UBS Group AG Boosts Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

UBS Group AG grew its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO – Get Rating) by 62.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 266,548 shares of the real estate investment trust’s stock after buying an additional 102,346 shares during the period. UBS Group AG owned 0.13% of Sunstone Hotel Investors worth $2,511,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. BNP Paribas Arbitrage SA increased its stake in shares of Sunstone Hotel Investors by 0.8% during the second quarter. BNP Paribas Arbitrage SA now owns 114,090 shares of the real estate investment trust’s stock valued at $1,132,000 after buying an additional 935 shares during the period. Great West Life Assurance Co. Can increased its stake in shares of Sunstone Hotel Investors by 0.5% during the first quarter. Great West Life Assurance Co. Can now owns 190,263 shares of the real estate investment trust’s stock valued at $2,329,000 after buying an additional 1,015 shares during the period. LPL Financial LLC increased its stake in shares of Sunstone Hotel Investors by 9.4% during the second quarter. LPL Financial LLC now owns 14,914 shares of the real estate investment trust’s stock valued at $148,000 after buying an additional 1,277 shares during the period. Mackenzie Financial Corp increased its stake in shares of Sunstone Hotel Investors by 10.5% during the first quarter. Mackenzie Financial Corp now owns 13,588 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 1,291 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Sunstone Hotel Investors by 10.5% during the second quarter. M&T Bank Corp now owns 18,168 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 1,733 shares during the period. 99.51% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on SHO shares. 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 research note on Monday, December 5th. Morgan Stanley reduced their price target on Sunstone Hotel Investors from $10.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 7th. StockNews.com cut Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Tuesday, November 15th. Barclays reduced their price target on Sunstone Hotel Investors from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 10th. Finally, Raymond James cut Sunstone Hotel Investors from a “market perform” rating to an “underperform” rating in a research note on Friday, December 9th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Sunstone Hotel Investors Trading Down 1.7 %

Shares of NYSE:SHO opened at $10.52 on Tuesday. The company has a market cap of $2.19 billion, a P/E ratio of 30.06 and a beta of 1.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.56 and a quick ratio of 0.56. Sunstone Hotel Investors, Inc. has a 1 year low of $9.19 and a 1 year high of $12.72. The stock’s fifty day moving average price is $10.32 and its 200-day moving average price is $10.46.

Sunstone Hotel Investors Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, March 30th. Sunstone Hotel Investors’s dividend payout ratio is 28.57%.

About Sunstone Hotel Investors

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Sunstone Hotel Investors, Inc is a real estate investment trust, which engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. Its portfolio consists of upper upscale hotels located in major convention, resort destination, and urban markets. The company was founded by Robert A.