Nisa Investment Advisors LLC Has $801,000 Stake in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Nisa Investment Advisors LLC cut its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,615 shares of the real estate investment trust’s stock after selling 7,785 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Sunstone Hotel Investors were worth $801,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in SHO. Vanguard Group Inc. lifted its position in Sunstone Hotel Investors by 9.0% during the third quarter. Vanguard Group Inc. now owns 34,473,209 shares of the real estate investment trust’s stock worth $324,738,000 after acquiring an additional 2,843,715 shares during the last quarter. State Street Corp increased its stake in shares of Sunstone Hotel Investors by 26.5% during the third quarter. State Street Corp now owns 13,652,726 shares of the real estate investment trust’s stock worth $129,260,000 after purchasing an additional 2,863,572 shares during the period. Rush Island Management LP lifted its holdings in Sunstone Hotel Investors by 30.3% during the 3rd quarter. Rush Island Management LP now owns 9,579,732 shares of the real estate investment trust’s stock worth $89,570,000 after purchasing an additional 2,225,579 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Sunstone Hotel Investors by 21.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,734,593 shares of the real estate investment trust’s stock worth $44,268,000 after purchasing an additional 820,980 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Sunstone Hotel Investors by 4.0% in the 1st quarter. Geode Capital Management LLC now owns 4,519,698 shares of the real estate investment trust’s stock valued at $44,655,000 after purchasing an additional 174,083 shares during the period. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Performance

SHO opened at $10.35 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 7.03 and a current ratio of 7.03. Sunstone Hotel Investors, Inc. has a 52-week low of $8.61 and a 52-week high of $11.59. The firm has a market cap of $2.11 billion, a P/E ratio of 11.12, a price-to-earnings-growth ratio of 4.25 and a beta of 1.21. The business’s fifty day moving average is $11.00 and its 200-day moving average is $10.44.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Friday, February 23rd. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $219.20 million for the quarter, compared to the consensus estimate of $192.56 million. During the same period in the prior year, the company posted $0.26 earnings per share. The business’s revenue for the quarter was down 10.2% on a year-over-year basis. Sell-side analysts expect that Sunstone Hotel Investors, Inc. will post 0.85 EPS for the current fiscal year.

Sunstone Hotel Investors Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.07 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 2.71%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 27.96%.

Wall Street Analyst Weigh In

Several research firms have weighed in on SHO. StockNews.com upgraded Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. Wells Fargo & Company raised their price target on shares of Sunstone Hotel Investors from $9.50 to $10.00 and gave the stock an “underweight” rating in a research report on Friday, December 22nd. Finally, Truist Financial lifted their price objective on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to MarketBeat, Sunstone Hotel Investors 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.