Hill Winds Capital LP Sells 140,000 Shares of Sunstone Hotel Investors Inc (NYSE:SHO)

Hill Winds Capital LP cut its position in shares of Sunstone Hotel Investors Inc (NYSE:SHO) by 36.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 240,000 shares of the real estate investment trust’s stock after selling 140,000 shares during the quarter. Sunstone Hotel Investors comprises 2.3% of Hill Winds Capital LP’s investment portfolio, making the stock its 21st biggest holding. Hill Winds Capital LP owned approximately 0.11% of Sunstone Hotel Investors worth $3,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Sunstone Hotel Investors by 4.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,303,273 shares of the real estate investment trust’s stock valued at $59,902,000 after purchasing an additional 179,794 shares in the last quarter. Mackay Shields LLC boosted its position in shares of Sunstone Hotel Investors by 120.0% during the third quarter. Mackay Shields LLC now owns 655,319 shares of the real estate investment trust’s stock valued at $9,004,000 after purchasing an additional 357,498 shares in the last quarter. Millennium Management LLC boosted its position in shares of Sunstone Hotel Investors by 12,937.6% during the third quarter. Millennium Management LLC now owns 3,095,780 shares of the real estate investment trust’s stock valued at $42,536,000 after purchasing an additional 3,072,035 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of Sunstone Hotel Investors by 20.5% during the third quarter. California Public Employees Retirement System now owns 633,362 shares of the real estate investment trust’s stock valued at $8,702,000 after purchasing an additional 107,897 shares in the last quarter. Finally, Green Street Investors LLC boosted its position in shares of Sunstone Hotel Investors by 15.3% during the third quarter. Green Street Investors LLC now owns 258,900 shares of the real estate investment trust’s stock valued at $3,557,000 after purchasing an additional 34,300 shares in the last quarter.

Sunstone Hotel Investors stock traded down $0.37 during mid-day trading on Thursday, hitting $11.26. The company had a trading volume of 8,644,465 shares, compared to its average volume of 2,661,418. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $13.16 and its two-hundred day moving average price is $13.58. Sunstone Hotel Investors Inc has a 12 month low of $11.15 and a 12 month high of $15.27. The company has a market capitalization of $2.70 billion, a PE ratio of 20.85, a price-to-earnings-growth ratio of 1.94 and a beta of 1.08.

Sunstone Hotel Investors (NYSE:SHO) last released its earnings results on Tuesday, February 18th. The real estate investment trust reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.06). Sunstone Hotel Investors had a return on equity of 5.50% and a net margin of 12.35%. The company had revenue of $272.90 million during the quarter, compared to the consensus estimate of $266.96 million. During the same period last year, the firm posted $0.29 earnings per share. The company’s revenue was down 2.8% compared to the same quarter last year. Equities research analysts anticipate that Sunstone Hotel Investors Inc will post 1.03 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.78%. The ex-dividend date is Monday, March 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 210.71%.

Several equities research analysts recently weighed in on the company. Zacks Investment Research lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. SunTrust Banks dropped their price target on Sunstone Hotel Investors from $14.00 to $12.00 and set a “hold” rating on the stock in a research report on Thursday, February 20th. Deutsche Bank restated a “hold” rating and set a $15.00 price target on shares of Sunstone Hotel Investors in a research report on Wednesday, February 19th. Finally, Morgan Stanley dropped their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, January 9th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $13.00.

Sunstone Hotel Investors Company Profile

Sunstone Hotel Investors, Inc is a lodging real estate investment trust ("REIT") that as of February 12, 2019 has interests in 21 hotels comprised of 10,780 rooms. Sunstone's primary business is to acquire, own, asset manage and renovate hotels considered to be Long-Term Relevant Real EstateĀ®, the majority of which are operated under nationally recognized brands, such as Marriott, Hilton and Hyatt.

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

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