Hsbc Holdings PLC Has $1.29 Million Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Hsbc Holdings PLC raised its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHOFree Report) by 12.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 119,751 shares of the real estate investment trust’s stock after acquiring an additional 13,502 shares during the quarter. Hsbc Holdings PLC owned approximately 0.06% of Sunstone Hotel Investors worth $1,285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in Sunstone Hotel Investors by 35.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,305 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,387 shares during the period. Evergreen Capital Management LLC acquired a new position in Sunstone Hotel Investors in the 3rd quarter valued at approximately $127,000. Metis Global Partners LLC increased its position in Sunstone Hotel Investors by 15.7% in the 4th quarter. Metis Global Partners LLC now owns 14,062 shares of the real estate investment trust’s stock valued at $151,000 after acquiring an additional 1,909 shares during the period. Heritage Wealth Management LLC bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at $163,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Sunstone Hotel Investors in the 3rd quarter valued at $152,000. 99.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on SHO. Truist Financial reduced their price objective on shares of Sunstone Hotel Investors from $13.00 to $12.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. StockNews.com raised shares of Sunstone Hotel Investors from a “sell” rating to a “hold” rating in a research note on Monday, June 3rd. Compass Point raised shares of Sunstone Hotel Investors from a “sell” rating to a “neutral” rating and upped their price objective for the company from $10.00 to $12.00 in a research note on Tuesday, May 7th. Robert W. Baird raised shares of Sunstone Hotel Investors from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $11.00 to $12.00 in a research note on Tuesday, May 28th. Finally, Baird R W raised shares of Sunstone Hotel Investors to a “strong-buy” rating in a research note on Tuesday, May 28th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.57.

Get Our Latest Analysis on SHO

Sunstone Hotel Investors Stock Down 1.5 %

Sunstone Hotel Investors stock opened at $10.01 on Friday. Sunstone Hotel Investors, Inc. has a 1-year low of $8.61 and a 1-year high of $11.59. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 11.12, a price-to-earnings-growth ratio of 4.82 and a beta of 1.23. The firm’s fifty day moving average price is $10.42 and its two-hundred day moving average price is $10.63. The company has a current ratio of 8.17, a quick ratio of 8.17 and a debt-to-equity ratio of 0.43.

Sunstone Hotel Investors (NYSE:SHOGet Free Report) last released its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.11). Sunstone Hotel Investors had a net margin of 20.69% and a return on equity of 10.75%. The business had revenue of $217.17 million during the quarter, compared to the consensus estimate of $212.00 million. On average, equities research analysts predict that Sunstone Hotel Investors, Inc. will post 0.89 earnings per share for the current fiscal year.

Sunstone Hotel Investors Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.60%. This is a positive change from Sunstone Hotel Investors’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, June 28th. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 33.33%.

Sunstone Hotel Investors Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Sunstone Hotel Investors (NYSE:SHO)

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