Tarsadia Capital LLC Sells 644,905 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Tarsadia Capital LLC trimmed its stake in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 43.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 850,000 shares of the real estate investment trust’s stock after selling 644,905 shares during the quarter. Sunstone Hotel Investors makes up about 100.0% of Tarsadia Capital LLC’s portfolio, making the stock its largest holding. Tarsadia Capital LLC owned about 0.42% of Sunstone Hotel Investors worth $10,064,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in SHO. Smartleaf Asset Management LLC grew its stake in shares of Sunstone Hotel Investors by 442.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 2,448 shares during the last quarter. GAMMA Investing LLC boosted 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 acquiring an additional 1,743 shares in the last quarter. KBC Group NV grew its position in 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 worth $108,000 after acquiring an additional 3,249 shares during the last quarter. Longboard Asset Management LP acquired a new position in Sunstone Hotel Investors in the 4th quarter worth about $141,000. Finally, Heritage Family Offices LLP raised its position in Sunstone Hotel Investors by 7.2% in the fourth quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock valued at $171,000 after purchasing an additional 969 shares during the last quarter. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Truist Financial reduced their price target on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Wells Fargo & Company decreased their price target on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 18th. Jefferies Financial Group lifted their price target on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Thursday, January 2nd. Finally, Morgan Stanley reissued an “underweight” rating and issued a $10.00 price objective on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sunstone Hotel Investors has an average rating of “Hold” and a consensus price target of $11.57.

Sunstone Hotel Investors Trading Down 0.6 %

SHO opened at $9.42 on Tuesday. The stock has a market cap of $1.89 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 4.52 and a beta of 1.19. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors, Inc. has a twelve month low of $5.01 and a twelve month high of $12.41. The company has a fifty day moving average of $10.65 and a 200-day moving average of $10.88.

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

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors’s payout ratio is 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.