Sunstone Hotel Investors, Inc. (NYSE:SHO) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 1,289.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,460 shares of the real estate investment trust’s stock after purchasing an additional 42,189 shares during the period. GAMMA Investing LLC’s holdings in Sunstone Hotel Investors were worth $428,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Nissay Asset Management Corp Japan ADV raised its holdings in shares of Sunstone Hotel Investors by 3.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 33,889 shares of the real estate investment trust’s stock valued at $406,000 after acquiring an additional 1,258 shares during the period. Xponance Inc. lifted its holdings in shares of Sunstone Hotel Investors by 10.9% in the fourth quarter. Xponance Inc. now owns 14,709 shares of the real estate investment trust’s stock valued at $174,000 after purchasing an additional 1,441 shares in the last quarter. Swiss National Bank boosted its position in shares of Sunstone Hotel Investors by 0.6% in the fourth quarter. Swiss National Bank now owns 379,949 shares of the real estate investment trust’s stock worth $4,499,000 after buying an additional 2,300 shares during the period. Metis Global Partners LLC raised its position in Sunstone Hotel Investors by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 23,323 shares of the real estate investment trust’s stock valued at $276,000 after buying an additional 2,381 shares during the period. Finally, Smartleaf Asset Management LLC raised its position in 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 buying an additional 2,448 shares during the period. Institutional investors and hedge funds own 99.37% of the company’s stock.

Sunstone Hotel Investors Stock Down 0.1%

Sunstone Hotel Investors stock opened at $8.70 on Friday. The company has a market capitalization of $1.73 billion, a P/E ratio of 86.95, a P/E/G ratio of 2.18 and a beta of 1.27. The firm’s fifty day simple moving average is $8.61 and its 200-day simple moving average is $10.12. The company has a current ratio of 2.89, a quick ratio of 2.89 and a debt-to-equity ratio of 0.47. Sunstone Hotel Investors, Inc. has a 1-year low of $7.45 and a 1-year high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last announced its earnings results on Tuesday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, topping the consensus estimate of $0.18 by $0.03. The firm had revenue of $234.07 million for the quarter, compared to the consensus estimate of $243.34 million. Sunstone Hotel Investors had a net margin of 3.85% and a return on equity of 1.93%. The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 EPS. Sell-side analysts forecast that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current fiscal year.

Sunstone Hotel Investors Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued 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 4.14%. Sunstone Hotel Investors’s dividend payout ratio (DPR) is presently 360.00%.

Wall Street Analyst Weigh In

SHO has been the topic of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of Sunstone Hotel Investors from $9.00 to $7.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd. Bank of America upgraded shares of Sunstone Hotel Investors from an “underperform” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Wednesday, April 30th. Jefferies Financial Group cut their target price on shares of Sunstone Hotel Investors from $12.00 to $8.00 and set a “hold” rating for the company in a research report on Wednesday, April 9th. Truist Financial cut 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 report on Friday, March 21st. Finally, Evercore ISI upgraded shares of Sunstone Hotel Investors from an “in-line” rating to an “outperform” rating and set a $10.00 target price for the company in a research report on Friday, May 16th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sunstone Hotel Investors presently has a consensus rating of “Hold” and an average price target of $10.00.

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.