Sunstone Hotel Investors, Inc. (NYSE:SHO) Position Boosted by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,778 shares of the real estate investment trust’s stock after purchasing an additional 3,144 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sunstone Hotel Investors were worth $888,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Fox Run Management L.L.C. acquired a new stake in shares of Sunstone Hotel Investors during the 3rd quarter valued at $101,000. Versor Investments LP purchased a new stake in shares of Sunstone Hotel Investors during the third quarter valued at $112,000. Evergreen Capital Management LLC acquired a new position in shares of Sunstone Hotel Investors in the 3rd quarter valued at $127,000. Envestnet Portfolio Solutions Inc. purchased a new position in Sunstone Hotel Investors in the 3rd quarter worth about $152,000. Finally, ProVise Management Group LLC acquired a new stake in Sunstone Hotel Investors during the 3rd quarter worth about $162,000. 99.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Truist Financial raised their target price on Sunstone Hotel Investors from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to data from MarketBeat, Sunstone Hotel Investors presently has an average rating of “Hold” and a consensus price target of $10.00.

Sunstone Hotel Investors Price Performance

Shares of NYSE:SHO opened at $10.30 on Monday. The company has a current ratio of 7.03, a quick ratio of 7.03 and a debt-to-equity ratio of 0.43. Sunstone Hotel Investors, Inc. has a 1 year low of $8.61 and a 1 year high of $11.59. The business has a fifty day simple moving average of $10.93 and a 200 day simple moving average of $10.49. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 4.03 and a beta of 1.21.

Sunstone Hotel Investors (NYSE:SHO) last announced 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. The business had revenue of $219.20 million during the quarter, compared to analysts’ expectations of $192.56 million. Sunstone Hotel Investors had a return on equity of 11.32% and a net margin of 20.95%. The firm’s quarterly revenue was down 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.26 EPS. As a group, sell-side analysts predict that Sunstone Hotel Investors, Inc. will post 0.85 earnings per share for the current fiscal year.

Sunstone Hotel Investors Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend was Wednesday, March 27th. Sunstone Hotel Investors’s dividend payout ratio is presently 27.96%.

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.