Yousif Capital Management LLC Boosts Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Yousif Capital Management LLC boosted its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 85,424 shares of the real estate investment trust’s stock after purchasing an additional 5,599 shares during the period. Yousif Capital Management LLC’s holdings in Sunstone Hotel Investors were worth $917,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rush Island Management LP grew its holdings in shares of Sunstone Hotel Investors by 30.3% during the third quarter. Rush Island Management LP now owns 9,579,732 shares of the real estate investment trust’s stock valued at $89,570,000 after buying an additional 2,225,579 shares during the last quarter. Tudor Investment Corp Et Al raised its stake in shares of Sunstone Hotel Investors by 101.8% in the third quarter. Tudor Investment Corp Et Al now owns 489,639 shares of the real estate investment trust’s stock worth $4,578,000 after purchasing an additional 247,058 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Sunstone Hotel Investors by 448.6% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 228,200 shares of the real estate investment trust’s stock valued at $2,134,000 after purchasing an additional 186,600 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Sunstone Hotel Investors by 19.0% during the third quarter. Panagora Asset Management Inc. now owns 1,072,133 shares of the real estate investment trust’s stock valued at $10,024,000 after buying an additional 171,238 shares during the last quarter. Finally, Tributary Capital Management LLC increased its holdings in Sunstone Hotel Investors by 11.9% in the 4th quarter. Tributary Capital Management LLC now owns 1,338,167 shares of the real estate investment trust’s stock worth $14,359,000 after buying an additional 142,105 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Price Performance

NYSE SHO opened at $10.19 on Friday. The company has a 50-day moving average price of $10.84 and a 200-day moving average price of $10.51. Sunstone Hotel Investors, Inc. has a 52 week low of $8.61 and a 52 week high of $11.59. The company has a quick ratio of 7.03, a current ratio of 7.03 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $2.08 billion, a P/E ratio of 10.96, a PEG ratio of 3.98 and a beta of 1.22.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Friday, February 23rd. The real estate investment trust reported $0.60 EPS for the quarter, beating 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 business had revenue of $219.20 million during the quarter, compared to analysts’ expectations of $192.56 million. During the same period in the prior year, the company earned $0.26 earnings per share. The firm’s revenue was down 10.2% on a year-over-year basis. Equities research analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.85 earnings per share for the current year.

Sunstone Hotel Investors Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a yield of 2.75%. Sunstone Hotel Investors’s dividend payout ratio is currently 27.96%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Truist Financial increased their price objective on shares of Sunstone Hotel Investors from $12.00 to $13.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Two 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, Sunstone Hotel Investors currently has a consensus rating of “Hold” and an average price target 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.