Sei Investments Co. Reduces Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Sei Investments Co. decreased its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 11.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 189,039 shares of the real estate investment trust’s stock after selling 24,524 shares during the period. Sei Investments Co. owned about 0.09% of Sunstone Hotel Investors worth $2,238,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Smartleaf Asset Management LLC raised its stake in shares of Sunstone Hotel Investors by 442.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 2,448 shares in the last quarter. GAMMA Investing LLC increased its holdings in Sunstone Hotel Investors by 114.1% during the 4th quarter. GAMMA Investing LLC now owns 3,271 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 1,743 shares during the period. KBC Group NV raised its position in Sunstone Hotel Investors by 55.4% during the 4th quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 3,249 shares in the last quarter. Longboard Asset Management LP purchased a new stake in shares of Sunstone Hotel Investors in the 4th quarter worth $141,000. Finally, Heritage Family Offices LLP grew its position in shares of Sunstone Hotel Investors by 7.2% during the 4th quarter. Heritage Family Offices LLP now owns 14,409 shares of the real estate investment trust’s stock worth $171,000 after buying an additional 969 shares in the last quarter. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Stock Down 3.8 %

NYSE:SHO opened at $8.30 on Friday. The company’s 50-day simple moving average is $10.44 and its 200-day simple moving average is $10.84. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.98 and a current ratio of 2.98. Sunstone Hotel Investors, Inc. has a fifty-two week low of $8.01 and a fifty-two week high of $12.41. The stock has a market capitalization of $1.67 billion, a P/E ratio of 10.92, a P/E/G ratio of 4.52 and a beta of 1.16.

Sunstone Hotel Investors (NYSE:SHO) last posted its earnings results on Friday, February 21st. The real estate investment trust reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Sunstone Hotel Investors had a net margin of 18.61% and a return on equity of 9.04%. The company had revenue of $214.77 million during the quarter, compared to analysts’ expectations of $211.17 million. On average, equities analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 4.34%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is 257.14%.

Analyst Ratings Changes

Several research firms recently weighed in on SHO. Jefferies Financial Group lifted their price objective on Sunstone Hotel Investors from $10.00 to $12.00 and gave the company a “hold” rating in a report on Thursday, January 2nd. Wells Fargo & Company reduced their price target on shares of 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 lowered their price target on shares of Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating for the company in a research report on Friday, March 21st. Finally, Morgan Stanley reissued an “underweight” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sunstone Hotel Investors currently has an average rating of “Hold” and an average price target of $11.57.

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.