Xponance Inc. Has $174,000 Stock Holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Xponance Inc. increased its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 10.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,709 shares of the real estate investment trust’s stock after buying an additional 1,441 shares during the quarter. Xponance Inc.’s holdings in Sunstone Hotel Investors were worth $174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Sunstone Hotel Investors by 31.0% during the third quarter. JPMorgan Chase & Co. now owns 4,775,533 shares of the real estate investment trust’s stock valued at $49,284,000 after buying an additional 1,130,558 shares during the last quarter. Intech Investment Management LLC bought a new position in Sunstone Hotel Investors in the 3rd quarter valued at about $573,000. NFJ Investment Group LLC acquired a new position in Sunstone Hotel Investors during the 3rd quarter valued at about $3,220,000. Principal Financial Group Inc. increased its holdings in Sunstone Hotel Investors by 11.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust’s stock worth $11,566,000 after purchasing an additional 116,058 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Sunstone Hotel Investors by 2.1% in the third quarter. Geode Capital Management LLC now owns 5,247,927 shares of the real estate investment trust’s stock worth $54,169,000 after purchasing an additional 109,327 shares during the last quarter. Institutional investors own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Down 2.2 %

Sunstone Hotel Investors stock opened at $9.48 on Friday. The firm has a 50 day moving average price of $10.70 and a 200-day moving average price of $10.87. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.44. Sunstone Hotel Investors, Inc. has a twelve month low of $9.39 and a twelve month high of $12.41. The company has a market capitalization of $1.91 billion, a P/E ratio of 12.47, a P/E/G ratio of 4.52 and a beta of 1.19.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly earnings data on Friday, February 21st. The real estate investment trust reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $214.77 million during the quarter, compared to analyst estimates of $211.17 million. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. As a group, equities analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date is Monday, March 31st. Sunstone Hotel Investors’s dividend payout ratio is currently 257.14%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating for the company in a report on Tuesday, February 18th. Truist Financial reduced their target price on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Morgan Stanley reissued an “underweight” rating and set a $10.00 price target on shares of Sunstone Hotel Investors in a research report on Tuesday, January 14th. Finally, Jefferies Financial Group increased their price objective on shares of Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $11.57.

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.