Vident Advisory LLC Lowers Stock Position in Sunstone Hotel Investors, Inc. $SHO

Vident Advisory LLC lowered its position in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 74.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,433 shares of the real estate investment trust’s stock after selling 267,671 shares during the period. Vident Advisory LLC’s holdings in Sunstone Hotel Investors were worth $879,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Nissay Asset Management Corp Japan ADV increased its holdings in Sunstone Hotel Investors by 3.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 33,889 shares of the real estate investment trust’s stock worth $406,000 after buying an additional 1,258 shares during the last quarter. GAMMA Investing LLC increased its holdings in Sunstone Hotel Investors by 47.7% during the first quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 1,560 shares during the last quarter. Aberdeen Group plc increased its holdings in Sunstone Hotel Investors by 2.3% during the first quarter. Aberdeen Group plc now owns 73,502 shares of the real estate investment trust’s stock worth $692,000 after buying an additional 1,669 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in Sunstone Hotel Investors by 62.7% during the first quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,881 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Sunstone Hotel Investors during the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO opened at $9.59 on Friday. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $1.82 billion, a PE ratio of 479.49, a P/E/G ratio of 3.48 and a beta of 1.29. Sunstone Hotel Investors, Inc. has a twelve month low of $7.45 and a twelve month high of $12.41. The company has a 50-day moving average price of $9.03 and a two-hundred day moving average price of $9.08.

Sunstone Hotel Investors (NYSE:SHO) last issued its earnings results on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $259.77 million during the quarter, compared to analyst estimates of $256.68 million. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.28 earnings per share. Equities analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Tuesday, September 30th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 1,800.00%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SHO shares. Wells Fargo & Company decreased their price objective on shares of Sunstone Hotel Investors from $9.00 to $8.50 and set an “equal weight” rating for the company in a report on Tuesday, July 1st. Truist Financial decreased their price objective on shares of Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday. Evercore ISI raised their price objective on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. began coverage on shares of Sunstone Hotel Investors in a report on Monday, June 23rd. They set an “underweight” rating and a $8.00 price objective for the company. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Sunstone Hotel Investors presently has an average rating of “Hold” and a consensus target price of $8.93.

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.