Asset Management One Co. Ltd. Has $3.55 Million Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Asset Management One Co. Ltd. lessened its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 326,950 shares of the real estate investment trust’s stock after selling 19,465 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Sunstone Hotel Investors were worth $3,547,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in Sunstone Hotel Investors in the second quarter worth about $30,000. Advisors Asset Management Inc. raised its position in Sunstone Hotel Investors by 168.4% in the fourth quarter. Advisors Asset Management Inc. now owns 3,065 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,923 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Sunstone Hotel Investors by 56.5% in the first quarter. Tower Research Capital LLC TRC now owns 4,257 shares of the real estate investment trust’s stock worth $42,000 after purchasing an additional 1,537 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Sunstone Hotel Investors in the first quarter worth about $91,000. Finally, Point72 Middle East FZE acquired a new position in Sunstone Hotel Investors in the fourth quarter worth about $94,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Price Performance

SHO opened at $10.95 on Friday. Sunstone Hotel Investors, Inc. has a one year low of $8.61 and a one year high of $11.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 7.03 and a quick ratio of 7.03. The company’s 50 day simple moving average is $11.01 and its 200-day simple moving average is $10.39. The stock has a market capitalization of $2.23 billion, a P/E ratio of 11.77, a price-to-earnings-growth ratio of 4.31 and a beta of 1.21.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 EPS for the quarter, beating the consensus estimate of $0.16 by $0.44. Sunstone Hotel Investors had a net margin of 20.95% and a return on equity of 11.32%. The business had revenue of $219.20 million for the quarter, compared to analysts’ expectations of $192.56 million. During the same period in the prior year, the firm earned $0.26 earnings per share. Sunstone Hotel Investors’s revenue was down 10.2% compared to the same quarter last year. Sell-side analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.85 earnings per share for the current fiscal year.

Sunstone Hotel Investors Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 2.56%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is currently 27.96%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on SHO shares. Truist Financial increased their price target on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Wells Fargo & Company upped their price objective on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock an “underweight” rating in a research note on Friday, December 22nd. JPMorgan Chase & Co. raised shares of Sunstone Hotel Investors from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $9.00 to $10.00 in a research note on Thursday, December 14th. Finally, StockNews.com raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Two research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $10.00.

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.