67 on Wednesday. The stock’s 50 day simple moving average is $11.02 and its 200 day simple moving average is $10.90. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 4.52 and a beta of 1.19.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $214.77 million for the quarter, compared to analyst estimates of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. As a group, research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 257.14%.

About Sunstone Hotel Investors

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.