Jane Street Group LLC Sells 204,801 Shares of Sunstone Hotel Investors, Inc. (NYSE:SHO)

Jane Street Group LLC trimmed its position in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 56.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 154,966 shares of the real estate investment trust’s stock after selling 204,801 shares during the period. Jane Street Group LLC owned approximately 0.08% of Sunstone Hotel Investors worth $1,835,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SHO. Barclays PLC increased its stake in Sunstone Hotel Investors by 304.9% during the third quarter. Barclays PLC now owns 343,018 shares of the real estate investment trust’s stock valued at $3,540,000 after acquiring an additional 258,302 shares during the period. Principal Financial Group Inc. increased its stake in Sunstone Hotel Investors by 11.6% during the third quarter. Principal Financial Group Inc. now owns 1,120,710 shares of the real estate investment trust’s stock valued at $11,566,000 after acquiring an additional 116,058 shares during the period. Blue Trust Inc. increased its stake in Sunstone Hotel Investors by 44.7% during the fourth quarter. Blue Trust Inc. now owns 31,571 shares of the real estate investment trust’s stock valued at $374,000 after acquiring an additional 9,759 shares during the period. KBC Group NV increased its stake in Sunstone Hotel Investors by 55.4% during the fourth quarter. KBC Group NV now owns 9,118 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 3,249 shares during the period. Finally, abrdn plc increased its stake in Sunstone Hotel Investors by 63.1% during the fourth quarter. abrdn plc now owns 71,833 shares of the real estate investment trust’s stock valued at $850,000 after acquiring an additional 27,778 shares during the period. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Trading Up 1.3%

Shares of SHO opened at $8.92 on Friday. The stock has a fifty day moving average price of $8.80 and a two-hundred day moving average price of $10.39. 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 52-week low of $7.45 and a 52-week high of $12.41. The company has a market cap of $1.77 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 4.52 and a beta of 1.25.

Sunstone Hotel Investors (NYSE:SHO) last issued its quarterly earnings data on Tuesday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Sunstone Hotel Investors had a return on equity of 9.04% and a net margin of 18.61%. The firm had revenue of $234.07 million during the quarter, compared to the consensus estimate of $243.34 million. During the same quarter in the previous year, the company posted $0.18 EPS. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.09 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.36 annualized dividend and a yield of 4.03%. Sunstone Hotel Investors’s payout ratio is 360.00%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on SHO shares. Jefferies Financial Group lowered their price target on Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating on the stock in a research note on Wednesday, April 9th. Truist Financial lowered their price objective on Sunstone Hotel Investors from $12.00 to $11.00 and set a “hold” rating on the stock in a research note on Friday, March 21st. Evercore ISI upgraded Sunstone Hotel Investors from an “in-line” rating to an “outperform” rating and set a $10.00 price objective on the stock in a research note on Friday. Bank of America upgraded Sunstone Hotel Investors from an “underperform” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Wednesday, April 30th. Finally, Wells Fargo & Company lowered their price objective on Sunstone Hotel Investors from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Sunstone Hotel Investors has an average rating of “Hold” and a consensus target price of $10.25.

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.