Sunstone Hotel Investors, Inc. $SHO Shares Bought by Tributary Capital Management LLC

Tributary Capital Management LLC raised its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 9.3% in the second quarter, Holdings Channel reports. The fund owned 1,399,015 shares of the real estate investment trust’s stock after buying an additional 119,012 shares during the period. Tributary Capital Management LLC’s holdings in Sunstone Hotel Investors were worth $12,143,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SHO. Massachusetts Financial Services Co. MA acquired a new stake in Sunstone Hotel Investors in the 1st quarter valued at about $42,838,000. Goldman Sachs Group Inc. increased its holdings in shares of Sunstone Hotel Investors by 132.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,787,519 shares of the real estate investment trust’s stock worth $26,231,000 after buying an additional 1,589,258 shares during the last quarter. Alyeska Investment Group L.P. increased its holdings in shares of Sunstone Hotel Investors by 251.0% during the 1st quarter. Alyeska Investment Group L.P. now owns 1,754,955 shares of the real estate investment trust’s stock worth $16,514,000 after buying an additional 1,254,955 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Sunstone Hotel Investors during the 1st quarter worth approximately $10,858,000. Finally, Westwood Holdings Group Inc. increased its holdings in shares of Sunstone Hotel Investors by 45.9% during the 1st quarter. Westwood Holdings Group Inc. now owns 3,576,897 shares of the real estate investment trust’s stock worth $33,659,000 after buying an additional 1,125,543 shares during the last quarter. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Performance

Shares of SHO stock opened at $9.32 on Thursday. The stock has a market capitalization of $1.77 billion, a PE ratio of 466.43, a P/E/G ratio of 3.43 and a beta of 1.29. The firm has a 50 day moving average of $9.37 and a two-hundred day moving average of $8.92. Sunstone Hotel Investors, Inc. has a 52 week low of $7.45 and a 52 week high of $12.41. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.51.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.02. The business had revenue of $259.77 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.28 EPS. On average, research analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.36 dividend on an annualized basis and a yield of 3.9%. Sunstone Hotel Investors’s payout ratio is 1,800.00%.

Analysts Set New Price Targets

SHO has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c-)” rating on shares of Sunstone Hotel Investors in a report on Wednesday, October 8th. Wells Fargo & Company raised shares of Sunstone Hotel Investors to a “hold” rating in a research report on Friday, October 3rd. Truist Financial lowered 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 research report on Wednesday, September 3rd. Evercore ISI increased their price objective on shares of Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Finally, Wall Street Zen cut shares of Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research report on Friday, September 5th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $8.93.

Sunstone Hotel Investors Company Profile

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.