IFM Investors Pty Ltd Sells 9,414 Shares of Sunstone Hotel Investors, Inc. $SHO

IFM Investors Pty Ltd decreased its holdings in shares of Sunstone Hotel Investors, Inc. (NYSE:SHO) by 23.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,898 shares of the real estate investment trust’s stock after selling 9,414 shares during the period. IFM Investors Pty Ltd’s holdings in Sunstone Hotel Investors were worth $268,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of SHO. GF Fund Management CO. LTD. bought a new position in shares of Sunstone Hotel Investors during the fourth quarter valued at $42,000. GAMMA Investing LLC lifted its holdings in Sunstone Hotel Investors by 47.7% during the 1st quarter. GAMMA Investing LLC now owns 4,831 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 1,560 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in Sunstone Hotel Investors by 62.7% during the first quarter. Smartleaf Asset Management LLC now owns 4,882 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,881 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Sunstone Hotel Investors during the first quarter worth approximately $82,000. Finally, United Services Automobile Association bought a new stake in shares of Sunstone Hotel Investors during the first quarter worth $120,000. 99.37% of the stock is currently owned by institutional investors.

Sunstone Hotel Investors Price Performance

Shares of SHO opened at $9.65 on Wednesday. The stock has a market cap of $1.83 billion, a P/E ratio of 482.49, a price-to-earnings-growth ratio of 3.51 and a beta of 1.29. Sunstone Hotel Investors, Inc. has a 1 year low of $7.45 and a 1 year high of $12.41. The stock’s 50-day moving average price is $9.20 and its two-hundred day moving average price is $8.97. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.51.

Sunstone Hotel Investors (NYSE:SHO) last released its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.02. The business had revenue of $259.77 million for the quarter, compared to analyst estimates of $256.68 million. Sunstone Hotel Investors had a net margin of 2.15% and a return on equity of 1.12%. Sunstone Hotel Investors’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 EPS. On average, equities analysts predict that Sunstone Hotel Investors, Inc. will post 0.79 earnings per share for the current year.

Sunstone Hotel Investors Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.09 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 3.7%. Sunstone Hotel Investors’s dividend payout ratio is currently 1,800.00%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Sunstone Hotel Investors from $9.00 to $8.50 and set an “equal weight” rating on the stock in a research note on Tuesday, July 1st. Wall Street Zen lowered Sunstone Hotel Investors from a “hold” rating to a “sell” rating in a research note on Friday, September 5th. Evercore ISI lifted their price objective on Sunstone Hotel Investors from $10.00 to $11.00 and gave the stock an “outperform” rating in a research report on Monday, July 28th. Truist Financial dropped their price objective on Sunstone Hotel Investors from $11.00 to $10.00 and set a “hold” rating for the company in a report on Wednesday, September 3rd. Finally, JPMorgan Chase & Co. started coverage on shares of Sunstone Hotel Investors in a research note on Monday, June 23rd. They issued an “underweight” rating and a $8.00 target price on the stock. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $8.93.

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.