Yousif Capital Management LLC Cuts Stock Position in Sunstone Hotel Investors, Inc. (NYSE:SHO)

Yousif Capital Management LLC cut its holdings in Sunstone Hotel Investors, Inc. (NYSE:SHO) by 2.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 53,717 shares of the real estate investment trust’s stock after selling 1,632 shares during the quarter. Yousif Capital Management LLC’s holdings in Sunstone Hotel Investors were worth $505,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sunstone Hotel Investors in the fourth quarter worth approximately $33,000. Smartleaf Asset Management LLC boosted its stake in shares of Sunstone Hotel Investors by 442.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,001 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 2,448 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in shares of Sunstone Hotel Investors in the fourth quarter worth approximately $42,000. Sterling Capital Management LLC boosted its stake in shares of Sunstone Hotel Investors by 805.2% in the fourth quarter. Sterling Capital Management LLC now owns 6,409 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 5,701 shares during the last quarter. Finally, FIL Ltd boosted its stake in shares of Sunstone Hotel Investors by 140.2% in the fourth quarter. FIL Ltd now owns 11,365 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 6,634 shares during the last quarter. 99.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Truist Financial decreased their price target 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. Bank of America raised Sunstone Hotel Investors from an “underperform” rating to a “buy” rating and set a $10.00 price target on the stock in a research note on Wednesday, April 30th. Morgan Stanley decreased their price target on Sunstone Hotel Investors from $9.00 to $7.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group decreased 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. Finally, Evercore ISI raised Sunstone Hotel Investors from an “in-line” rating to an “outperform” rating and set a $10.00 price target on the stock in a research note 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 given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.00.

Sunstone Hotel Investors Stock Performance

Sunstone Hotel Investors stock opened at $8.68 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.89 and a current ratio of 2.89. The stock has a fifty day moving average of $8.62 and a two-hundred day moving average of $10.09. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 86.75, a PEG ratio of 2.18 and a beta of 1.27. Sunstone Hotel Investors, Inc. has a fifty-two week low of $7.45 and a fifty-two week high of $12.41.

Sunstone Hotel Investors (NYSE:SHO) last announced its quarterly 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. Sunstone Hotel Investors had a return on equity of 1.93% and a net margin of 3.85%. The company had revenue of $234.07 million during the quarter, compared to analyst estimates of $243.34 million. During the same period in the prior year, the firm posted $0.18 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. On average, analysts anticipate that Sunstone Hotel Investors, Inc. will post 0.79 EPS for the current fiscal year.

Sunstone Hotel Investors Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.09 per share. The ex-dividend date is Monday, June 30th. This represents a $0.36 dividend on an annualized basis and a yield of 4.15%. Sunstone Hotel Investors’s payout ratio is 360.00%.

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.