Daiwa Securities Group Inc. Increases Position in Sunstone Hotel Investors Inc (SHO)

Daiwa Securities Group Inc. boosted its position in Sunstone Hotel Investors Inc (NYSE:SHO) by 5.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,046,576 shares of the real estate investment trust’s stock after buying an additional 754,542 shares during the quarter. Sunstone Hotel Investors comprises 1.6% of Daiwa Securities Group Inc.’s holdings, making the stock its 19th biggest position. Daiwa Securities Group Inc. owned approximately 0.06% of Sunstone Hotel Investors worth $232,190,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. California Public Employees Retirement System raised its stake in Sunstone Hotel Investors by 6.2% in the 4th quarter. California Public Employees Retirement System now owns 688,364 shares of the real estate investment trust’s stock valued at $11,379,000 after acquiring an additional 40,146 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Sunstone Hotel Investors by 23.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 19,655 shares of the real estate investment trust’s stock valued at $325,000 after acquiring an additional 3,757 shares during the period. Dupont Capital Management Corp raised its stake in Sunstone Hotel Investors by 47.8% in the 4th quarter. Dupont Capital Management Corp now owns 234,481 shares of the real estate investment trust’s stock valued at $3,876,000 after acquiring an additional 75,781 shares during the period. Lourd Capital LLC bought a new stake in Sunstone Hotel Investors in the 4th quarter valued at about $204,000. Finally, RMR Advisors LLC bought a new stake in Sunstone Hotel Investors in the 4th quarter valued at about $496,000.

In other news, CFO Bryan Albert Giglia sold 18,426 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $16.73, for a total transaction of $308,266.98. Following the sale, the chief financial officer now directly owns 229,833 shares in the company, valued at $3,845,106.09. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.84% of the company’s stock.

A number of equities research analysts recently issued reports on SHO shares. Zacks Investment Research upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Friday, November 3rd. Boenning Scattergood restated a “hold” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. B. Riley restated a “neutral” rating on shares of Sunstone Hotel Investors in a research note on Wednesday, November 1st. JPMorgan Chase & Co. boosted their price objective on Sunstone Hotel Investors from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Finally, Raymond James Financial restated a “market perform” rating on shares of Sunstone Hotel Investors in a research note on Monday, January 8th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.06.

Shares of Sunstone Hotel Investors Inc (NYSE:SHO) opened at $15.43 on Friday. Sunstone Hotel Investors Inc has a 52-week low of $14.15 and a 52-week high of $17.46. The firm has a market capitalization of $3,480.00, a PE ratio of 24.49, a PEG ratio of 2.63 and a beta of 1.04. The company has a current ratio of 4.76, a quick ratio of 4.75 and a debt-to-equity ratio of 0.40.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Sunday, December 31st were given a dividend of $0.58 per share. The ex-dividend date of this dividend was Thursday, December 28th. This is a boost from Sunstone Hotel Investors’s previous quarterly dividend of $0.05. This represents a $2.32 annualized dividend and a dividend yield of 15.04%. Sunstone Hotel Investors’s dividend payout ratio is currently 368.25%.

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About Sunstone Hotel Investors

Sunstone Hotel Investors, Inc operates as a self-managed and self-administered real estate investment trust (REIT). The Company’s primary business is to acquire, own, asset manage and renovate primarily urban and resort upper upscale hotels in the United States. The Company operates through hotel ownership segment.

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

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