American Century Companies Inc. Sells 236,815 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

American Century Companies Inc. cut its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 73.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 84,658 shares of the real estate investment trust’s stock after selling 236,815 shares during the quarter. American Century Companies Inc.’s holdings in Sunstone Hotel Investors were worth $1,002,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Sunstone Hotel Investors by 37.2% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 108,666 shares of the real estate investment trust’s stock valued at $1,287,000 after purchasing an additional 29,473 shares during the period. Teacher Retirement System of Texas lifted its stake in Sunstone Hotel Investors by 134.8% in the fourth quarter. Teacher Retirement System of Texas now owns 133,649 shares of the real estate investment trust’s stock valued at $1,582,000 after buying an additional 76,729 shares during the period. Xponance Inc. boosted its holdings in Sunstone Hotel Investors by 10.9% during the fourth quarter. Xponance Inc. now owns 14,709 shares of the real estate investment trust’s stock worth $174,000 after buying an additional 1,441 shares during the last quarter. William Blair Investment Management LLC grew its position in shares of Sunstone Hotel Investors by 2.5% during the 4th quarter. William Blair Investment Management LLC now owns 2,387,239 shares of the real estate investment trust’s stock worth $28,265,000 after buying an additional 58,234 shares during the period. Finally, Cibc World Markets Corp bought a new stake in shares of Sunstone Hotel Investors in the 4th quarter valued at about $225,000. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Performance

SHO opened at $8.15 on Friday. The company has a market capitalization of $1.64 billion, a price-to-earnings ratio of 10.72, a P/E/G ratio of 4.52 and a beta of 1.16. The business’s 50-day moving average price is $10.04 and its two-hundred day moving average price is $10.73. Sunstone Hotel Investors, Inc. has a 1 year low of $7.45 and a 1 year high of $12.41. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.98 and a quick ratio of 2.98.

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

Sunstone Hotel Investors Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.09 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.36 annualized dividend and a yield of 4.42%. Sunstone Hotel Investors’s payout ratio is currently 257.14%.

Wall Street Analysts Forecast Growth

SHO has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective 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 decreased 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 report on Friday, March 21st. Morgan Stanley reaffirmed an “underweight” rating and set a $10.00 price objective on shares of Sunstone Hotel Investors in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group decreased their target price on Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Sunstone Hotel Investors currently has a consensus rating of “Hold” and an average price target of $11.00.

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.